Short answer: enter the amount, choose the currencies, and read the rate line under the result. If that line has no date, do not trust the number.
What the mid-market rate is
The mid-market rate is the midpoint between the wholesale buy and sell price of one currency against another. It is the number quoted in newspapers and on financial sites, and it is what this page fetches. It is not a price you can transact at — no bank sells foreign currency at the midpoint, because the midpoint carries no margin for them.
Why the date is part of the answer
A currency rate is a fact about a moment. Presenting yesterday’s rate without that date is a quiet lie: the number looks authoritative while being up to a day old, and on a volatile pair a day is enough to change a decision. This page therefore prints the publication timestamp the rate service returns, and if the service is unreachable it says so rather than showing a remembered value.
What a bank or remitter will quote
Expect a margin of roughly 1–3% over the mid-market rate, sometimes a flat fee, and GST on that fee. On small transfers the flat fee dominates; on large ones the margin does. Comparing the quote you are offered against this page tells you what the transfer actually costs, in rupees, instead of in “zero commission” marketing.
Where the rates come from
The rate table is fetched fromexchangerate-api.com’s open endpoint, which republishes once a day and requires no key. The conversion itself happens in your browser: only the base currency code is sent, never the amount, and there is no account or cookie. For tax, customs or remittance paperwork, use the rate the receiving bank or the notified official rate prescribes — this page is an estimate, not a filing instrument.
Questions
Which rate does this converter use?
The mid-market rate published by exchangerate-api.com’s open endpoint, which is refreshed once a day. It is the midpoint between buy and sell rates on the wholesale market — the number you see in news reports — not the rate a bank or money-transfer company will offer you.
Why is a bank’s rate worse?
A bank or remittance provider adds a margin, usually 1–3%, and may add a fixed fee and GST on the fee. On ₹1,00,000 that margin can easily exceed ₹2,000. The gap between this number and the quote on the payment screen is that margin, not an error in the conversion.
How fresh is the rate?
The page prints the publication timestamp the rate service returns, next to the result. A table already fetched for that base currency is reused for ten minutes in the tab, so retyping an amount does not hit the service again — the printed date is the table’s date, not the time of your query. When no table is available, the page says so and shows nothing rather than a guessed number.
Is the amount I type sent anywhere?
No. The browser requests the rate table for one base currency; the amount never leaves the tab. There is no account, no cookie and no upload, and the request carries no referrer.
Can I use this for filing taxes or official conversions?
No. For income-tax purposes the rate is the telegraphic transfer buying rate on the date the income is received, published by the bank or SBI, and customs uses CBIC’s notified rates. Use this page for a quick estimate, then use the official rate for the document.