Money Transfer Cost Calculator
Updated on 6 Nov 2026 · Checked by Aotob
Sending 1,000.00 USD, they receive 92,051.12 INR after all costs.
The real cost is 19.92 USD: a 5.00 USD fee plus 14.92 USD hidden in an exchange rate 1.5% below the mid-market rate of 93.9225.
They receive
92,051.12INR
This costs 2% of what you send, under the UN target of 3%.
Show the working
Rate you get = 93.9225 × (1 − 1.5%) = 92.5137
(1,000.00 − 5.00 fee) × 92.5137 = 92,051.12 INR
Typical costs by type of provider
| Provider type | Fee | Rate markup | They receive | Cost |
|---|---|---|---|---|
| Bank wire | 25 | 3% | 88,827.23 | 5.4% |
| Cash pickup service | 5 | 2.5% | 91,116.59 | 3% |
| Online transfer app | 2 | 0.6% | 93,172.27 | 0.8% |
Questions people ask
What is a rate markup?
Providers often give you a worse exchange rate than the mid-market rate and keep the difference. A “no fee” transfer can still cost 3% or more this way. Divide the rate you are offered by the mid-market rate to find it.
What does a transfer usually cost?
The World Bank tracks remittance prices worldwide. Banks are usually the most expensive and online transfer services the cheapest. The UN target is to bring the cost below 3% of the amount sent.
Where does the mid-market rate come from?
The European Central Bank reference rates for 6 Nov 2026, updated every working day. The UAE dirham uses its fixed peg to the US dollar.
Updated 6 Nov 2026Source: ECB reference rates and World Bank Remittance Prices WorldwideChecked by AotobProvider types in the table are typical examples, not quotes. Check the fee and rate before you send.Report an issue