TransferWise and Google are two popular platforms that provide currency exchange rates. While both platforms provide exchange rate information, they work differently and offer different levels of accuracy and reliability.
Google provides an estimated exchange rate that is updated periodically. This exchange rate is based on the market rate at the time of update and can be different from the real-time exchange rate. The estimated exchange rate on Google can be used as a rough guide, but it is not always accurate and may not reflect the rate you would receive when exchanging currency through a bank or money transfer service.
On the other hand, TransferWise uses real-time exchange rates that are updated every few seconds. This ensures that the exchange rate you see on TransferWise is always up-to-date and reflects the most accurate market rate at that moment. TransferWise sources its exchange rates from the same wholesale markets that banks use, which means that the exchange rate you see on TransferWise is the same rate you would receive if you were exchanging currency through a bank.
Another key difference between TransferWise and Google is the cost of exchanging currency. Google does not charge a fee for its exchange rate service, but if you actually exchange currency through a bank or money transfer service, you may be charged a fee or receive a less favorable exchange rate than the one you saw on Google. TransferWise, on the other hand, charges a small fee for its currency exchange service, but this fee is transparent and much lower than the fees charged by traditional banks.
If You want to download the Transferwise app to get realtime exchange rates then you can download or install it from the link given below.
In conclusion, while both TransferWise and Google provide exchange rate information, TransferWise offers a more accurate and reliable exchange rate service based on real-time exchange rates from the same wholesale markets used by banks. Additionally, TransferWise offers a more cost-effective way to exchange currency, with transparent and low fees.
