Australian Dollar to Indian Rupee Exchange Rate
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Historical Rate chart of AUD and INR
|Currency Symbol:||$, A$|
|Sub unit symbol:||c|
|Bank notes:||$5, $10, $20, $50, $100|
|Coins:||5c, 10c, 20c, 50c, $1, $2|
|Sub unit symbol:||p|
|Bank notes:||₹1, ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹500, ₹2000|
|Coins:||50 paise, ₹1, ₹2, ₹5, ₹10|
Australian Dollar to the Indian Rupee for the last 10 years
|Jun 2008||Jun 2009||Jun 2010||Jun 2011||Jun 2012||Jun 2013||Jun 2014||Jun 2015||Jun 2016||Jun 2017|
|1 AUD =||40.4153 Inverse: 0.0247||38.0672 Inverse: 0.0263||40.1502 Inverse: 0.0249||47.2400 Inverse: 0.0212||55.6885 Inverse: 0.0180||55.1442 Inverse: 0.0181||56.1316 Inverse: 0.0178||49.7333 Inverse: 0.0201||49.4202 Inverse: 0.0202||48.7076 Inverse: 0.0205|
Compare AUD/INR exchange rates
This money transfer comparison uses current exchange rates, so you can simply put in your transfer amount and see how much money will arrive in India if you were to send it right now.
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- Compare money transfer services: Some services have better exchange rates than others. You can check the services below to find good rates, as well as ones without any fees.
- Send money when exchange rates are favourable: Exchange rates change constantly, so good timing can save you a lot of money.
This guide lists money transfer services you can use, and explains how to find the best AUD/INR exchange rates.
Australian Dollar to the Indian Rupee for the last 10 months
|Aug 2017||Sep 2017||Oct 2017||Nov 2017||Dec 2017||Jan 2018||Feb 2018||Mar 2018||Apr 2018||May 2018|
|1 AUD =||50.5663 Inverse: 0.0198||51.3400 Inverse: 0.0195||50.7555 Inverse: 0.0197||49.5731 Inverse: 0.0202||48.9931 Inverse: 0.0204||50.2972 Inverse: 0.0199||50.5162 Inverse: 0.0198||50.6539 Inverse: 0.0197||50.6322 Inverse: 0.0198||50.9413 Inverse: 0.0196|
Australian Dollar to the Indian Rupee for the last 10 days
|Jun 07||Jun 08||Jun 09||Jun 10||Jun 11||Jun 12||Jun 13||Jun 14||Jun 15||Jun 16|
|1 AUD =||51.3419 Inverse: 0.0195||51.3384 Inverse: 0.0195||51.3324 Inverse: 0.0195||51.3265 Inverse: 0.0195||51.3213 Inverse: 0.0195||51.1102 Inverse: 0.0196||51.2005 Inverse: 0.0195||50.6643 Inverse: 0.0197||50.7638 Inverse: 0.0197||50.7638 Inverse: 0.0197|
AUD/INR: How to get the best exchange rates
You can get good rates by simply picking the money transfer service with the best exchange rate and no fees.
However, if you really want the best AUD/INR exchange rates you can combine that with some other tricks.
The key is to ask yourself whether you can get better exchange rates by sending money now, or if you’ll get more value by waiting a while. This means making an exchange rate forecast, and looking at previous trends.
Let’s start by looking at how rates have changed so far in 2017, and then by looking at how you can forecast future changes.
AUD/INR historical exchange rate
Rates based on data from exchangerates.org.uk
This graph shows how many Indian rupees 1 Australian dollar was worth throughout 2017 so far. At the highest point shown (15 February) 1AUD was worth 51.61 INR. At its lowest as of the time of writing (the start of June) 1AUD was worth 47.5 INR.
Let’s look at how much of a difference this would make if you were sending $1,000 to India.
|15 February 2017||1 June 2017|
|Transfer amount (in AUD)||$1,000||$1,000|
|Exchange rate||1 AUD = 51.61 INR||1 AUD = 47.51|
|Amount received (in INR)||51,610||47,510|
In this example, you would have sent an extra 4,100 INR to India by transferring in February instead of June.
This gives you an idea of how much they can change over time. Compare this to the exchange rates right now.
|1 USD =||1.0000||1.3440 Inverse: 0.7440||1.3200 Inverse: 0.7576||0.8624 Inverse: 1.1595||6.4459 Inverse: 0.1551||0.7534 Inverse: 1.3274||68.1560 Inverse: 0.0147||20.6845 Inverse: 0.0483||53.4616 Inverse: 0.0187|
|1 AUD =||0.7440 Inverse: 1.3440||1.0000||0.9821 Inverse: 1.0182||0.6417 Inverse: 1.5584||4.7960 Inverse: 0.2085||0.5605 Inverse: 1.7840||50.7104 Inverse: 0.0197||15.3900 Inverse: 0.0650||39.7773 Inverse: 0.0251|
|1 EUR =||1.1595 Inverse: 0.8624||1.5584 Inverse: 0.6417||1.5305 Inverse: 0.6534||1.0000||7.4740 Inverse: 0.1338||0.8735 Inverse: 1.1448||79.0267 Inverse: 0.0127||23.9836 Inverse: 0.0417||61.9886 Inverse: 0.0161|
|1 GBP =||1.3274 Inverse: 0.7534||1.7840 Inverse: 0.5605||1.7520 Inverse: 0.5708||1.1448 Inverse: 0.8735||8.5560 Inverse: 0.1169||1.0000||90.4669 Inverse: 0.0111||27.4556 Inverse: 0.0364||70.9623 Inverse: 0.0141|
AUD/INR exchange rate forecast
This means predicting which way the exchange rates are likely to go. In other words, which currency will get stronger faster? Will either of them decrease in value?
Making a forecast means looking at economic factors for both countries, and what you can expect to happen for each.
- When AUD is strong or INR is weak: This is a good time to transfer.
- When AUD is weak or INR is strong: This is a bad time to transfer.
By staying on top of the news you can look out for events that will make either currency stronger or weaker.
There are too many factors to consider all of them, so you might want to just look at some of the most important ones. Three main factors to look at are:
- Balance of trade
- Interest rates
These are good factors to look at because they make a big difference, and because it’s easy to stay on top of them and get hard numbers for each.
Balance of trade
This is the difference between how many foreign goods a country imports, and how much it exports.
- More exports: This leads to a stronger currency
- More imports: This leads to a weaker currency
If someone wants to buy Australian goods (Australian exports), then they’ll need to pay with Australian dollars. This increases the demand, and therefore the value of the currency.
Imports have the opposite effect. If Australians want to buy imports (other country’s exports) then they’ll need to exchange Australian dollars for the foreign currency. This increases the supply of AUD and therefore decreases its value.
As such, Australia’s imports and exports, with any country, affects the value of AUD, while India’s imports with any country affect the value of INR.
Naturally, imports and exports between Australia and India have a particularly big effect, because they make one country’s currency stronger, and the other country’s currency weaker at the same time.
Inflation specifically refers to how prices rise in a country. Higher prices mean each dollar buys you less than before, and is therefore weaker than before.
- Low inflation: This leads to a stronger currency
- High inflation: This leads to a weaker currency
This is a major factor because it has both direct and indirect effects on exchange rates.
- Direct effects: Inflation directly determines how much each currency is worth, and how its value is changing over time.
- Indirect effects: Foreign investors want to see lower inflation, because it means their money is safer in that country. A low inflation rate attracts more investors, which therefore increases currency demand, similar to balance of trade.
These are the same kinds of interest rates you see when you put your money in a savings account or take out a loan.
- High interest rates: This leads to a stronger currency
- Low interest rates: This leads to a weaker currency
The specific rates you should look at are the official Cash Rates set by each country, in this case Australia and India.
It indirectly affects exchange rates the same way inflation does. A higher interest rate attracts more foreign investors because they can earn more interest on their investments in that country. This increases the demand for that currency, and therefore increases its value.
Market rate for common transfer amounts AUD to INR
|Australian Dollars (AUD)||Indian Rupee (INR)|
How to make an AUD/INR forecast
These factors can tell you how a country’s currency is likely to perform in the future, and whether it will get stronger or weaker.
However, it’s important to remember that you want to look at these factors for both Australia and India, and then compare them side by side. This is because you specifically want to see the difference between Australia’s currency strength, and India’s currency strength.
What to look at
- Inflation rates: Keep an eye on inflation to get a sense of how it’s moving.
- Cash rate forecasts: Cash rate forecasts can help you predict upcoming interest rate changes.
What to look for in the news
Keep an eye out for anything that could make a big difference, and be mindful of carry-on effects. For example, oil is one of India’s big exports, so falling oil prices mean less exports for India, which means weaker currency.
Meanwhile, iron ore is a big export for Australia.When China slowed down its manufacturing, this meant less demand for iron ore, which meant less exports for Australia, leading to a weaker Australian dollar.
You should also look for news that may affect investor confidence. Instability, political difficulties, corruption and other problems can all reduce investor confidence, which in turn leads to a weaker currency.
The different money transfer options
There are three main options when sending an international money transfer from Australia to India, each of which has its own pros and cons.
|Cash pickup transfers|
|Online money transfers|
Even if you transfer at a time when the AUD/INR exchange rate is at its highest, you can still be short-changed if you settle for a low rate.
Case study: bank vs money transfer provider vs cash pickup provider
Prakash has been living and working in Australia for the past six months, and wants to send $2,000 AUD to his parents in India to help them meet their financial obligations.
Prakash wants to make sure his parents receive as much money as possible, so he compares the three options.
|Bank||Cash transfer company||Online transfer company|
|Exchange rate||1 AUD = 49.433981 INR||1 AUD = 50.365637 INR||1 AUD = 50.56 INR|
|Transfer method||Bank transfer||Cash pickup||Online transfer|
|Processing time||2-5 days||10 minutes||2 days|
|Amount sent (in AUD)||$2,000||$2,000||$2,000|
|Amount received (in INR)||98,867.96||100,731.28||101,120|
When you’re transferring larger amounts, even a small difference in exchange rates can make a major difference.
In this case the online transfer provider allows you to send 2,252.04 INR more than the bank and 388.72 INR more than the cash pickup provider. It also allows you to save $19 and $20 in fees compared to the bank and cash transfer company respectively.
3 tips for better AUD/INR exchange rates
Keep the following tips in mind and you might be able to get even more value for money out of your Australia to India money transfer:
Check out the current market rates first
The market rates are the “official” exchange rates at any given time. It’s updated constantly, so it’s a good first place to look at current rates.
You can then compare this to the exchange rate on offer from different transfer providers, and see which gets you the closest to the current market rate.
Send one big transfer rather than several smaller transfers
Some companies may offer higher exchange rates and lower fees when you send a large transfer with them, so you may be better off sending one big transfer rather than several smaller amounts.
Sometimes this might also be enough to let you take advantage of valuable tools like forward contracts or limit orders.
Consider forward contracts or limit orders
These can help you secure a better exchange rate where available.
- Forward contracts: With these you pick a date in the future for your transfer to occur, and it will be done at current exchange rates. Forward contracts can be very useful if exchange rates are getting worse, but you still want to wait before sending money.
- Limit orders: With these you pick an exchange rate, and then when they happen your transfer is made automatically. Limit orders can be useful if you’re looking for some of the best possible AUD/INR exchange rates, and are flexible about when you send the money.
Forward contracts and limit orders are generally not available for smaller transfers, and you will typically need to send large amounts all at once, such as tens of thousands of dollars, before you can use them.
Exchange rates from AUD to other currencies
- Bahamian Dollar (BSD)
- Bahraini Dinar (BHD)
- Bangladeshi Taka (BDT)
- Barbadian Dollar (BBD)
- Belarusian Ruble (BYN)
- Belize Dollar (BZD)
- Bermudian Dollar (BMD)
- Bhutanese Ngultrum (BTN)
- Bitcoin (BTC)
- Bitshares (BTS)
- Bolivian Boliviano (BOB)
- Botswana Pula (BWP)
- Brazilian Real (BRL)
- Brunei Dollar (BND)
- Bulgarian Lev (BGN)
- Burundian Franc (BIF)
- Macanese Pataca (MOP)
- Macedonian Denar (MKD)
- Malagasy Ariary (MGA)
- Malawian Kwacha (MWK)
- Malaysian Ringgit (MYR)
- Maldivian Rufiyaa (MVR)
- Mauritanian Ouguiya (MRO)
- Mauritius Rupee (MUR)
- Mexican Peso (MXN)
- Moldovan Leu (MDL)
- Monero (XMR)
- Mongolian Tugrik (MNT)
- Moroccan Dirham (MAD)
- Mozambican Metical (MZN)
- Salvadoran Colon (SVC)
- Samoan Tala (WST)
- São Tomé and Príncipe Dobra (STD)
- Saudi Riyal (SAR)
- Serbian Dinar (RSD)
- Sierra Leonean Leone (SLL)
- Singapore Dollar (SGD)
- Solomon Islands Dollar (SBD)
- Somali Shilling (SOS)
- South African Rand (ZAR)
- Sri Lankan Rupee (LKR)
- Surinamese Dollar (SRD)
- Swazi Lilangeni (SZL)
- Swedish Krona (SEK)
- Swiss Franc (CHF)
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