How to send money to Spain from India with the best INR-EUR rate
Compare the best deals on transfers from India to Spain. Explore the cheapest, fastest, and most reliable providers with the best INR to EUR exchange rates.
Read on for the insights and in-depth analysis, and all you need to send money to Spain from India.
Transferring the other way? Send EUR from Spain to India instead.
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"Currencies Direct have over 30 years of global money transfer expertise. Award winning service with a TrustPilot rating of 4.9. Lock-in rates for the future or trade 24/7 on web or mobile."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 16 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
Overall top choice: Wise
Of the 2 money transfer providers we tested and reviewed, Wise was a standout option for its combination of speed and cost.
Sending 600,000 INR to EUR will cost you ₹7094.29 in fees, and you will receive 5,614.22 EUR.
When sending money from India to Spain, using Wise in a great option.
How to get the best deal on sending money from India to Spain
Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from India to Spain.
Choose a provider
Select the provider that offers you the best value on buying EUR & service for your needs.
Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Summary of recent searches
Considerations to make when sending money from India to Spain
Comparing the different providers offering services between India and Spain, is the best way to send money with confidence.
The 2 providers we've compared ensures you will get the best options for your transfer to Spain from India. By taking the time to compare you can save yourself in the region of 3% of the total transfer amount.
Whilst we rate Wise as the best overall, comparing gives you a comprehensive view of all the options for transferring Indian Rupee to Spain.
Cheapest way to send money to Spain from India: Currencies Direct
The cost is a combination of a fee of 0 INR and an exchange rate for converting Indian Rupee to Euro that is 0.72% different to the mid-market rate.
We found that Currencies Direct is 0.49% cheaper than the second-best option.
We would recommend Currencies Direct for low cost, affordable transfers from Euros to Spain.
Fastest company to send money to Spain from India: Currencies Direct.
Right now, if you are sending ₹600,000 with Currencies Direct to Spain, the transfer time is minutes - 24 hours. This can vary depending on your needs, but it's the fastest option.
Sending money through Currencies Direct to Spain from India has a fee of 0 INR.
To understand who was the fastest, we tested Currencies Direct as part of 2 money transfer providers. Within this, we looked at the overall speed of sending money from India to Spain. This was made up of transfer times to Spain after Indian Rupees were added to a money transfer account.
When fast money transfers between India and Spain are a priority, Currencies Direct is our recommended choice.
Transfer a large amount of money
Wise is the strongest option for large transfers of the 2 money transfer companies tested.
Whatever the reason is for the transfer, sending large amounts of money from India to Spain can become expensive through your bank or with the wrong provider.
Our data shows Wise as the best choice for sending large sums of money to Spain from India.
Understanding the cost of transferring money to Spain from India
Fees and exchange rates make up the total cost of sending money from Spain to Spain. Finding a company that can offer both ensures a good deal on your transfer.
The Mid-Market and Exchange Rates: The current INR-EUR mid-market rate is 0.0094 EUR per Indian Rupee. You will get more Euro for your Indian Rupees if you find a provider close to this number.
For context, over the last 7 days the INR-EUR mid-market rate has had a high of 0.0096, a low of 0.0095 and averaged 0.0095 EUR per Indian Rupee.
Across the 2 companies compared, the best exchange rate is with Wise.
Unless fees are unusually high, the exchange rate you receive on converting INR to EUR will be the biggest determining factor when working out the cost of transferring Indian Rupees to Spain.
Fees: Transfer fees are charged as part of the transfer. Currencies Direct charges the lowest fee of 0 INR at the moment. We’d always recommend comparing providers for your exact send amount as fees may change.
Amount Received: Money transfer companies will show you the amount of Euro eventually received in Spain. You can assume that a lower cost of sending from India will result in more money received in Spain.
Getting the best exchange rate for Indian Rupee to Euro
Tracking the mid-market rate can make a huge difference when sending money INR to EUR. The exchange rate you secure impacts how much EUR you get for your INR.
Here's some data on recent trends in the mid-market rate.
Over the past 7 days, the interbank rate from INR to EUR has seen some fluctuation. On average, it has been 0.0095.
During this period, the highest value level was 0.0096, with a low of 0.0095.
Wise, which is our recommended service to send money online from India to Spain offers an exchange rate that is only -0.34% above the mid-market rate.
Want to secure the best INR-Euro exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from India to Spain!
Payment methods for India to Spain transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from India to Spain.
By opting for a money transfer company such as Currencies Direct for transfers from India to Spain, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Currencies Direct is the cheapest provider for bank transfers from the 2 we tested when sending INR to Spain.
With a fee of INR0 to send money from India to Spain, Currencies Direct offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from India to Spain is easy with .
is a market leader in debit card payments for transfers from India to Spain, this is among a total of 2 money transfer companies compared.
Credit card transfers
When it comes to credit card transfers from India to Spain, we to get the best deal as not many companies offer direct credit card deposits.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Spain and India.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from India to Spain.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send INR to EUR.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
Related transfer routes
Send money from India
Send money to Spain
How much money can be transferred from India to Spain?
Are there any tax implications to sending money from India to Spain?
Can I send money from India to Spain with MoneyTransfers.com?
What are the typical transfer fees for sending Indian Rupees to Spain through various providers?
How long does it take to send money from India to Spain?
What is the best exchange rate I can get for sending money from India to Spain?
Are there any minimum or maximum transfer amounts for sending money from India to Spain?
Can I schedule regular transfers between India and Spain?
Tools & resources
Contributors
