Currency Conversion Calculator – Forbes Advisor INDIA

Our currency conversion calculator converts over 200 currencies and rates are updated every five minutes. Among the currencies available, our calculator converts Indian rupees, Mexican pesos, Jamaican dollars and Ghanaian cedi. It also calculates the conversion value of various cryptocurrencies, such as Bitcoin and Dogecoin.

Simply enter the amount, your starting currency and your ending currency to get an estimate based on current rates.

Disclaimer: Our currency calculator uses the Open Exchange API to collect current exchange rates. We pull new rates every 5 minutes to make sure the conversion you see is accurate and up-to-date. However, the rate you see here may not be the same as what is offered to you by a bank or other financial institution.

How does a currency conversion calculator work?

Our currency conversion calculator uses the current exchange rate to determine the value of your money in a different currency. Since this value can fluctuate due to various economic conditions, it is important to know the current exchange rate before converting your money. Here are some of the most popular conversions supported by our calculator:

  • US Dollar to Indian Rupee
  • US Dollar to Philippine Peso
  • US Dollar to Mexican Peso
  • US Dollar to Colombian Peso
  • US Dollar to Pakistani Rupee
  • US Dollar to Chinese Yuan Renminbi
  • US Dollar to Brazilian Real
  • US Dollar to Russian Ruble
  • US Dollar to Jamaican Dollar
  • US Dollar to Dominican Peso
  • US Dollar to Indonesian Rupiah
  • US Dollar to Ghanaian Cedi
  • US Dollar to Peruvian Nuevo Sol
  • US Dollar to Argentine Peso
  • US Dollar to Honduran Lempira
  • US Dollar to Haitian Gourde

You can view the full list of currencies here. Keep in mind that the conversion provided here does not take into account any fees charged by the institution performing the exchange, be it a bank, digital app, or travel kiosk.

How to send money online

It’s easier than ever to send money to friends and family overseas with online tools. The Reserve Bank of India allows Indian citizens to send money through a process called outward remittance. Each financial year, up to $2,50,000 can be transferred online by a resident individual, including minors.

Authorized money transfer companies like Western Union and apps like Book My Forex and Wise allow you to send money to people internationally. But keep in mind that this ease can come at a price.

While Western Union fees vary by payout and payout options, Wise charges a flat fee of INR 75.20 + 1.78% of the converted amount per transaction, and transactions through Book My Forex cost a bank fee of INR 225 + applicable Goods and Services Tax. and often depend on the size of the transaction.

How to exchange money

If you plan to exchange money for personal use, expert travelers will tell you to avoid the currency exchange kiosk at the airport – they charge some of the highest fees and often have the worst exchange rates.

Instead, use a debit or credit card with no foreign transaction fees and select the local currency at register (if available).

If you must use cash, make an international ATM withdrawal.

If you have a bank account in another country, you can also use an app like Wise to transfer money to you for a few dollars per transaction. Once your transfer is complete, you can withdraw local currency at an ATM.

When is the best time to exchange money?

Many factors can impact the value of the currency you plan to send or exchange, from economic events to the time of day.

If you are not in a rush to exchange your currency, check the conversion value several times before completing the transaction. You may be able to grow your dollar (in any currency).

It can also be useful to check currency values ​​during popular currency trading periods. For example, Indian currency trading hours are between 9 am and 5 pm. Currency exchanges in the United States and London overlap between 8 a.m. and 12 p.m., for example, and currency values ​​can fluctuate a lot during this window. If you plan to convert Indian Rupees to US Dollars or Euros, you may want to check the values ​​during the overlap period.

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