Modern Exchange vs Gulf Exchange
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
Modern Exchange
Easily send money internationally with a streamlined registration and remittance process. Track transaction history, manage beneficiaries, and compare exchange rates for the best deals. This compliant financial institution prioritizes technology and customer experience.
- Easy customer registration
- One-step remittance process
- Transaction history tracking
- Beneficiary management
- Exchange rate comparison
- Download transaction receipts
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Modern Exchange app enables the customers to remit their money in 1-step process. Modern Exchange App Features: #Easy Customer Registration: You can activate your Modern Exchange account in just 4 steps and explore all the online features right from your mobile phone. #Remittance: Select the transaction details based on your beneficiary and click "Remit Now" for requesting remittance. #Transaction History: View your past transaction details in one-click using the My Transactions tab and download past transaction receipts of your choice. #Beneficiary Listing: View your beneficiary details from the Beneficiaries tab and view more details of your favorite beneficiary. #Exchange Rate: Explore the exchange rate for the currency pair you have selected, pick the best rate provider and remit through the same. Ease your remittance process by the best rates and transfer your money. #About Modern Exchange - At Modern Exchange, we pride ourselves on being a Compliant Global Financial Institution, by continuously investing in our technology and our people for ensuring maximum compliance in respect of best practices for AML and KYC processes. At the same time, we keep trying to improve the customer experience at our branches and our digital delivery systems. So please do join us in becoming a valued member of Modern Exchange’s extended family, if you already are not one. We promise to beat your expectations, not just meet them.
Gulf Exchange
Send money to loved ones with competitive exchange rates. Easily sign up and choose between bank transfers or in-person remittances. Features a currency converter for real-time rate checks.
- International money transfers
- Competitive exchange rates
- Bank transfer option
- In-person remittance
- Currency converter
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Gulf Exchange is a FREE mobile application to send remittance to your dear ones with best exchange rates. You can easily signup to our system by providing basic personnel information. You can send remittance by bank transfer or visiting the counter. Our application provides best exchange rates for countries like India, Pakistan, Sri Lanka, Nepal and Bangladesh. An easily accessible currency converter helps you to find exchange rates at any time.
Screenshots
Verdict
The clearest difference is rating: Modern Exchange at 2.3 against Gulf Exchange's 1.0. Modern Exchange also leads on review sentiment (14% vs 0%) and update cadence (every 3 weeks vs every 6 weeks). On price, ads, in-app purchases and monetization model there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Modern Exchange holds the better App Store score, 2.3 against 1.0. Both are backed by a comparable volume of ratings — 3 and 1 respectively. Written reviews point the same way: 14% of Modern Exchange's written reviews are positive against 0% of Gulf Exchange's.
Modern Exchange ships an update every 3 weeks, Gulf Exchange every 6 weeks. The most recent releases landed on October 24, 2026 and October 29, 2026 respectively.
| Parameter | Modern Exchange | Gulf Exchange |
|---|---|---|
| Price | Free | Free |
| Rating | 2.3 (3 ratings) — better | 1.0 (1 ratings) |
| Positive reviews | 14.3% of reviews — better | 0.0% of reviews |
| Number of ratings | 3 — better | 1 |
| Update frequency | Every 3 weeks — better | Every 6 weeks |
| Ads | No | No |
| In-app purchases | No | No |
| Monetization | Free | Free |
| Devices | iPhone, iPod | iPhone, iPad, iPod — better |
| Requires iOS | 15.5 | 15.0 — better |
| Further details — not scored | ||
| Size | 121 MB | 50 MB |
| Age rating | 4+ | 4+ |
| Developer | MODERN EXCHANGE COMPANY LLC. | Gulf Overseas Exchange Co LLC |
Customer experience
Modern Exchange
Gulf Exchange
In-app purchases
Modern Exchange
No in-app purchases
Gulf Exchange
No in-app purchases
Questions
Is Modern Exchange free?
Is Gulf Exchange free?
Which has better reviews, Modern Exchange or Gulf Exchange?
Do Modern Exchange or Gulf Exchange have ads?
Which is updated more often, Modern Exchange or Gulf Exchange?
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