Compare today's SEK to INR (Swedish Krona to Indian Rupee) exchange rates
📈 Sweden to India Money Transfer Snapshot Today
- Best SEK to INR exchange rate today: INR 10.1693, offered by Western Union
- Number of money transfer providers compared: 17
- Exchange rate range: INR 9.8120 to INR 10.1693
- Potential savings on SEK 1000: INR 357.30
- Number of deals and promo codes: 8
- Mid-market
ⓘThe mid-market exchange rate (also called the interbank rate) is the real SEK to INR exchange rate before providers add their margin or fees. exchange rate: 1 SEK = INR 10.0693 (Updated about an hour ago)
See detailed Sweden to India money transfer comparison below.
Money Transfer Providers that matched the search criteria
📢 Get promotional rate on your first transfer
📢 Special exchange rate applied for first transfer
📢 Special exchange rate applied for first transfer
📢 B2B transfers only
📢 B2B transfers only
If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.
💡What today's SEK-INR exchange rates mean for you
Compare today's SEK-INR exchange rates and send money from Sweden to India after comparing numerous money transfer providers. Check the latest exchange rates, read detailed provider reviews, and discover deals and promo codes — all in one place.
RemitFinder compared 17 providers that you can rely on for Sweden to India money transfers today. Here is a summary of how the competition looks like right now:
Today's Most Competitive Sweden to India Providers
🥇 Western Union with 1 SEK = 10.1693 INR (best SEK to INR exchange rate today).
🥈 Profee offering 1 SEK = 10.1489 INR.
🥉 Regency FX & Key Currency are also providing good FX rate today.
The exchange rate provided by these 17 providers ranges from INR 9.8120 to INR 10.1693. For a SEK 1000 money transfer from Sweden to India, that could mean up to INR 357.30 saved on FX alone.
SEK-INR exchange rates fluctuate throughout the day, and top positions can change quickly. This volatility can significantly impact the final INR payout that your recipient gets in India.
That's why we recommend comparing money transfer providers to ensure you can maximize the value of your Sweden to India remittances.
🔄 Looking for the reverse corridor? Send money from India to Sweden instead.
Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Sweden.
👇 We also suggest looking beyond today's SEK-INR exchange rate — historical pricing trends show many factors that can affect the overall transfer cost of your transfer.
Whilst SEK-INR exchange rate is crucial, historical data shows that transfer fees, SEK amount sent and payment and delivery methods can also significantly influence your final payout.
Below, we analyze Sweden to India historical remittance data to help you understand where costs may arise and share some best practices to try to maximize your INR payout.
Data-driven cost insights for Sweden to India money transfers
When you send money internationally from Sweden to India, the key factors that will influence the overall cost of your transaction are:
- SEK-INR exchange rate
- Transfer fee
- Payment method
- Delivery method
Ideally, you would want to optimize these 4 factors to try to get the maximum INR payout for your overseas recipient in India.
Another counter-balancing aspect is money transfer speed. If you need to rush money from Sweden to India, you may have to compromise on some of the above factors whilst optimizing for speed.
To put this into a better perspective using a data-driven approach, we analyzed historical remittance pricing1 for Sweden to India money transfers to compare transfer costs, FX margins, fees, and payment and delivery methods across providers.
This analysis is based on 498 actual Sweden to India money transfers handled by 14 providers over the last 5 years (for a SEK 1700 remittance benchmark).
This data-driven approach using real SEK-INR transfer data provides useful insights into identifying the lowest-cost payment and delivery combinations, thereby helping you reduce costs and maximize the amount received.
Before we deep dive, here are the key trends from our analysis, summarized in an easy to read format.
📌 Key insights for Sweden to India money transfers
- Average total cost: 6.37% (range -0.13% to 34.24%, spread 34.37 percentage points)
- Potential payout difference: On a SEK 1700 transfer, the above variation can save you up to SEK 584.29.
- Average FX markup: 2.78% (range -0.26%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. to 19.18%, spread 19.44 percentage points) - Average transfer fee: SEK 61.05 (range SEK 0.00 to SEK 550.00)
- Cheapest payment/delivery method combo: Debit Card → Bank Deposit (3.21% avg cost); most expensive is Cash → Cash Pickup (12.42%)
- Payment/delivery method choice impact: Cheapest vs most expensive combo saves 9.22% (SEK 156.68 on SEK 1700 transfer).
- Market coverage: ~14 providers on average (competition level: competitive)
- Average speed: About 20 hours
🛠️ Key takeaway: Compare providers using both exchange rate and fees, then optimize your payment and delivery methods to reduce total cost.
Below, we provide detailed data-driven insights on various factors that influence the total cost of your Sweden to India money transfers.
📈 SEK to INR exchange rate is often the biggest driver of both cost and payout
The exchange rate on your Sweden to India money transfers is usually the single biggest factor that will determine your overall SEK cost and your recipient's INR payout.
To analyze exchange rates, we will rely on the exchange rate markup (also called FX margin) which is the difference between the mid-market exchange rate
Based on historical pricing data for a SEK 1700 money transfer benchmark, we see the following FX markup ranges for Swedish Krona to India transfers:
- Average markup: 2.78%
- Median markup: 1.98%
- Lowest markup: -0.26%
ⓘA negative markup generally represents a promotional exchange rate whereby a provider offers an exchange rate that is even higher than the mid-market rate, often on smaller amounts. - Highest markup: 19.18%
That is a spread of 19.44 percentage points between the lowest and highest observed FX markups.
To put this into perspective, on a SEK 1700 transfer, the above markup range is equivalent to roughly INR 330.48 purely from differences in the exchange rate. That incremental saving increases to INR 835.92 for a SEK 4300 transfer.
🛠️ How to use this insight: When comparing providers for Sweden to India remittances, pay close attention to the exchange rate you receive. A small difference in the FX markup can quickly outweigh other factors like fees, and the gap generally grows as transfer amounts increase.
SEK to INR exchange rate can be the single most critical factor that determines the cost of your transfer. When comparing providers, keep an eye on the rate you will get.
💰 Transfer fees affect your total Sweden to India remittance cost
Whilst exchange rate is a major factor affecting total transfer cost, the transfer fee can also have a big impact on how much of your Swedish Krona reaches your recipient in India.
Based on data from last 5 years, we notice the below about Swedish Krona to India money transfer fees:
- Average fee: SEK 61.05
- Median fee: SEK 30.00
- Lowest fee: SEK 0.00
- Highest fee: SEK 550.00
The average fee amount of SEK 61.05 noted above represents 3.59% of the total amount sent.
Also note that even if two providers provide the same exchange rate, a best vs worst case transfer fee can increase the payout by SEK 550.00.
🛠️ How to use this insight: For your next money transfer from Sweden to Indian Rupee, look for providers that provide lower (or even 0) fees.
One caveat to this, though, is something called the hidden fee. Some providers may hide their real fees by offering a 0 or low fee, but providing a lower exchange rate. The money lost due to an inferior FX rate affects your bottom line and is referred to as a hidden fee. Therefore, you should also keep an eye on rates whilst paying attention to fees.
Another point that you should keep in mind is that for larger transfers, fixed fees become a lesser percentage of total amount. But for smaller transfers, fees can be a major part of total cost.
💸 Payment and delivery methods matter for SEK-INR remittances
Based on our detailed analysis of historical Sweden to India data, we see consistent variation in overall cost amongst the payment method and delivery method you choose.
Here is the average cost for popular payment methods used to send money to India from Sweden:
- Credit Card: 4.33%
- Debit Card: 4.52%
- Bank Account Transfer: 7.78%
- Cash: 12.42%
That is a total spread of 8.09 percentage points.
This means that on a SEK 1700 transfer, you could save up to SEK 137.54 simply by choosing the best priced payment method.
These savings will only multiply for higher SEK amounts.
Here is the average cost of popular delivery methods used to send money from Sweden to India:
- Bank Deposit: 5.67%
- Cash Pickup: 7.51%
The cost difference between the above delivery methods is 1.84 percentage points.
Once again, this means that you could save up to SEK 31.24 on a SEK 1700 transfer to India by choosing Bank Deposit versus Cash Pickup.
As you can imagine, the possible combinations of Sweden payment methods and India delivery methods will all have disparate cost. Let us look at that next.
Here is a summary of the average cost of payment and delivery method combinations for Sweden to INR money transfers.
| Payment Method | Delivery Method | Average Cost (%) |
|---|---|---|
| Debit Card | Bank Deposit | 3.21 |
| Credit Card | Bank Deposit | 3.24 |
| Bank Account Transfer | Cash Pickup | 5.87 |
| Credit Card | Cash Pickup | 6.10 |
| Debit Card | Cash Pickup | 6.36 |
| Bank Account Transfer | Bank Deposit | 8.19 |
| Cash | Cash Pickup | 12.42 |
Sorted by Average Cost % (cheapest to most expensive).
As you can see, the difference between these SEK-INR payment and delivery options is significant. Here are some observations:
- Debit Card → Bank Deposit has the lowest average cost at 3.21%.
- Cash → Cash Pickup has the highest average cost at 12.42%.
- Debit Card → Bank Deposit average cost is 9.22 percentage points lower than that of Cash → Cash Pickup.
- This means that on a SEK 1700 money transfer, you could save up to SEK 211.20 simply by choosing the best payment and delivery method combo.
- Further, on a SEK 4300 money transfer, the savings increase to SEK 534.21.
Here is a quick summary of the average historical cost of various payment and delivery methods for SEK to India money transfers.
💸 Cheapest payment and delivery methods (data-backed)
- Cheapest payment method: Credit Card averaged 4.33%, compared to 12.42% for Cash, a difference of 8.09 percentage points.
- Cheapest delivery method: Bank Deposit averaged 5.67%, compared to 7.51% for Cash Pickup (1.84 percentage points higher).
- Cheapest combo: Debit Card → Bank Deposit averaged 3.21%, which is 9.22 percentage points lower than Cash → Cash Pickup (12.42%).
🛠️ How to use this insight: As you compare money transfer providers for your next Sweden to India international money transfer, strive to pair the lowest-cost payment method with the lowest-cost delivery method.
This can help you avoid the pitfall of "great exchange rate, expensive methods".
You can save money on your Sweden to India remittances by carefully choosing the most economical payment and delivery methods.
🏦 Are banks more expensive than money transfer providers for SEK-INR remittances?
When we compared Sweden banks with money transfer providers based on 5 years of remittance data, we noticed some patterns.
We observed that traditional banks charged 5.93 percentage points more on average than money transfer providers for Sweden to India remittances.
This means banks tend to be approximately 2.10x more expensive than money transfer companies.
Here are the key stats behind this comparison:
| Banks | MTOs^ | Difference | |
|---|---|---|---|
| Average transfer fee | SEK 161.93 | SEK 40.87 | SEK 121.06 |
| Exchange rate markup | 1.78% | 2.98% | -1.19 pp* |
| Average total cost (%) | 11.31% | 5.38% | 5.93 pp* |
^MTO: Money transfer operator, a commonly used term for a money transfer provider
*Percentage points
🛠️ How to use this insight: Whilst banks in Sweden may offer convenience and familiarity, money transfer providers often deliver lower overall cost due to their better exchange rates and lower fees. Even if you want to send money overseas with your bank in Sweden, we recommend comparing with money transfer companies to find your best options.
📊 Does sending more money reduce the cost of SEK-INR money transfers?
To see if transfer cost varies based on the amount sent, we compared the average cost of sending SEK 1700 vs SEK 4300 from Sweden to India.
We found that sending a higher amount (SEK 4300) tends to be cheaper - average cost drops from 6.37% to 4.40%, a reduction of 1.97 percentage points.
The cost of your transfer usually continues to drop as transfer amount increases. That said, always check the latest exchange rates and fees for your intended transfer amount.
🛠️ How to use this insight: Since it is generally cheaper to send higher Swedish Krona amounts to India, consider consolidating smaller, more frequent transfers into fewer, larger ones. Doing so may reduce the total cost you pay.
🏛 How competitive is the Sweden to India remittance market?
Based on data from the last 5 years, SEK-INR money transfers are provided on an average by 14 remittance companies. With around 14 providers serving this market, we consider the level of competition to be competitive.
Traditional banks have represented only 28.6% of active providers in this corridor (4 out of 14), meaning money transfer companies make up the majority.
The good news is that you can currently compare 17 providers on RemitFinder for SEK-INR transfers. This is a higher number of money transfer companies to choose from as compared to prior years.
A remittance market with more active providers is typically more competitive. This means you can get a better pricing and more payment and delivery options for your Sweden to India remittances.
⏱️ How fast are SEK-INR money transfers?
If your recipient in India needs funds urgently, you may need to optimize your transfer for speed.
Here is what we see for Sweden to India transfers when it comes to processing time:
- Average transfer time: About 20 hours.
- Fastest transfer time: About less than 1 hour.
- Slowest transfer time: About 144 hours (~6.0 days).
- Average speed at SEK 1700: About 20 hours.
- Average speed at SEK 4300: About 20 hours.
Banks vs money transfer providers speed comparison: Banks take 42 hours longer on average than money transfer providers.
🛠️ How to use this insight: If you need to send money from Sweden to India in a hurry, compare providers not just on exchange rate, but also on expected speed. Speed also varies based on the delivery method (bank vs cash vs wallet) you choose for India.
Sweden to India transfer speed varies across providers, so compare transfer speed along with cost for time-sensitive money transfers. In addition, pick the fastest payment and delivery methods for faster processing.
Frequently Asked Questions about Sweden to India money transfers
These FAQs use data from RemitFinder's historical analysis of Sweden to India money transfers over several years.
What factors affect the total cost of sending money from Sweden to India?
The total cost of your SEK-INR money transfer depends on how you fund the transaction (payment method), how the recipient receives it (delivery method), the exchange rate you get, and any transfer fee charged by the provider.
To avoid overpaying for your transfer, compare money transfer providers.
How much does the exchange rate affect Sweden to India transfers?
Historical SEK to INR exchange rate markup ranges from -0.26% to 19.18%, a spread of 19.44 percentage points. Even small differences in the exchange rate markup can impact your final payout significantly.
Can SEK-INR exchange rate markup be negative?
Sometimes, money transfer providers may offer promotional exchange rates that are better than the mid-market exchange rate, resulting in a negative SEK-INR exchange rate markup.
Such offers are generally limited by transfer amount, eligibility, or duration. Compare providers to see if you can take advantage of any ongoing special offers.
Is the exchange rate or the transfer fee more important for Sweden to India transfers?
Exchange rate markup ranges from -0.26% to 19.18% (a spread of 19.44 percentage points).
Transfer fees range from SEK 0.00 to SEK 550.00, which equals roughly 32.35% on a SEK 1700.00 transfer.
At SEK 1700.00, the larger driver of overall cost is the transfer fee, whilst at SEK 4300.00, it shifts toward exchange rate markup.
Regardless, our recommendation is that it is important to compare both exchange rates and fees when choosing a provider for Sweden to India transfers.
As the transfer amount increases, the % impact of fees decreases (because the fee gets spread across a larger SEK amount), whilst exchange rate markup remains a percentage-based cost that can scale with transfer size.
For smaller transfers, fees can matter more, whilst for larger transfers, exchange rate often becomes the bigger driver. Either way, comparing both helps you get the most INR for your SEK.
How much can Sweden to India transfer costs vary between providers?
Historical transfer cost ranges from -0.13% to 34.24% for SEK transfers to India. That is a spread of 34.37 percentage points, meaning significant differences between various money transfer providers.
A major contributor to this variation is exchange rate markup. FX markup alone ranges from -0.26% to 19.18% (a spread of 19.44 percentage points). Thus, even small differences in FX margin can have a big impact on the final INR payout.
Why do various money transfer providers price SEK to India transfers differently?
If you send the same Swedish Krona amount to India via different providers, the cost of each transfer will be different because of variations in FX markup, fees, and payment and delivery methods.
Even small differences among all the above factors can change the final INR payout in India in a big way.
How stable are transfer costs in the Sweden to India corridor?
When we analyzed the historical total cost for SEK-INR transfers, we observed a range from -0.13% to 34.24% (34.37 percentage points difference), along with a variability (standard deviation) of 6.09%.
A major driver of cost in this market is exchange rate markup. FX markup ranges from -0.26% to 19.18% (19.44 percentage points difference), with a standard deviation of 2.65%. Fees and payment/delivery method choices can contribute to further volatility.
This is exactly why we recommend comparing money transfer providers to get the most of your SEK-INR transfers.
Which payment method is cheapest for Sweden to India remittances?
Credit Card is the cheapest payment method in Sweden based on its average cost at 4.33% (compared to Cash at 12.42%, a difference of 8.09 percentage points).
Based on this, we recommend paying for your SEK transfer with Credit Card, and avoiding Cash if possible.
Is Debit Card cheaper than Credit Card for Sweden to India transfers?
Credit Card is cheaper on average when sending money to India from Sweden since it costs 4.52% (compared to 4.33% for Credit Card payments, a difference of 0.19 percentage points).
As a result, we recommend that you avoid paying for your transfer to India with a Credit Card.
Which delivery method is cheapest for SEK-INR money transfers?
Bank Deposit is the cheapest delivery method in India as it costs 5.67% (compared to Cash Pickup at 7.51%, a spread of 1.84 percentage points).
If your recipient in India can accept Bank Deposit, we recommend choosing it as your preferred delivery option for SEK-INR transfers.
Is Bank Deposit cheaper than Cash Pickup for Sweden to India transfers?
Bank Deposit is cheaper for transfers to India given its 5.67% average cost (versus 7.51% for Cash Pickup, a difference of 1.84 percentage points).
To save more, consider choosing the cheapest delivery option for India.
What is the cheapest way to send money from Sweden to India?
We evaluated 7 payment and delivery method combinations for Sweden to India remittances.
Based on historical data, Debit Card → Bank Deposit is the cheapest combination with 3.21% cost.
At the other end of the spectrum, Cash → Cash Pickup is the most expensive combination at 12.42% cost. That is a difference of 9.22 percentage points between the cheapest and most expensive combinations.
Money transfer providers tend to price payment and delivery methods for Sweden to India remittances differently. As you compare options, look for the cheapest payment-delivery method combo to maximize the value of your SEK-INR transfers.
Does sending more money reduce the cost for Sweden to India transfers?
Larger SEK-INR transfers are cheaper on average.
The cost of a SEK 1700 transfer averages 6.37% as compared to 4.40% for a SEK 4300 transfer, a difference of 1.97 percentage points.
How long does it take to send money from Sweden to India?
Based on our analysis, the average transfer time for SEK-INR transfers is 20 hours, with the fastest transfers completing in less than one hour and the slowest in 144 hours (~6.0 days).
Are instant transfers available from Sweden to India?
Yes, historical data shows that some transfers to India from Sweden can complete in less than one hour.
Note that the actual speed of your SEK-INR transfer will depend on the chosen provider, payment method, delivery method, and eligibility checks.
Are banks more expensive than money transfer companies for Sweden to India?
Banks in Sweden are more expensive than money transfer providers.
The average cost of banks is 11.31% compared to 5.38% for money transfer providers in Sweden, a difference of 5.93 percentage points.
Why do banks charge more for Sweden to India transfers?
Bank transfers in Sweden cost 11.31% compared to 5.38% for money transfer companies.
The difference is often due to the fact that banks in Sweden provider lower exchange rates and charge high wire transfer fees.
How competitive is the Sweden to India remittance market?
Based on historical data, the competition level in Sweden to India is considered competitive with 14 active providers.
Money transfer providers represent about 71.4% of identified providers in Sweden.
Do I risk overpaying if I do not compare providers for Sweden to India?
Historically, total SEK-INR transfer cost has varied by 34.37 percentage points. On a SEK 1700 transfer, that can translate to SEK 584.29 in savings.
SEK-INR exchange rate markup also varies across providers. The average markup spread has been about 19.44 percentage points. On a SEK 1700 transfer, that could be SEK 330.48 saved from FX alone.
Fees can also make a big difference in this market, with a difference of about SEK 550.00 across providers.
That is why comparing providers can materially change how much of the SEK you send does your recipient receive in India in India.
Latest SEK to INR Conversion Rates
Here are some latest SEK to INR (Swedish Krona to Indian Rupee) exchange rates for popular conversion amounts*.
| 1 SEK | 10.07 INR |
| 5 SEK | 50.35 INR |
| 10 SEK | 100.69 INR |
| 25 SEK | 251.73 INR |
| 50 SEK | 503.47 INR |
| 100 SEK | 1,006.93 INR |
| 150 SEK | 1,510.40 INR |
| 200 SEK | 2,013.86 INR |
| 250 SEK | 2,517.33 INR |
| 300 SEK | 3,020.79 INR |
| 400 SEK | 4,027.72 INR |
| 500 SEK | 5,034.65 INR |
| 600 SEK | 6,041.58 INR |
| 700 SEK | 7,048.51 INR |
| 800 SEK | 8,055.44 INR |
| 1000 SEK | 10,069.30 INR |
| 1500 SEK | 15,103.95 INR |
| 2000 SEK | 20,138.60 INR |
| 2500 SEK | 25,173.25 INR |
| 3000 SEK | 30,207.90 INR |
| 4000 SEK | 40,277.20 INR |
| 5000 SEK | 50,346.50 INR |
| 10000 SEK | 100,693.00 INR |
| 15000 SEK | 151,039.50 INR |
| 20000 SEK | 201,386.00 INR |
| 30000 SEK | 302,079.00 INR |
| 40000 SEK | 402,772.00 INR |
| 50000 SEK | 503,465.00 INR |
| 100000 SEK | 1,006,930.00 INR |
*Based on the Mid-market Exchange Rate
Other popular countries to send money from Sweden
- Send money from Sweden to Bangladesh
- Send money from Sweden to Belgium
- Send money from Sweden to China
- Send money from Sweden to Egypt
- Send money from Sweden to France
- Send money from Sweden to Germany
- Send money from Sweden to Guatemala
- Send money from Sweden to Indonesia
- Send money from Sweden to Italy
- Send money from Sweden to Mexico
- Send money from Sweden to Nigeria
- Send money from Sweden to Pakistan
- Send money from Sweden to Philippines
- Send money from Sweden to Ukraine
- Send money from Sweden to Vietnam
1 Based on 498 pricing observations across 14 firms over the last 5 years for a SEK 1700 money transfer from Sweden to India. Data Source: The World Bank, Remittance Prices Worldwide, available at http://remittanceprices.worldbank.org.
How we analyze remittance data?
Insights are derived from the World Bank's Remittance Prices Worldwide dataset, which collects standardized provider pricing information at defined transfer amounts.
We aggregate this data across multiple providers and multi-year periods to calculate averages, medians, and variability measures in order to identify consistent pricing patterns for the Sweden to India remittance corridor.
RemitFinder does not modify the underlying World Bank data. The analysis presented here is independently calculated from published datasets and is intended for informational and comparison purposes only.