Sometimes, the values of currencies against each other change based on changes in the economy and the changing political or market environment. If you transfer money from India to the USA, knowing how currency values change can help you get the most benefit.
The Things That Impact Exchange Rates
- Rupee’s weakness: the higher demand for USD, the weaker the rupee gets, because the exchange rate grows.
- Countries recording low inflation usually have currencies that are more valued than those with high inflation.
- An increase in interest rates leads to more foreign investments and a boost in the currency’s demand.
- When politics are uncertain or there is an economic downturn, exchange rates may fluctuate a lot.
- A trade deficit (more imports than exports) is likely to lead to a weaker currency in that country.
- The RBI takes measures by using both intervention and monetary policies to alter the exchange rate.
Tips for Acquiring the Best Exchange Rate for Indian Money Transfer to the USA
You should focus on receiving the best exchange rate with the least amount of charges when you send money to the USA. The platform allows you to enjoy competitive rates and an easy International Money Transfer.
Ways to Achieve the Best Rate While Traveling.
- Keep track of the exchange rate and move funds whenever the Indian Rupee is stronger against US Dollars.
- Bank, forex, and online platform fees are not the same. Users get real-time exchange rates and have to pay only minimal fees at Orient Exchange.
- Stay away from transferring when levels of money sent home tend to rise or the economy has big changes. If you plan your transfer in advance, you could reduce the costs.
- Choose companies that don’t hide any fees or charges in their service. Orient Exchange does not include any hidden charges when you send money.
- Visit the rate table on Orient Exchange’s website to find out if the Forex rate matches your needs.
- When transferring a large sum, you can negotiate a better deal with your forex service.
What are the reasons to use Orient Exchange for transferring funds to the USA from India?
- Check real-time forex rates on our site every minute.
- Low fees: The company offers fees that remain low and are always made clear.
- The use of RBIs’ authorized money exchange guarantees secure and safe transactions.
- Quick P2P Transactions: You may send funds easily to others through online or our branch services.
- Having personalized Customer Support by call assistants helps customers experience a smooth remittance.
Conclusion
Exchange rates are likely to go up and down, but if you grasp the main reasons and select Orient Exchange, you can save more money. Sending money from India to the USA for almost any reason can be efficiently done now at the best rates. Want to make a transfer today? You can go for live rates and open your transaction on Orient Exchange’s site now.