I have recently opened a bank account with Standard chartered bank (saadiq islamic current) for my remittence purpose. But when i am very disappointed to see their conversion rates for my remitence. The amount was in SEK and it was converted at rate of 11 appx. while the open market rate is around 13.6 and the inter bank rate is also 13 plus. Before this SCB account i was using UBL acount and their conversion rates were always very close to the market rates. but i had to change the bank due to some other issue.
does anyone experience the same issue with SCB accounts, and which bank would you suggest is the best for remittence. (i am thinking to switch bak to ubl because thats the only 1 i experienced for good remittence and dont know about others).
my remittence is only in SEk, so would it be best to switch to another bank and a dollar account or will a normal rupee account is ok, as sometime i have observed that i get better rates in sek i.e. a small rise result a big rise in rupee. i.e dollar is 87 and sek 12-13 and vice versa.