Trade calculator
Exporters convert at the bank's buying rate; importers pay at its selling rate. See the INR amount, the spread in paise over the reference rate and GST on conversion, for every bank side by side.
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GST is 18% on a notional value of the conversion service, not on the full amount. Check your bank's advice for the method it applies.
Reference ₹53.5156 per NZD · spread in paise per 1 NZD, against you
| Bank | Rate | Spread (paise) | Spread cost | INR value | GST | You receive |
|---|---|---|---|---|---|---|
| BoB Best Sheet 30 Oct, 01:00 pm | 53.00 | 51.6 | ₹5,156 | ₹5,30,000 | ₹567 | ₹5,29,433 |
| PNB Sheet 02 Nov, 04:00 pm | 53.00 | 51.6 | ₹5,156 | ₹5,30,000 | ₹567 | ₹5,29,433 |
| Barclays Sheet 02 Nov, 09:14 am · up to US$100,000 equivalent | 52.70 | 81.6 | ₹8,156 | ₹5,27,000 | ₹564 | ₹5,26,436 |
| Yes Sheet 02 Nov, 09:18 am · NRI remittances to India, buying only | 52.66 | 85.6 | ₹8,556 | ₹5,26,600 | ₹564 | ₹5,26,036 |
| Union Sheet 02 Nov, 09:30 am · up to US$5,000 or equivalent | 52.65 | 86.6 | ₹8,656 | ₹5,26,500 | ₹564 | ₹5,25,936 |
| ICICI Sheet 02 Nov, 02:25 pm · up to US$25,000 or equivalent | 52.27 | 124.6 | ₹12,456 | ₹5,22,700 | ₹560 | ₹5,22,140 |
| SBI Sheet 02 Nov, 09:02 am · ₹10–20 lakh deals | 52.16 | 135.6 | ₹13,556 | ₹5,21,600 | ₹559 | ₹5,21,041 |
| Deutsche Sheet fetched 02 Nov, 03:27 pm | 52.16 | 135.6 | ₹13,556 | ₹5,21,600 | ₹559 | ₹5,21,041 |
| Citi Sheet 02 Nov, 09:05 am | 52.1185 | 139.7 | ₹13,971 | ₹5,21,185 | ₹559 | ₹5,20,626 |
| IndusInd Sheet 02 Nov, 10:00 am · up to US$25,000 or equivalent | 52.02 | 149.6 | ₹14,956 | ₹5,20,200 | ₹558 | ₹5,19,642 |
| HSBC Sheet 02 Nov, 10:00 am · NRI services and remittances | 51.91 | 160.6 | ₹16,056 | ₹5,19,100 | ₹557 | ₹5,18,543 |
| J.P. Morgan Sheet fetched 02 Nov, 03:27 pm · up to US$5 million (corporate) | 51.89 | 162.6 | ₹16,256 | ₹5,18,900 | ₹557 | ₹5,18,343 |
| Kotak Sheet fetched 02 Nov, 03:27 pm | 51.81 | 170.6 | ₹17,056 | ₹5,18,100 | ₹556 | ₹5,17,544 |
| Axis Sheet fetched 02 Nov, 09:46 am · corporate card rates | 51.51 | 200.6 | ₹20,056 | ₹5,15,100 | ₹554 | ₹5,14,546 |
| HDFC Sheet 02 Nov, 01:39 pm · Retail & Trade up to ₹20 lakh | 51.16 | 235.6 | ₹23,556 | ₹5,11,600 | ₹550 | ₹5,11,050 |
Card rates are indicative and apply to each bank's stated deal size; the rate on your bank advice is final. Bank charges (SWIFT, FIRC) are not included.