Use of ICICI money2india is not good. My sister lives in the US and she had to transfer me the money from her paypal account. The amount was around $480. All that I got is 480 * 41 = 19680. This is extremely bad. What I am supposed to get is 480 * 44.5 = 21360. This is about 1700 Rs more that I lost. Hey guys. Please suggest if there is something better then ICICI money2india. Please suggest some good payment mechanism from outside hte world to India
Who told you that you are supposed to get 480*44.50 As far as i know current exchange rate is around 41.
U should not b disappointed.Presently $ rate is going low and 41 INR /$ is not a bad deal. Lol,who is giving u 44.5 INR/$?
Please come out of your dreams and have a look here for the current exchange rates: http://forums.digitalpoint.com/showthread.php?t=297326 We all have been discussing the matter for more than 3 weeks now. Al
Oh gawd. Thank you all. I thought it was 44.5 as per my previuos experience. This is Hilalrious. Gawd knows whats happening in INDIA. Hmm so I think money2india is the best service for payment processing to recieve in India
Exchange rates goes up and down daily. Sometimes, the rates you see are interbank rates which do not apply to mere mortals such as us. It is the rates that bank charges other banks. Of course, in between all the intermediaries involved in the transfer will inevitably wants to earn something in the way of commission in order to pay for expenses and make a profit.
Could you please explain that. In what way is XOOM better and reliable. I find money2india reliable as I got the money . . I have never heard of XOOM. Could you tell me if it has better outcome in terms of income exchange rate and popularity and reliablity.
Well now Rupees going more high and high in compare to US $ and this is last 10 year high for Indian Ruppes. Today rate was closed on 40.75 Rs per $. That means banks will give lower than 40 Rs. So its great rate at the moments. We have to wait for more days to get higher exchanges rates.
no it dose not mean, economy don't run at exchange rate, rather it runs on what you get from that money! $1 can buy you a lot of stuffs, but then Rs 1 can buy us nothing! the exchange rate is about 39 now, you should actually be happy about the transaction! and it looks like it will go further down
Actually according to a finance article I was reading the buying power of $1 in the US has the same buying power as Rs. 10. Hence if you had $500 in the US, in actual conversion it would be around Rs. 19, 500 which has the same buying power as $1950 Hence, $500 in US = $1950 in India (Buying Power) Hope that Explains PS: If you were to shift to India you would become approximately 4 times richer!!
Original post...... What I am supposed to get is 480 * 44.5 = 21360. This is about 1700 Rs more that I lost. My Reply.. ) ) Who told you that u will get Rs 44.5 for a Dollar ????????