# ExchangeRateIQ — Compare Money Transfer & Remit

> Compares international money transfer exchange rates and fees. (iPhone/iPad app by READY BYTES SOFTWARE LABS PRIVATE LIMITED.)

- Source: https://appshunter.io/ios/app/exchangerateiq/id1296559173 (this page in markdown: same URL + `.md`)
- Developer: [READY BYTES SOFTWARE LABS PRIVATE LIMITED](https://appshunter.io/developer/1296559172)
- Category: Finance
- Price: Free
- Rating: 5.00/5 from 1 App Store ratings · 1 written reviews indexed
- Age rating: 4+
- Requires: iOS 10.0 · 25 MB
- Languages: American English
- Released: 2017-11-09
- Data updated: 2026-06-01
- Monetization: free
- User reviews in markdown: https://appshunter.io/ios/app/exchangerateiq/id1296559173/reviews.md

## What is ExchangeRateIQ?

ExchangeRateIQ helps you discover the best way to send money across the globe.

To find the best exchange rates for sending money simply download the app and setup the sending country, the receiving country and the amount you wish to send. Once setup Exchange Rate IQ automatically searches for all available money transfer companies and banks to find out the current exchange rate they are offering. It also checks and update the fees against each remittance provider. 

Based on the fees and exchange rates we calculate what we call, a realized exchange rate. A realized exchange rate is calculated after equally distributing the applicable fees on the total amount to discover the actual currency rate you would get after including the fees.

Clicking on details would give you more details about the money transfer company. Considering most suitable option for you may vary depending on following parameters -
- Pay-In Method
- Pay-Out Method
- Transfer Option : Fixed / Indicative
- Transfer Time

Once you have identified the money transfer company you would like to send money with, simply click send now button and the website of the bank or the remittance provider would open right in the app itself. You can safely login your user ID & password to do the transfer.

While sending money abroad, you should be careful about competitive rates and flexible options to suit your financial needs. Same provider will not offer the cheapest rate all the time because fee and exchange rate are dynamic. For an individual, it is not easy to do the complex research, analyzing all money transfer companies and calculating best exchange rates.

ExchangeRateIQ can help you in decision making by using its IQ to solve this repetitive problem. After analyzing raw data, it combines all important information about each transfer service together in a manner that makes comparison easier by getting rid of any deceptive information.

Features - 

- Compare live exchange rates & find today’s best exchange rate
- Compare money transfer providers
- Get actual realized exchange rate by individual provider according to their offered 
exchange rate and fee
- Get real time mid market rate
- Get money transfer coupons and promotions

We support all major remittance providers including - Xendpay, Western Union, Ria Money Transfer, MoneyGram, TransFast, CurrencyFair, OrbitRemit, RemitGuru, Remitly, Azimo, Remit2India, Indus Fast Remit, State Bank of India, Axis Remit, ICICI Money2India, Lucky Money, Transferwise, Worldremit,Money2anywhere, Wellsfargo, Remitlite, Klinnk, Muncha, Thamelremit, Sonaliexchange, Philippines National Bank, Placid, Zenbanx, Oxigenusa, Pakremit, Gopangea, Kotak Remit, Prabhuonline, Xoom.

We currently support over 40 countries to send money including the United States, Canada, Australia, United Kingdom, Singapore, UAE & Euro Zone. The total number of receiving countries are over 200 including money transfer to India, Mexico, Philippines, China, Latin America, Africa and Europe.

List of Major Supported Currencies:

U.S. dollar (USD)
European euro (EUR)
UK pound sterling (GBP)
Indian Rupee (INR)
Philippine Peso (PHP)
Swiss franc (CHF)
Australian dollar (AUD)
Canadian dollar (CAD)
Singapore dollar (SGD)
Japanese yen (JPY)
Chinese Renminbi (Yuan) (CNY)
Mexican Peso (MXN)
Saudi Arabian Riyal (SAR)
Qatari Riyal (QAR)
Thai Baht (THB)
UAE Dirham (AED)
Malaysian Ringgit (MYR)
South Korean Won (KPW)

Disclaimer: Details about exchange rates, fees and transfer time provided on our website are generic and high level. While we make every effort to keep the information up to date and correct, we make no warranties of any kind with regards to accuracy or reliability of the data.

## Key features

- Compare live exchange rates
- Compare money transfer providers
- Calculate realized exchange rate
- Get real-time mid-market rate
- Find money transfer coupons

## Recent user reviews (1 of 1)

All indexed reviews: https://appshunter.io/ios/app/exchangerateiq/id1296559173/reviews.md

### 5/5 — Now it’s easy to compare money transfer rates!

*2017-11-10*

Quick decision maker for your money transfer and very easy to use. Strongly recommended 👍

## Frequently asked questions about ExchangeRateIQ

### How does ExchangeRateIQ calculate the realized exchange rate?

ExchangeRateIQ calculates the realized exchange rate by distributing the applicable fees across the total amount being sent. This provides a clear view of the actual currency rate you will receive after all costs are factored in, unlike raw exchange rates.

### What information does ExchangeRateIQ provide about money transfer companies?

Beyond exchange rates and fees, ExchangeRateIQ offers details on pay-in and pay-out methods, transfer options, and transfer times for each provider. This comprehensive data helps users make informed decisions based on their specific needs.

### Does ExchangeRateIQ support all major money transfer providers?

Yes, ExchangeRateIQ supports a wide range of major remittance providers including Xendpay, Western Union, Ria Money Transfer, MoneyGram, and many others. It also lists specific bank remittance services.

### How many countries does ExchangeRateIQ support for money transfers?

ExchangeRateIQ currently supports sending money from over 40 countries, including the United States, Canada, Australia, and the UK. It allows transfers to more than 200 receiving countries worldwide.

### Is ExchangeRateIQ safe to use for initiating transfers?

ExchangeRateIQ facilitates the process by opening the provider's website within the app, allowing you to safely log in with your credentials to complete the transfer. The app itself does not handle your login information directly.

### How often are the exchange rates and fees updated on ExchangeRateIQ?

The app continuously searches for and updates current exchange rates and fees from available money transfer companies and banks. This ensures you are always viewing the most up-to-date information for competitive rates.

### What devices is ExchangeRateIQ available on?

ExchangeRateIQ is available for iPhone and iPod devices. It is designed to be accessible on these Apple platforms for users on the go.

### What is the age rating for ExchangeRateIQ?

ExchangeRateIQ has an age rating of 4+. This indicates it is suitable for users of all ages and does not contain content that would be considered inappropriate for younger audiences.

## Version history (last 3 releases)

### 1.0.2 — 2017-12-29

This app has been updated by Apple to display the Apple Watch app icon.

- UI Fixes
- Added social sharing link
- Fixes in push notification

### 1.0.1 — 2017-12-08

Bug fixes
UI Fixes
Started handling Push Notification
Added Facebook and Google plus login (optional)

### 1.0 — 2017-11-09

No release notes.

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*Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-06-01.*