Sending money abroad with AusPost
Australia Post is an agent for Western Union, as such all the exchange rates and fees you will get from a visit to an Auspost branch to send money overseas will be those of Western Union.
Western Union are really only a good option if you are in a rush or you and/or the recipient do not have bank accounts.
BestExchangeRates recommends:
- For bank to bank transfers, it is always better to use a FX specialist.
- Consider much cheaper and better options such as TorFX and OFX.
- Find the best provider and rates for your destination currency and amount with our comparison calculator.
What is the
best Send Money conversion rate for INR to EUR?
The best INR to EUR exchange rate is 0.0097 from Wise. This is -0.72% compared to the mid-market rate 0.009770.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Indian rupee (INR) to Euro (EUR) rates from different sources before making a conversion.
The above
Australia Post - Rupee to Euro comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Australia Post and other foreign exchange providers against the latest INR-EUR mid-rate and the possible savings of using various providers.
How do Australia Post INR-EUR rates compare between providers?
Looking at the full
INR to EUR - Send Money comparison table the provider with the best INR to EUR exchange rate is Wise at 0.0097, -0.72% from the latest mid-market rate 0.009770.
The next best is WorldRemit at 0.0096, -1.7% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
like Australia Post or platforms that offer rates closer to the mid-market rate.