Calculate your money transfer from USD/GBP/EUR to INR
USD – US Dollar
GBP – British Pound
EUR – Euro
AUD – Australian Dollar
CAD – Canadian Dollar
SGD – Singapore Dollar
Gross Amount to Convert:
Fees Deducted:
Net Amount Converted:
Recipient Gets (INR):
function updateCurrencyLabels() {
var currency = document.getElementById("sendCurrency").value;
document.getElementById("curLabel1").innerHTML = "(" + currency + ")";
document.getElementById("curLabel2").innerHTML = "(" + currency + ")";
}
function calculateRemittance() {
// Get Inputs
var amountInput = document.getElementById("sendAmount");
var rateInput = document.getElementById("exchangeRate");
var feeInput = document.getElementById("transferFee");
var currency = document.getElementById("sendCurrency").value;
var amount = parseFloat(amountInput.value);
var rate = parseFloat(rateInput.value);
var fee = parseFloat(feeInput.value);
// Validation
if (isNaN(amount) || amount <= 0) {
alert("Please enter a valid amount to send.");
return;
}
if (isNaN(rate) || rate <= 0) {
alert("Please enter the current exchange rate.");
return;
}
if (isNaN(fee)) {
fee = 0;
}
// Logic
// Usually fees are deducted from the principal amount sent, or added on top.
// For this calculator, we will assume the fee is deducted from the 'Amount to Send'
// to determine the 'Net Convertable Amount'.
var netAmount = amount – fee;
// Edge case: Fee is higher than amount
if (netAmount < 0) {
netAmount = 0;
}
var totalINR = netAmount * rate;
// Formatting
var formatter = new Intl.NumberFormat('en-US', {
style: 'currency',
currency: currency,
minimumFractionDigits: 2
});
var inrFormatter = new Intl.NumberFormat('en-IN', {
style: 'currency',
currency: 'INR',
minimumFractionDigits: 2
});
// Display Results
document.getElementById("resGross").innerHTML = formatter.format(amount);
document.getElementById("resFee").innerHTML = "-" + formatter.format(fee);
document.getElementById("resNet").innerHTML = formatter.format(netAmount);
document.getElementById("resTotalINR").innerHTML = inrFormatter.format(totalINR);
// Show result container
document.getElementById("remitResult").style.display = "block";
}
Understanding Your Remit2India Transfer
Sending money to India involves more than just typing in a number. Whether you are an NRI (Non-Resident Indian) sending money home for family maintenance, savings, or investments, understanding the exact exchange rate calculations is crucial for maximizing the amount your recipient gets. The Remit2India Exchange Rate Calculator helps you estimate the final Indian Rupee (INR) value based on current market rates and service fees.
How the Calculation Works
The calculation for remittances is governed by three primary factors: the sending amount, the exchange rate, and the transfer fees.
Sending Currency Amount: This is the gross amount you wish to transfer (e.g., $1,000 USD).
Exchange Rate (FX Rate): This is the value of 1 unit of your currency in Indian Rupees. Rates fluctuate constantly during market hours. Remittance services like Remit2India often provide "locked-in" rates for a specific duration.
Transfer Fees: Most services charge a transaction fee, which may be a fixed amount or a percentage of the transfer. This is usually deducted from the sending amount before conversion.
Formula: (Sending Amount – Transfer Fees) × Exchange Rate = Total INR Received.
Factors Affecting Exchange Rates to India
The USD/INR, GBP/INR, and EUR/INR rates are volatile. Several macroeconomic factors influence how much money your family receives in India:
Market Demand: High demand for INR strengthens the currency, meaning you get fewer Rupees for your Dollar.
Inflation Rates: Higher inflation in India compared to the US or UK generally depreciates the Rupee over the long term, potentially offering better exchange rates for NRIs.
RBI Regulations: Policies set by the Reserve Bank of India regarding foreign inflows can impact the spread offered by remittance providers.
Tips for Getting the Best Remit2India Rate
To maximize your transfer, consider sending money when the exchange rate spikes. Many remittance platforms offer rate alerts. Additionally, sending larger amounts often reduces the effective fee percentage or qualifies you for a slightly better exchange rate (known as a "volume premium"). Always compare the "Effective Exchange Rate" (Net INR / Gross Foreign Currency) rather than just the raw forex rate, as high fees can offset a seemingly attractive rate.