Converter
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Currency Converter
Live INR exchange rates — convert between major currencies instantly.
About this converter
The currency converter shows live exchange rates between 25+ major world currencies, with everything routed through USD as the base. The rate data comes from open.er-api.com — a free aggregator of interbank reference rates — refreshed every 10 minutes. INR is included alongside USD, EUR, GBP, AED, SGD, JPY, CAD, AUD, CHF and more.
For Indians, three practical contexts make this useful. First, travel: compare what your bank or forex card is quoting vs the actual mid-market rate before loading currency for a trip — a 2-3% spread on a ₹2 lakh trip is ₹4,000-6,000 you can save with a fairer provider like Wise. Second, online purchases: international websites quote prices in their currency; this converter shows the INR equivalent before you pay 2-3% extra in card forex markup. Third, RBI LRS planning: the Liberalised Remittance Scheme allows USD 250,000 per financial year for individuals — knowing the INR equivalent at current rates helps you stay within limits.
For business invoicing, USD/EUR/GBP receipts to NRO/NRE accounts use the FEMA rate on credit date — banks publish this daily. For ITR reporting of foreign income, the SBI TTBR rate on the last day of the month is the conventional reference.
Rate History
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Same amount in popular currencies
How much you will actually pay
Mid-market rate is the interbank reference. Real channels add 0.5-4% mark-up plus fees.
How Live Exchange Rates Work in India
Three rate types matter. The interbank mid-market rate (what this converter shows) is what banks trade among themselves. The RBI reference rate published daily at 12:30 pm is the regulatory benchmark for FEMA. The cash buy/sell rate your bank quotes for forex cards or remittances is 1-4% off the interbank rate — that’s the bank’s margin.
Live rates here come from open.er-api.com, refreshed every 10 minutes. They’re suitable for travel budgeting, online purchase estimates, and ballpark planning. For large transfers or business invoicing, the FEMA rate on the credit date governs ITR reporting and TDS computations.
Forex Cost Comparison — INR to USD
| Channel | Mark-up vs Mid-Market | Fees | Best For |
|---|---|---|---|
| Bank wire (SWIFT) | 2.5-4% | ₹500-1,500 + SWIFT | Large business transfers |
| Forex card (SBI/HDFC/ICICI) | 1.5-2.5% | ₹500 issuance | Travel, locked at issue rate |
| Credit card abroad | 3-4% (mark-up + GST + FCC) | 3% FCC + GST | Emergency / small |
| Wise / Revolut / Remitly | 0.5-1.5% | Fixed ~$3-5 | Personal remittances |
| Crypto on-ramp (USDT) | 1-3% + spread | Network fees | Technical users |
LRS Limit ₹2,07,80,000: Liberalised Remittance Scheme allows individuals USD 2,50,000 per financial year for permitted purposes (travel, education, gifts, investments). At ~₹83/USD, that’s roughly ₹2.07 Cr. Exceed this and you face FEMA penalties. 20% TCS applies on remittances above ₹10 L (most categories) — collectible at source by the bank.
Worked Examples
Example 1: USD 5,000 Student Remittance
USD 5,000 at mid-market ₹83/USD = ₹4,15,000. Via SBI wire: bank quotes ₹85.20/USD = ₹4,26,000 (₹11,000 mark-up) + SWIFT fee ₹1,500 + GST on fee. Via Wise: ₹83.50/USD = ₹4,17,500 + $4 fee. Wise saves ~₹8,500 on this single transfer.
Example 2: Travel Forex Card
₹2 L loaded on forex card at ‘cash sell’ rate ₹85.50/USD = USD 2,339. Bank locks this rate at issuance — protect against rupee depreciation but no benefit if it strengthens. Reload fee 1% if abroad.
Example 3: Online Subscription
USD 99 SaaS subscription. Indian credit card charges: ₹83 × 99 = ₹8,217 (mid-market) + 3% mark-up = ₹8,464 + 18% GST on mark-up = ₹247 + ~3.5% FCC. Final ~₹8,711. Equivalent on Wise debit card: ~₹8,367. Saving ~₹344 per transaction.
Forex Best Practices
- Compare three providers minimum — Bank, fintech (Wise/Remitly), and forex card. Cost differences are often 2-3% on large amounts.
- Forex card vs cash — Cards beat cash for safety and rates. Carry small INR-equivalent cash for arrival expenses.
- Round-trip costs — Loading + reloading + unloading a forex card costs 2-3% total. For short trips, just use a no-FX-fee debit card.
- NRE accounts are tax-free for NRIs and rupee-convertible. NRO accounts are subject to TDS and limited repatriation.
- Track exchange rate movement — INR has depreciated ~3-4% annually against USD on average. Lock rates early for known future spends.
Frequently Asked Questions
What currencies does this converter support?
Our currency converter supports 30+ major currencies including INR, USD, EUR, GBP, JPY, AED, SGD and more. Rates are sourced from live market data.
Are the exchange rates live or fixed?
The rates displayed are fetched from live market sources and updated regularly. For large transactions, always verify with your bank or broker before executing.
Do I need to create an account to use this tool?
No. Our currency converter is completely free to use — no sign-up, no login, and no paywall.
How is the INR to USD rate calculated?
The INR to USD rate is based on the current inter-bank forex rate. The tool displays indicative rates; actual rates at banks or money changers may include a spread.