Guaranteed Exchange Rate is the exact same rate you get that you see. In other types of transfers, the exchange rate applied is that which is valid on the day when your money is converted to Indian rupees. But when you choose Guaranteed Exchange Rate, you know exactly what rate you will get. This is a useful option if you have a fixed rupee commitment in India like a loan EMI, property purchase, etc.

As the name suggests, this exchange rate is indicative. It means that it is the current exchange rate.For your transaction though, the exchange rate applied will be the exchange rate on the day your money is converted to Indian rupees. That rate may be a little different from the current or indicative exchange rate because the market keeps fluctuating. Depending on the market, you could get a slightly higher or marginally lower rate from the one you saw when you booked a transaction

You can view the exchange rate for the day by using the Online Exchange Rate Calculator.

We keep updating the exchange rate during the day so that you always know the latest rate as per the market. Market rates fluctuate as per the Indian markets and time. For you, it may reflect at different points of time on our website based on the location from which you access it. Remit2India does not control or determine the market rate. This means that your actual rate applied could end up being more than the one you saw when you booked a transaction, if the market rate is favorable when your transaction is processed