How It Works
This converter fetches the latest mid-market exchange rates on every page load using free public APIs. No signup or API key required. Rates match those shown on Google Finance and XE.com.
Converted = Amount × (Target Rate ÷ Source Rate)
Mid-market rate — no bank markup
Rate Type Comparison
| Source | Markup vs Mid-Market |
|---|---|
| This calculator | 0% — true rate |
| Wise / Revolut | 0.3–1% |
| Bank wire | 1–3% |
| Airport kiosk | 5–15% |
Frequently Asked Questions
Rates are fetched live on every page load from public financial APIs. They reflect the current mid-market rate — the same rate shown on Google Finance. For forex trading, always use a real-time brokerage feed.
Banks add a spread of 1–3% on top of the mid-market rate shown here. So if USD/INR mid-market is 91.2, your bank may offer only 88–89 per dollar. Services like Wise charge just 0.5% above mid-market.
Wise, Remitly, and Instarem offer the best USD→INR rates — typically within 0.5–1% of mid-market. This saves ₹2,000–₹3,000 per $1,000 compared to bank wire transfers. Always compare before sending large amounts.
The USD/INR rate moves based on RBI interventions, US Federal Reserve interest rate decisions, India's trade balance, crude oil prices (India imports ~85% of its oil), foreign institutional investment flows, and global risk sentiment.