How to check exchange rates for India?

When you're dealing with different currencies from around the world, finding the best exchange rates are key.  With so many variables, how do you know which exchange rate is fair to ensure you receive the best possible deal out there?

Learn how to check exchange rates when looking to send money from South Africa to India.

Tips for checking the exchange rates:

• Always familiarise yourself with the mid-market rate before you perform an exchange
• Bear in mind the mid-market rate reflects the true exchange rate
• Avoid converting your currency at airports or hotels as they include a higher mark-up with fees
• Keep in mind that exchange rates change daily, sometimes up to multiple times in a single day
   

How to find the best exchange rate for Indian Rupees:

If you’re looking to travel to India on holiday or would like to send money home to an account in India, exchange rates matter, and we recommend doing your research first online to find the best possible rate.

We recommend researching the rate on Google as your first step to viewing the rate for the day. It’s helpful to use an exchange rate tracker to help issue alerts indicating the best time featuring the rate of the exchange.
 

There are times that the rates may fall and we advise you to wait if possible for a better time to exchange your money if you can. It’s important to always compare exchange rates before you buy as rates can vary from vendor to vendor.  We recommend comparing the exchange rates offered by at least three different vendors in order to find the best rate possible. Sites such as X-Rates and Exchange Rates.org are great in that they feature exchange rates from India and a live currency converter page. The rates that are represented are updated every minute within the Forex market’s trading hours so you can view live updates throughout the day.

Is there an easy way to send money from South Africa to India?

Yes, there is! Thanks to Mama Money, our mobile app allows you to send international money transfers around the globe to over 50 countries including India.
Mama understands how important it is for you to support your loved ones with an easy, safe, and affordable way to send money home. You can send a transfer as soon as you register on Mama Money.

Send money easily using our Mama Money App:

1. Login to the Mama Money mobile app and select Send Money
2. Choose the recipient to who you are sending money
3. Enter the amount you want to send and press Next
4. Select your preferred payment method and press Confirm & send

Benefits of using Mama Money to send money:

So, what makes us stand out from other money transfer companies out there? With our services, our customers are able to provide financial support to their loved ones located all around the world 24 hours a day, 7 days a week. Now you can enjoy peace of mind knowing we offer a secure service and guarantee the safety of your money.
 

Now your friends and family can receive their money faster with low fees and great rates. Plus, we offer a R50 welcome bonus on the first order with us for you to enjoy.

Should you have any questions feel free to contact Mama via WhatsApp on +27 66 104 1097.
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