Use the currency transfer calculator below to compare exchange rates and fees for sending AUD to India.
The "Rate" and "Amount Received" displayed are indicative rates that have been supplied by each brand or gathered by Finder.
Exchange rates are volatile and change often. As a result, the exchange rate listed on Finder may vary to the actual exchange rate quoted for the brand. Please confirm the actual exchange rate and mention "Finder" before you commit to a brand.
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Forecasting
AUD to INR: Historical rate chart
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Updated: 23 May 2019 14:11:54 UTC
Australian dollar
The Australian dollar is the fifth-most-traded currency in the world. It's commonly referred to as the "Aussie" in forex markets. When it was first created, suggestions for its name included the koala, the royal and the austral.
Currency:
Australian Dollar
Currency Symbol:
$
Sub unit:
cents
Bank notes:
$5, $10, $20, $50, $100
Coins:
5c, 10c, 20c, 50c, $1, $2
Indian rupee
The rupee is the official currency of India, the seventh-largest economy measured by GDP and the fastest growing economy in the world. Banknotes display 15 languages, including Bengali, Kashmiri, Punjabi and Sanskrit. While many think that the rupee is made of paper, it's actually composed of cotton and rag.
Currency:
Indian Rupee
Currency Symbol:
₹
Sub unit:
paisa
Sub unit symbol:
p
Bank notes:
₹1, ₹2, ₹5, ₹10, ₹20, ₹50, ₹100, ₹500, ₹2000
Coins:
50 paise, ₹1, ₹2, ₹5, ₹10
Real-time market rate for popular transfer amounts AUD to INR
Australian dollars (AUD)
Indian rupee (INR)
$1
0
$100
0
$500
0
$1000
0
$1500
0
$2500
0
$5000
0
How to get the best AUD to INR exchange rate
These tips can help you find the best exchange rate for when you transfer your Australian dollars into rupees:
Keep an eye on the news. Staying up-to-date on any news or key events in India can help you predict what the exchange rate may do. There are a number of factors that can affect how a country's currency performs. For example, major political elections can impact either the AUD or INR.
Check the mid-market rate. This is today's exchange rate. You can check it using the currency converter tool above and compare it to the rate you're being quoted. This shows if you're getting good value for your money.
Double-check your final exchange rate. Money transfer providers can often show you the mid-market rate on their website calculator, rather than the actual rate available to customers. A quote can give you an accurate idea of the cost of your transaction, including any extra fees and the exchange rate they're offering.
Look into limit orders and forward contracts. A limit order allows you to set the exchange rate you want. When that rate is reached, your transfer will be sent. A forward contract lets you lock in today's exchange rate for a transfer that will happen in the future. This is useful for when you think exchange rates are likely to fall in the coming weeks or months.
Compare your options. Although it may be more convenient to send money through your bank, it often offers a much less competitive rate than a money transfer specialist. Compare the fees and exchange rates using our table to find the best transfer service for you.
Learn more: Why aren’t I paying today’s exchange rate?
You may have noticed that the actual exchange rate differs from the rate you get once you've exchanged the money.
For example, say today's exchange rate is $1 to INR₹52.54. You go to an ATM in Chennai and withdraw money using your Australian bank card. On the receipt, you see that the exchange rate isn't the one you'd seen before. It's $1 to INR₹49.933. There's also the bank fee added on at the end, resulting in a smaller amount of rupees for you.
This is referred to as the "spread" – the difference between the mid-market rate you see on Google or XE and what you actually get when you transfer money. Some providers offer lower fees but weaker exchange rates, while others charge no fees but profit from the margin between its rate and the mid-market rate. It's important to keep an eye on both when deciding on how to transfer your money.
How can I predict the best time to exchange AUD for INR?
Making a forecast means looking at economic factors for both countries and what you can expect to happen for each. The best time to transfer your money into rupees is when either the Australian dollar is strong or the Indian rupee is weak. It's impossible to predict how either will perform, but you can understand what could influence it.
While there are many factors to consider, these are three of the main ones to look at.
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.
When looking at the news, keep these three factors in mind and look out for any carry-on effects. For example, oil is one of India’s big exports, so falling oil prices mean less exports for India, which means a 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. This led 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.
Past 10 years: AUD to INR
May 2009
May 2010
May 2011
May 2012
May 2013
May 2014
May 2015
May 2016
May 2017
May 2018
1 AUD =
36.9643
Inverse: 0.0271
38.8990
Inverse: 0.0257
47.4947
Inverse: 0.0211
54.5400
Inverse: 0.0183
53.9113
Inverse: 0.0185
53.8739
Inverse: 0.0186
49.7457
Inverse: 0.0201
48.7082
Inverse: 0.0205
48.0419
Inverse: 0.0208
51.6422
Inverse: 0.0194
Past 10 months: AUD to INR
Jul 2018
Aug 2018
Sep 2018
Oct 2018
Nov 2018
Dec 2018
Jan 2019
Feb 2019
Mar 2019
Apr 2019
1 AUD =
51.0993
Inverse: 0.0196
50.9116
Inverse: 0.0196
52.7039
Inverse: 0.0190
52.1239
Inverse: 0.0192
51.6893
Inverse: 0.0193
49.3652
Inverse: 0.0203
51.0223
Inverse: 0.0196
51.0982
Inverse: 0.0196
48.8016
Inverse: 0.0205
49.6624
Inverse: 0.0201
Past 10 days: AUD to INR
May 14
May 15
May 16
May 17
May 18
May 19
May 20
May 21
May 22
May 23
1 AUD =
48.7927
Inverse: 0.0205
48.6342
Inverse: 0.0206
48.4081
Inverse: 0.0207
48.2728
Inverse: 0.0207
48.2728
Inverse: 0.0207
48.5197
Inverse: 0.0206
48.3348
Inverse: 0.0207
47.9350
Inverse: 0.0209
47.9055
Inverse: 0.0209
48.0541
Inverse: 0.0208
What's the best way to send money to India?
We can divide international money transfers into three main methods: through your bank, a cash pick-up service and a specialist money transfer provider. They each have pros and cons, as well as situations they're better suited for. For a more in-depth look, check out our guide on how to transfer money to India.
You want a more competitive exchange rate and lower fees than a bank transfer. Providers also offer more flexible maximum and minimum transfer limits.
Not for you if:
You want an immediate transfer and don't want to go through the verification procedure. In this case, consider making a transfer through your bank or to a cash pick-up service.
Cash pick-up
Pros
Lets you send money almost instantly.
Can be collected as cash on the other end.
Cons
Higher fees than other transfer methods.
Less favourable exchange rates than some online money transfers.
For you if:
You need the money to be transferred immediately, such as in an emergency. It can also be helpful if who you're sending to doesn't have a bank account or a mobile wallet.
Not for you if:
You have the option to find a better rate with a money transfer specialist or if your recipient doesn't have access to one of the cash pickup locations.
Bank transfer
Pros
Can be convenient.
Cons
Higher fees than online money transfers.
Poor exchange rates.
Transfers can take several days to complete.
For you if:
You want the convenience of sending money from your existing bank account, without having to register and be verified by a specialised money transfer service. Your bank can usually also help set up regular transfers.
Not for you if:
You want a more competitive exchange rate and fewer fees.
Shirley Liu is Finder's global program manager. She was previously the publisher for banking and investments and has also written comparisons for energy, money transfers, Uber Eats and many other topics. Shirley has a Master of Commerce and a Bachelor of Media, Journalism and Communications from the University of New South Wales. She is passionate about helping people find the best deal for their needs.
TorFX guarantees to match any competitor's exchange rate. Conditions apply. Send money overseas in 30+ currencies with competitive rates for transfer amounts over $2,000.
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