Are you traveling from India to the US and wondering where can you go to convert INR to USD and get a fair exchange rate? Our guide will take you through the US currency exchange rate in India, best currency exchange places, and more. Having this information ahead of time will allow you to evaluate any fees or commissions you are charged in the USA.
USA Currency Exchange Rate
The name of the currency in the USA is the United States Dollar (USD) or the American Dollar. The currency notes come in denominations of 1, 5, 10, 25, 50, 100, 500, and 1,000. The United States Dollar is divided into 100 cents. The symbol for USD can be written as ＄and the symbol for INR can be written as Rs. Wondering how to convert INR to USD? As of 2019, this is the INR to USD conversion rate: 1 INR equals 0.0143447 USD and 1 USD equals 69.7121 INR.
Convert INR To USD
|United States Dollar
Convert USD To INR
|United States Dollar
5 Best Currency Exchange Places In USA
1. Currency Exchange International
Currency Exchange International is one of the largest providers of foreign currency services to financial institutions and corporations in North America. Backed by the best FX software in the industry, you receive the best pricing and world-class customer service. It exchanges more than 80 foreign currencies for walk-up clients. It offers the best INR to USD exchange rate.
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2. Travelex Currency Services
Travelex has a massive network of stores and pick-up locations in USA making it easy to order currency online and collect later. Their exchange rates are consistently better than any American bank. They do not charge any commissions or fees. However, paying them using a credit card may incur fees.
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3. Bank of America
Foreign banks usually advertise low-cost or free transfers, but add a hidden markup to the exchange rate when they convert INR to USD. The Bank of America, on the other hand, gives you the real, mid-market exchange rate. This way, you can make huge savings on international transfer.
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4. Treasure Trove Currency Exchange
Treasure Trove Foreign Currency Exchange is the local source for all of your foreign currency needs. We offer competitive foreign currency exchange rates that are much better than others in the area especially airport exchange rates. There is a small transaction fee with no minimum exchange amount.
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At AFEX, you can buy foreign currency in one of their branches, or order online and collect your currency in-store. They don’t charge you any additional fees if you exchange money. It is the best way to convert INR to USD. If you order 1000 dollars, they will waive the delivery fee. Their secure and simple online process will guide you through your purchase in no time.
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Credit Cards And ATMs In USA
Free ATMs are rare, unless you’re using an ATM of the same bank which issued your card. Here are a few things you must keep in mind if you plan to exchange money at an ATM:
- Most ATMs are not chip-and-pin enabled. If your card doesn’t have a magnetic stripe on the back, it won’t work.
Some ATMs return your card before the transaction is complete. This is normal. Take it and wait for the machine to dispense your money.
Many petrol stations and supermarkets around the US offer free cashback when you pay by card. This eliminates ATM fees from your transaction.
Debit card fees are usually lower than credit card fees, so choose your cards wisely.
Your home bank may also charge fees in addition to any U.S. ATM fees. This is usually an ATM withdrawal fee and a foreign currency exchange fee per transaction.
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Airport terminals in the USA are one of the most reliable currency exchange providers if you’re looking to convert INR to USD. Having said that, the exchange rates are generally higher at airports than at other places. Make sure you check the current rate on a verified currency exchanger before agreeing to exchange currency on your trip to USA with TravelTriangle.
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Frequently Asked Questions About convert INR To USD
What is the Indian currency of $1?
$1 is equivalent to INR 71.9 as of today. The currency exchange rate can fluctuate.
How many dollars is 10 lakhs?
10 lakh is equivalent to 13,970 USD as of today. The currency exchange rate is subject to changes and fluctuations.
Where can I exchange Indian rupees for US dollars?
Some of the best places where one can exchange the currency are Currency Exchange International, Travelex Currency Services, Bank of America, Treasure Trove Currency Exchange, and AFEX.
Which bank gives best exchange rates from dollar to rupee?
The exchange rates are different for all the currency exchange service providers, and may vary from time to time. So, it is best to check first with the banks at the time of exchange, and then decide where to exchange the currency at.
Where can I exchange currency in US?
The easiest way to exchange currency when traveling to the US is at the airport. International airports have the option for exchanging currency, but the exchange fee is quite high here. If one is looking for more options then a few places are already mentioned above like Travelex Currency Services, Bank of America, and AFEX. Other than these, one can also withdraw US currency directly at the ATMs.
Can you exchange currency at any bank?
No, not all banks provide the services of currency exchange, so one cannot change or exchange the currency at any bank. There are limited banks which offer the services for example Bank of America and HDFC.
What is the fee for currency exchange?
The fee for currency exchange varies from one provider to another. It is not fixed, so it is better to research first and exchange one’s currency where the fee is minimum.
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