What is the State Bank of India Send Money conversion rate for INR to JPY?
The State Bank of India INR to JPY exchange rate is 1.6101. This is -4.5% compared to the latest INR-JPY mid-market rate 1.6859.
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 Japanese yen (JPY) rates from different sources before making a conversion.
The above State Bank of India - Rupee to Yen comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by State Bank of India and other foreign exchange providers against the latest INR-JPY mid-rate and the possible savings of using various providers.
How do State Bank of India INR-JPY rates compare between providers?
Looking at the full INR to JPY - Send Money comparison table the provider with the best INR to JPY exchange rate is Wise at 1.6657, -1.2% from the latest mid-market rate 1.6859.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like State Bank of India 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 or platforms that offer rates closer to the mid-market rate.