MoneyGram GBP - INR exchange rate

MoneyGram
Sending
MoneyGram 1 GBP = 103.3615 INR
-0.5% compared to mid-market rate
ProviderGBP - INR rateMid-market rate comparisonLearn moreTransfer feeRecipient gets
MoneyGram
MoneyGram review
103.36147-0.5%8.99 GBP
102432.25 INR
Revolut
103.52845-0.3%1.50 GBP
103373.16 INR
Wise
Wise review
103.8450%Mid-market rate 0%5.76 GBP
103246.85 INR
Remitly
Remitly review
103.38818-0.4%1.99 GBP
103182.44 INR
Xoom
103.03139-0.8%0.00 GBP
103031.39 INR
Western Union
Western Union review
103.12047-0.7%1.99 GBP
102915.26 INR
WorldRemit
102.53515-1.3%1.99 GBP
102331.1 INR
Monese
103.4661-0.4%20.00 GBP
101396.78 INR
OFX
OFX review
100.94864-2.8%0.00 GBP
100948.64 INR

What is the MoneyGram GBP - INR exchange rate today?

The live MoneyGram exchange rate for GBP to INR is 103.36147.

This is the mid market rate -0.5%.

The full fee you pay to convert currencies or send money overseas can include a couple of different fees, depending on the provider you select. Comparing your options is always a smart move, so you’ll know you’re getting the best deal on the market for your specific transfer. Read on for more about the fees and exchange rates that can apply to your transaction - and to compare the MoneyGram exchange rate with some alternatives.

What is the mid-market rate?


The mid-market exchange rate is the only 'real' exchange rate. It’s the rate you’ll find on Google or with a currency converter tool. It’s also the rate that banks and money transfer services get when they buy and sell currencies on global markets.

The retail exchange rate that banks and money transfer services provide to their customers may not be the same as the mid-market rate. That’s because many organizations add a markup - an extra fee - to the rate they use to convert currencies for their customers. The markup used by different organizations can vary pretty widely, which is why it may seem like there are lots of different exchange rates being used at any one time.

The real GBP to INR exchange rate today is 103.845.

What is the MoneyGram currency conversion fee for GBP to INR?

The MoneyGram GBP to INR exchange rate is 103.36147. This is -0.5% compared to the mid-market rate.

On top of the currency conversion fee you pay to MoneyGram, you may also pay a transfer fee or service charge. The fees for sending money to India depend on a few factors, such as the amount you're sending and your preferred payment method.

The currency conversion fee that is used can vary depending on the specific currency you're sending, and based on changes in the currency exchange markets. Let's take a look at the currency conversion fees charged by MoneyGram for several other international transfer routes and how they compare with the mid-market rate.

Currency routeMoneyGram exchange rateMid market rateMarkup %
GBP - USD 1.227061.2408-1.1%
GBP - BRL 6.29386.50508-3.2%
GBP - HUF 445.64221460.529-3.2%

How does the MoneyGram GBP to INR rate compare with other providers?

Mid-market exchange rates change all the time, based on movements in global currency markets. On top of that, providers may adjust the currency conversion fees they use when calculating their retail exchange rates, based on the specific currencies involved, and how they expect markets to move.

That means the best way to check how MoneyGram's live GBP to INR exchange rate compares to other providers is to use a comparison site like this one, where you'll find the latest exchange rate and fee details across a range of reputable money transfer services.

How much does it cost to send GBP - INR with MoneyGram?

The fee for sending GBP - INR with MoneyGram can vary depending on a few factors such as the way you decide to pay, and the amount sent. It's also helpful to remember that there may be a couple of different fees involved, depending on the specific details of your payment, including a transfer fee and a currency conversion fee. If your payment is processed through the SWIFT network, you may also find that intermediary fees are deducted from the transfer amount as it's processed.

Typically, to send 1000 GBP - INR with MoneyGram will mean you pay a fee of 8.99. The live MoneyGram exchange rate that will be used to process your transfer is 103.36147. This is the mid market rate -0.5%.

Compare MoneyGram GBP to INR rates and fees

Where does MoneyGram send money to?

You can send money with MoneyGram on a number of payment routes covering different currencies and countries. Double check if MoneyGram supports the payment route you need on their desktop site or app.

MoneyGram GBP - GBP FAQ

What exchange rate MoneyGram uses for GBP India?

MoneyGram calculates the GBP to INR exchange rate by taking the mid-market exchange rate and adding a variable markup, depending on the currencies and market conditions.

How much tax does MoneyGram charge to send GBP to INR?

If you're unsure about how MoneyGram's GBP to INR tax, fees and exchange rates work, you'll be able to reach out to the customer service team directly.

How long does it take to send money with MoneyGram?

The amount of time it takes to send money with MoneyGram will depend on various factors like the payment value and specific service you use. You'll often be able to see an estimate of delivery time before you confirm your transfer, and can track your payment by logging into your account.

What is the mid-market rate?

The mid-market exchange rate is the rate that banks and providers use when they buy and sell currencies on wholesale markets. This exchange rate is sometimes passed on to retail customers, although some providers calculate their retail exchange rate by adding a markup to the mid-market rate, which is an extra fee.