What currencies have the best exchange rates on Remitly right now?

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Wondering **which currencies offer the most favorable exchange rates on Remitly right now**? For new users, Remitly is currently offering attractive **promotional rates** such as approximately **₹87.93 per USD** for Indian rupees , **₱57.87 per USD** for Philippine pesos US dollars to Indian rupees](https://www.remitly.com/us/en/currency-converter/usd-to-inr-rate?utm_source=chatgpt.com)** · *remitly.com* > Remitly offers dependable exchange rates for USD to INR with no hidden fees. Join today and get a promotional rate of 87.93 INR to 1 USD on your first money ... , **₱57.87 per USD** for Philippine pesos citeturn0search3, and **0.7435 GBP per USD** for British pounds os](https://www.remitly.com/us/en/currency-converter/usd-to-php-rate?utm_source=chatgpt.com)** · *Remitly* > Remitly offers dependable exchange rates for USD to PHP with no hidden fees. Join today and get a promotional rate of 57.96 PHP to 1 USD on your first money ... , and **0.7435 GBP per USD** for British pounds . These promotional rates provide a great opportunity to maximize value—particularly for those sending to Indiase sending to India, the Philippines, or the UK.

It’s important to note, though, that these premium rates are typically **limited to first-time transfers** and may apply only up to certain amounts . After that, transferser costs: complete guide [2025] - Wise](https://wise.com/us/blog/remitly-fees?utm_source=chatgpt.com)** · *wise.com* · 2025/5/9 > You can access a promotional exchange rate for your first transfer. This is equal to or even slightly above the 'fair' mid-market rate – and ... > **[USD to PEN Exchange Rates - Convert US dollars to PEN - Remitly](https://www.remitly.com/us/en/currency-converter/usd-to-pen-rate?utm_source=chatgpt.com)** · *Remitly* > Remitly offers dependable exchange rates for USD to PEN with no hidden fees. Join today and get a promotional rate of 3.4965 PEN to 1 USD on your first money ... . After that, transfers revert to Remitly’s regular rates, which often include a one-time fee and may come with less favorable conversion spreads cite**In summary:** If you’re a new customer looking for the best bang for your buck, remitog/remitly-fees?utm_source=chatgpt.com)** · *Wise* · 2025/5/9 > You can access a promotional exchange rate for your first transfer. This is equal to or even slightly above the 'fair' mid-market rate – and ... .

**In summary:** If you’re a new customer looking for the best bang for your buck, remit to currencies like INR, PHP, or GBP to benefit from current promotional rates. But after the promo ends, compare goals and costs—because for subsequent transfers, Remitly’s regular rates may not be as competitive.

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Does Remitly lock in the exchange rate at the time of transfer?

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When sending money abroad, one of the most common questions is: does Remitly lock in the exchange rate at the time of transfer? The answer is yes. Remitly ensures that the exchange rate you see when you confirm your transfer is the exact rate your recipient will receive, offering peace of mind and transparency for customers.

This locked-in exchange rate means you don’t need to worry about fluctuations while your transfer is being processed. Currency markets can change by the minute, but with Remitly’s guarantee, your recipient receives the promised amount, no matter what happens afterward. This is especially helpful for families relying on consistent support from abroad.

In addition, Remitly displays fees and rates upfront, so there are no hidden surprises. Customers can choose from delivery options such as bank deposits, mobile wallets, or cash pickup, knowing the exchange rate is secured at the time of sending. For anyone looking for reliability and trust in international money transfers, Remitly’s locked-in rates make the process simpler and safer.

How do Remitly exchange rates compare with Western Union?

When sending money internationally, exchange rates play a crucial role in determining how much the recipient will receive. Two popular remittance services, Remitly and Western Union, are often compared for their competitive exchange rates.

Remitly offers competitive exchange rates, often providing better rates than traditional bank transfers. This is because Remitly works with local partners, allowing for more flexibility in offering favorable exchange rates for specific countries. Furthermore, Remitly frequently runs promotions or offers, enhancing the value of the transfer.

Western Union, on the other hand, is known for its global reach and reliable service. While its exchange rates are typically competitive, they might not always be as favorable as Remitly's in specific corridors. Western Union tends to have higher fees, which can sometimes offset any advantages in exchange rates.

Ultimately, if you're looking for a money transfer service with more favorable exchange rates and lower fees, Remitly is often a better choice. However, Western Union may still be ideal for those needing extensive global coverage and trusted service.

Can Remitly exchange rates fluctuate after initiating a transfer?

When using Remitly for international money transfers, many customers wonder if exchange rates can fluctuate after initiating a transfer. The answer is yes, exchange rates can change, but it depends on the type of transfer you choose. Remitly offers two primary transfer options: Express and Economy.

For Express transfers, the exchange rate is locked at the time of the transaction, ensuring that the rate will remain fixed until the transfer is completed. However, with Economy transfers, the exchange rate is subject to change during the processing time, which could affect the final amount received by the recipient.

It's important to keep this in mind when sending money through Remitly, especially if you’re using the Economy option. To avoid surprises, consider checking the current exchange rate before sending a transfer and plan accordingly. Remitly provides a real-time exchange rate calculator to help customers stay informed about the most current rates.

In summary, while exchange rates can fluctuate for certain transfer types, Remitly’s tools and transparency help you manage and predict your transfer costs effectively. Always review your options to choose the best one for your needs.

Is there a margin or markup added to the mid-market exchange rate on Remitly?

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When sending money abroad, one of the most important factors to consider is the exchange rate. Many money transfer services advertise competitive rates, but it’s important to know if a margin or markup is applied. For users of Remitly, this question is especially relevant because even a small difference in rates can significantly affect the final amount your recipient receives.

Remitly typically adds a margin to the mid-market exchange rate. The mid-market rate, also known as the interbank rate, is the real rate you see on financial platforms like Reuters or Google. To cover costs and ensure profit, Remitly adjusts this rate slightly, creating a difference between the rate they offer and the true mid-market rate. This margin varies depending on the currency pair and delivery option chosen.

While Remitly does charge transfer fees, the markup on exchange rates often makes up a significant part of the cost. For transparency, customers should always compare Remitly’s offered rate with the live mid-market rate before completing a transfer. By understanding these margins, you can make more informed decisions and ensure that your loved ones receive the maximum value from your remittance.

 

 

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