Sending a larger amount to ? Request a Free    Multi-Vendor Quote
Recent Transfers
Request a Multi-Vendor Transfer Quote
 
Quick Calc
Mid-Rates
-->

Compare Foreign Exchange Rates | Banks & Online Currency Brokers

         Intn'l Transfer Rates

INR/USD Exchange Rate

INR 1.00 = USD Reference Mid-Rate       /
Exchange Rates are different for International Bank Transfers Select
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your International Money Transfers. We also provide quick currency converter calculators, up-to-date foreign exchange research, news, charts and information and reviews of currency brokers.

Daily Currency Market Commentary
Daily currency news provided by OzForex

In the absence of any headline macro-economic data events major currency units maintained a relatively tight range throughout trade on Monday. The Greenback was forced marginally lower against higher yielding assets as expectations surrounding the timing of Federal Reserve rate hikes are revised outward. Expectations that the world’s largest central bank will raise interest rates in October 2015 have now fallen below 50% a dramatic reversal given 52% of futures traders estimated an adjustment in July as recently as October 3rd. The shift in Interest rate expectations comes on the back of a slowdown in global growth prospects and a dovish shift in Fed policy.
After a volatile week it seems markets have slipped into a quieter start to this trading week ahead of US inflation data and European Manufacturing numbers due Wednesday and Thursday. Markets will be seeking any signs of growth within the Eurozone after the European Central Bank announced it will now be covering bonds in a bid to keep deflation at bay as the German economy approaches recession with little to no growth forecast for the 3rd and 4th quarters of 2014. Attentions today turn to Chinese GDP reports with markets looking for any hint the world’s second largest economy can maintain current growth levels.
Data releases
RBA Monetary Policy Meeting Minutes and RBA Deputy Governor Lowe Speaks
NZD Credit Card Spending
All Industries Activity
View more currency reports

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and the price at which you sell. ⇒ read article

What makes sending money internationally so expensive?

There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

This is an information service. By browsing on the website and/or using our comparison tools, you are asking BestExchangeRates to provide you with information about currency exchange products & services from multiple financial institutions. We will try to show you a range of products & services in response to your request for information. The search results do not include all providers and may not compare all features relevant to you. In giving you product information we are not making any suggestion or recommendation to you about a particular product. If you decide to conduct foreign exchange you will deal directly with a financial institution, and not with BestExchangeRates. Rates and product information should be confirmed with the relevant financial institution, see our terms of use for further details. BestExchangeRates may receive fees or other benefits in relation to activity on the BestExchangeRates website. BestExchangeRates may receive remuneration for vendor referral links.    TOS | Full disclaimer | Privacy Statement | Facebook