Last 90 days
Mid-market (interbank) reference rate. This is the rate banks and transfer services quote against — it is not a rate you can transact at, and every provider adds a margin to it.
Typical provider margins
Operator-reviewed figures, each stamped with the date it was last checked. These are typical margins, not live quotes — always confirm the exact rate in the provider's own app before you send.
| Provider | Note | Typical margin | Reviewed |
|---|
Why the rate you get is never this one
Every provider builds its fee into the exchange rate as well as (or instead of) a visible charge. A transfer advertised as "zero fees" is usually one where the whole margin sits in the rate, which is why comparing advertised fees tells you almost nothing.
The only comparison that means anything: take what actually landed in the destination account, divide by what left yours, and compare that to the mid-market rate on the day you sent it — the number above, historically. Everything else is marketing.
The Receipt does that arithmetic for you: upload a bank export, and it finds your transfers automatically and prices the spread against the mid-market rate for the exact day of each one.
Sending money to India from Canada
If you are salaried in CAD and supporting family in INR, the spread is not a one-off cost — it is a recurring one, usually monthly, usually unexamined. Two percent on a monthly transfer is a fortnight's groceries a year.
Worth knowing: no bank aggregator covers NRI accounts. India's Account Aggregator framework does not reach them, so no budgeting app can auto-sync your Indian bank, whatever it claims. Orbiq handles that corridor by reading the statement — CSV, OFX, PDF or a screenshot — rather than pretending a connection exists.