Currency Converter (Live)

Convert Indian Rupee to USD, EUR, GBP, AED, SGD and more. Shows interbank rate, bank/card spread, and true cost of currency conversion.

Currency Converter & Exchange Rate Calculator

Interbank rate vs your bank rate — see the hidden spread cost

Amount to convert Rs 1,00,000
Rs 1KRs 1Cr
Rs
Convert from
Convert to
Bank spread over interbank rate 2%
0.5%5%
%
At interbank rate
---
mid-market rate
After bank spread
---
what you actually get
Spread cost
---
in INR equivalent
Amount---
At interbank rate---
At bank rate (after spread)---
Spread cost (Rs)---
Amount received vs spread lost
You receive: ---
Spread cost: ---

Rates shown are indicative based on approximate mid-2026 rates. Always check live rates before transacting. Spread varies by bank, amount, and currency.

Spread cost at different bank margins
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ThriftRupee Insight

The "exchange rate" banks quote you is never the interbank rate — they add a spread of 1.5–3.5%. On a Rs 1 lakh conversion, that Rs 3,500 spread is invisible but real. Forex cards typically offer better rates than cash or credit cards. For large transfers above Rs 5 lakh, always compare rates across at least 3 banks and ask explicitly for the "TT rate" (Telegraphic Transfer rate).

Currency Converter — Understanding Exchange Rate Spreads

The exchange rate you see on Google or XE.com is the interbank (mid-market) rate — the wholesale rate at which banks trade currencies with each other. When you convert currency at a bank or exchange counter, they apply a spread (margin) of 1–3.5% above this rate. This calculator shows you exactly how much you pay in this hidden spread cost, helping you compare options and choose the cheapest way to exchange currency.

Frequently asked questions

What is the difference between interbank rate and retail rate?▼
The interbank rate (mid-market rate) is the "real" exchange rate at which banks trade with each other — what you see on Google or XE.com. Retail rates for consumers include a bank margin/spread of 1–3.5%. So if USD/INR interbank is 83.50, your bank may offer 84.50–86.00. Always compare to the interbank rate to understand your true conversion cost.
Which is cheaper — forex card, cash, or credit card for international travel?▼
Forex cards typically offer the best rates (spread of 1–2%), followed by wire transfers (0.5–1.5% + fixed fee). Cash exchange at airports is the worst (spread of 3–5%). Using Indian credit cards abroad incurs a foreign transaction fee of 1.5–3.5% plus the bank spread. For regular travel, a multi-currency forex card pre-loaded at good rates saves significantly.
What is TCS on foreign exchange transactions?▼
Tax Collected at Source (TCS) applies on foreign remittances under LRS (Liberalised Remittance Scheme) beyond Rs 7 lakh per financial year — at 20% on the amount above Rs 7 lakh. For education and medical travel, TCS is 5% above Rs 7 lakh. TCS is adjustable against your income tax liability, so it is not a permanent cost but affects immediate cash flow.

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TCS on foreign remittance