16 Jun 2025
Living in Spain and supporting your family back home in India? You're not alone. Every month, thousands of Indians in Spain send money to loved ones. But here’s something many don’t realize: timing your transfer can actually help you save money. It’s not just about how much you send, but also when you send it. Let’s look at how to make smarter, better-timed decisions with your international transfers and get the best value for your euros.
Exchange rates go up and down every day. That means the amount your family receives in rupees can change, sometimes by a lot, even if you're sending the same amount in euros.
Let’s say you send €500:
That’s a ₹1,000 difference. Just because of timing. So yes, the best time to transfer money to India really can make a difference in your family’s wallet.
Currency exchange rates fluctuate throughout the week. Some studies show that Tuesdays and Wednesdays often offer slightly better exchange rates than weekends or Mondays.
Why?
Markets settle after the weekend and adjust to news early in the week. By midweek, you may see slightly more favorable rates, though it’s not guaranteed. If you want to test this, check the rates every day for a week or two. You’ll start noticing a pattern.
Exchange rates are sensitive to news. A major political event, a central bank update, or a global crisis can cause quick changes in value. If you’re planning to send a larger amount, stay informed. Even a delay of a few days could give you a better return. Many remittance platforms offer alerts or notifications when rates improve. Set those up so you never miss a good window.
Sending money to India during festivals like Diwali, Eid, or Christmas is common. But here’s the catch: everyone’s doing it.
Increased demand often leads to:
So if possible, send early, about 1–2 weeks before major Indian holidays. That way, you avoid last-minute price hikes and delays while still supporting your loved ones. Yes, sending money to India during festivals feels meaningful, but doing it earlier helps you save and still show love.
Historically, there are times when the euro strengthens against the rupee. Based on past data:
These aren’t hard rules, but if you’re planning a bigger transfer (school fees, medical bills, or property payments), checking seasonal trends is smart. This can be your optimal time for money transfer to India.
Many people send money right after payday. That’s usually the 1st or 2nd of the month. But here’s the problem: remittance platforms know this. They might raise fees slightly during this period or reduce exchange rate offers. If your bills aren’t urgent, wait until the second week of the month. You may get better deals, both on fees and rates. It’s one of the easiest ways to save on Indian money transfers.
Some platforms charge flat fees. Others take a cut through the exchange rate. Look out for hidden costs. ACE Money Transfer is a favorite remittance platform for many Indian expats. They regularly use ACE to send money from Spain to India. Because ACE offers:
And if you're busy, you can even schedule your transfers when rates are better. That’s a win. Low-fee money transfer to India is totally possible; you just have to choose smart.
Here are quick ways to improve your next transfer:
Compare Rates: Use tools like Google Currency or XE.com before sending.
Transfer more, less often: Instead of sending €100 four times, send €400 once. You’ll often pay fewer fees.
Use Alerts: Some apps will notify you when you hit the best exchange rate for India remittance.
Pay with Bank Transfer: Card payments can have hidden costs. Bank payments are usually cheaper.
Avoid Weekends: Exchange markets are closed. You may not get the latest rates.
Sometimes, you don’t have time to wait. Emergencies happen. In that case, look for platforms with fast processing, even if it means slightly higher fees. Saving time is more important than saving money in urgent situations. Just make sure you don’t fall for dodgy “too good to be true” services. Stick to names you trust.
Honestly, there’s no perfect answer to “What is the best time to send money to India from Spain?”
But if you:
That’s how you create India money transfer savings with zero stress.
Sending money to India from Spain isn’t just about love and support, it’s also a financial decision. With a little awareness, timing, and the right tools, you can make every euro stretch further for your family.
Remember:
So next time you're thinking of sending money home, ask yourself: Is this the right time? Or can I save more by waiting just a bit? That’s how you turn regular remittance into smart remittance. Sign up on ACE now and send money online to India from Spain affordably.
Midweek days like Tuesday or Wednesday often provide slightly better exchange rates compared to weekends or Mondays. Currency markets settle after weekends, so midweek rates may reflect more favorable trends.
Yes, it’s generally better to avoid the first few days of the month (like the 1st or 2nd) as many people send money after payday, which can lead to slightly higher fees or reduced exchange rates. Try sending during the second week of the month if your transfer isn’t urgent.
The worst times can include:
Not always. Due to increased demand around festivals like Diwali, Eid, or Christmas, fees can rise and promotions are fewer. It’s often smarter to send 1–2 weeks before the festival season.
