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INR 1.00 = USD Mid-Rate       /
BestExchangeRates compares the latest Foreign Exchange Rates from Banks & leading Currency Brokers to find you the best deals for your Overseas Transfers We also provide currency converter calculators, up-to-date foreign exchange research, news, charts and information on currency vendors.
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Daily Currency Market Commentary
Daily currency news provided by OzForex

The recent Greenback rally found further support Thursday as stronger GDP and Pending Home Sales data offered further insight into the state of economic recovery while worsening Geopolitical tensions between Russia and the Ukraine forced a flight to safety and haven assets. The Yen pared the USD advance as the Ukraine Security Council convened to draw up fresh plans as negotiations with Russian Separatists in the countries east deteriorated. It seems the rising tension has finally added some volatility to currency markets and forced investors into haven plays leading into the Labour Day long weekend in the US. The Euro decline continued approaching 11 month lows as concerns surrounding growth prospects and the dampening effect of the Ukrainian/Russian crisis continue to mount. With inflationary data and German retail sales headlining a crowded docket we expect the 18 nation bloc currency to remain under pressure leading into the weekly close. 
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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 Money

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

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