25 Feb 2025
Indian expats in Romania know that sending money home is more than just a transaction; it’s a way to stay connected to your family. As the global dynamics change, it is becoming essential to understand remittance trends if you have families to support within the receiving country.
Remittances hit USD 124 billion globally in 2024, which is expected to increase to 3.7% from last year. By 2025, they’re predicted to rise by 4%, reaching USD 129 billion. Understanding these trends can make each transfer more valuable for those who want to send money to India from Romania.
India continues to be the top recipient of remittances worldwide. In 2024, India experienced 4.7% growth in remittances and received 124 billion dollars. This growth reflects the essential role remittances play in supporting the Indian families. For them, sending money isn’t just a duty; it’s about providing stability for their loved ones, funding education, and contributing to national economic growth.
Here are the key drivers for deciding the rates of the remittances.
Romania’s economy has been the fastest-growing in the European Union since 2010. Despite global challenges, it saw a 2.1% GDP increase in 2023. The 2024 and 2025 forecasts are even better, with over 3% growth expected yearly. A strong economy means stable job opportunities. With consistent income, it becomes easier to send money home regularly.
When inflation is low, the Romanian leu keeps its value better. As a result, Indian expats can save more without worrying about their money losing value. The recent drop to a 5.1% inflation rate is a promising sign. A stable economy allows expats to save a little extra, making each remittance to India worth more in local currency.
The employment rate in Romania will be 51.75% in 2024. Romania’s economic growth has created many jobs for the skilled workers. This steady employment in high-demand sectors helps expats maintain regular remittances. As Romania’s economy grows, more jobs are likely to be created, allowing Indian expats to increase their contributions back home.
Currency exchange rates have a high impact on the remittance value. Romanian leu (RON) is strong against the Indian rupee (INR), so expats can return more value to India. Exchange rates fluctuate daily, so choosing the right time for a transfer can make a real difference.
Some of the best ways to send money from Romania to India are as follows:
Fast, affordable, anytime, anywhere. Low fees and strong exchange rates make online transfers a top choice for expats on the go.
Secure but slower. Traditional banks are considered more secure because of their physical existence, though fees are higher.
Instant access! Send funds directly to a mobile wallet in India. This service is perfect for families without any bank accounts; it is fast, flexible, and reliable.
Maximize your money transfers with smart strategies! Stay informed about the exchange rates and fees to ensure you get the best value while sending your money. Here’s how you can make every penny count:
Timing matters! Set appropriate rate alerts to send money. When the LEU is much stronger than INR, every penny sent has more value.
Don’t lose money on higher fees. Compare platforms to find the lowest costs and keep more of what you have earned; small savings can add up fast!
The future of remittances looks promising. Romania’s strong economic growth indicates a stable path forward. Digital innovation is also expected to improve the services, offering faster, safer, and more affordable options for Indian expats. As the remittance industry evolves, expats will likely see more choices and even better rates, which means more support for loved ones in India.
Looking for a quick, reliable way to send money from Romania to India? ACE Money Transfer could be your best choice. With low fees, competitive exchange rates, and fast transfers, ACE makes supporting loved ones back home easy.
The best part is that it’s available 24/7, so you can send money anytime. ACE’s secure platform and user-friendly app mean you can trust each transfer will reach your family safely. Why settle for less when ACE offers everything you need on a single platform?
Don’t delay making a wise choice. Download the ACE app and sign up today to send your remittances easily!
The time it takes depends on the methods used. Online transfers can be instant or can take a few minutes, while bank transfers might take 1-3 business days.
Yes, most services allow you to send money to anyone if you have their details, such as a bank account number or mobile wallet ID.
Once the transfer is completed, you will usually receive a confirmation. Some services, like ACE, also offer tracking so you can verify the delivery status.
Yes! Many online services, including ACE, allow you to send money anytime, even on weekends and holidays.
Online money transfer from Romania to India is safe if you use trusted services like ACE, which employ encryption and secure transfer methods to protect your money.
