Sending money to India from the UK is something I do regularly, and I’ve always kept a close eye on which service offers the best GBP to INR exchange rate. Recently, I used MoneyGram, and to my surprise, they offered a better exchange rate than the actual market rate.
Here’s a breakdown of my experience and what I discovered.
What Happened?
At the time of transfer, the market rate was around 1 GBP = 113.61 INR. However, MoneyGram offered me 1 GBP = 115.03 INR. Initially, I thought it was a mistake or maybe there would be hidden fees — but nope! I received the full amount with no deductions and no surprise charges.
The MoneyGram GBP to INR exchange rate gave me more value than any other service I’ve used so far.
Why Was the Rate Higher?
After digging a bit deeper, I found a few reasons why this happens:
- MoneyGram GBP to INR exchange rate promotions: They often run promos to stay competitive, especially for high-traffic corridors like UK to India.
- No hidden fees policy: Unlike many other services that hide costs in the exchange rate, MoneyGram was totally transparent.
- Currency hedging: They might have INR reserves from earlier when the rate was better, allowing them to offer a premium rate now.
This was not a glitch or a scam — just smart pricing strategy by MoneyGram.
My Actual Savings
Let’s say I sent £500:
- At market rate (113.61): ₹56,805
- With MoneyGram (115.03): ₹57,515
- Extra gain: ₹710
That’s ₹710 more in the recipient’s hands, which is no small amount when you factor in regular transfers.
Comparing With Other Platforms
For context, here’s how MoneyGram GBP to INR exchange rate stacked up against others:
| Platform | Exchange Rate | Fees | INR Received (on £500) |
|---|---|---|---|
| Wise | 113.45 | £2.50 | ₹56,400 (approx.) |
| Remitly | 113.20 | £1.99 | ₹56,200 (approx.) |
| MoneyGram | 115.03 | £0 | ₹57,515 |
Compare live rates to verify.
Final Verdict
If you’re looking for the best MoneyGram GBP to INR exchange rate, it’s definitely worth checking their platform — especially during promotional periods. The rate I received was genuinely higher than the market, and I saw zero hidden charges.
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Key Takeaway
Don’t always assume the market rate is the best deal. Sometimes, services like MoneyGram offer better-than-market GBP to INR exchange rates, and when they do, it’s a win for your wallet.
Have you had a similar experience? Drop it in the comments or tag us in your story!
