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Best Australian dollars to Indian rupees exchange rates today (AUD%2FINR) feature image

Best Australian dollars to Indian rupees (AUD/INR) exchange rates today

Find the best AUD/INR exchange rate, get forecasts and save when you transfer money from Australia to India.

If you need to send money from Australia to India, like if you’re sending it back home to family in India, then there are two important tricks to finding the best AUD/INR exchange rates.

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.

Rates last updated July 28th, 2017
Name Product Min. Transfer Amount Transfer Speed Services Online Transfer Fee Rate Amount Received Description
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Agent
TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply
Exclusive: World First International Money Transfers
AUD 2,000
1 day
Online, Phone
Exclusive offer: $0 transfer fee and competitive rate
The transfer rate displayed is exclusive to finder.com.au users for their first trade only.
Exclusive: OFX (Ozforex) International Money Transfers
AUD 250
1 day
Online, Phone, Agent
Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com.au exclusive exchange rates and $0 transfer fee on all transfers.
FC Exchange International Money Transfers
GBP 3,000
1 day
Online, Phone, Bank Account to Bank Account
No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.
Compass Global Markets International Money Transfers
AUD 1,000
2 days
Online, Phone
Send money in as little as 24-48 hours to a range of countries with Compass Global Markets.
RationalFX International Money Transfers
GBP 100
1 - 2 days
Online, Phone, Bank Account to Bank Account
Transfer currency online 24/7 with a guaranteed exchange rates. No commission or hidden costs.
HiFX International Money Transfers
AUD 50
2 days
Online, Phone, Agent
Make your first transfer for free. Transfer money between 20 currencies, and schedule regular transfers.
Instarem International Money Transfers
AUD 50
1 day
Online, Phone
InstaReM is a simple, quick and cost-effective way to send money abroad with zero transaction fees
Exclusive: Sable International
AUD 0
1 day
Online, Phone, Bank Account to Bank Account
Exclusive offer: $0 transfer fee and Price Beat Guarantee
Quote "finder" when your Sable International account manager calls you - guaranteed to beat any competitors exchange rate.

Compare up to 4 providers

Can’t find what you’re looking for? Have a TorFX currency expert contact you for free

After you've submitted your details, a TorFX consultant will contact you via the phone number you've provide for a free consultation. You will typically receive a response within one business day.

TorFX are international money transfer specialists and have an office based in Surfer's Paradise Queensland and have the AFS Licence number 246838. We will not collect your personal information unless it's necessary to provide the information, advice or service you've requested and, where possible, you'll be able to use our services anonymously.

If you have never transferred money before or have a large amount of money to transfer (like paying back an overseas home loan or receiving an inheritance), you may feel more comfortable speaking to a person instead.

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Save money on your personal or business international money transfer today. Fill in the form and you’ll be contacted by a foreign exchange expert to have an obligation-free discussion about your options. Our foreign exchange experts offer a best rate guarantee, are ASIC authorised and never charge transfer fees.

They can help you with all your needs including:

  • Buying property abroad
  • Emigrating
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  • Risk management
  • Forecasting

See exchange rate updates in real-time

Refreshing in: 60s | Fri, 28 Jul 06:25pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.2521 Inverse: 0.7987 1.2443 Inverse: 0.8037 0.8509 Inverse: 1.1752 6.7361 Inverse: 0.1485 0.7612 Inverse: 1.3138 64.1090 Inverse: 0.0156 17.8015 Inverse: 0.0562 50.5204 Inverse: 0.0198
1 AUD = 0.7987 Inverse: 1.2521 1.0000 0.9938 Inverse: 1.0063 0.6796 Inverse: 1.4715 5.3798 Inverse: 0.1859 0.6079 Inverse: 1.6450 51.2010 Inverse: 0.0195 14.2173 Inverse: 0.0703 40.3484 Inverse: 0.0248
1 EUR = 1.1752 Inverse: 0.8509 1.4715 Inverse: 0.6796 1.4623 Inverse: 0.6838 1.0000 7.9164 Inverse: 0.1263 0.8945 Inverse: 1.1179 75.3422 Inverse: 0.0133 20.9207 Inverse: 0.0478 59.3726 Inverse: 0.0168
1 GBP = 1.3138 Inverse: 0.7612 1.6450 Inverse: 0.6079 1.6348 Inverse: 0.6117 1.1179 Inverse: 0.8945 8.8499 Inverse: 0.1130 1.0000 84.2265 Inverse: 0.0119 23.3876 Inverse: 0.0428 66.3737 Inverse: 0.0151
  • 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.

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

Australian Dollar  AUD  to Indian Rupee  INR  exchange rate history

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 20171 June 2017
Transfer amount (in AUD)$1,000$1,000
Exchange rate1 AUD = 51.61 INR1 AUD = 47.51
Amount received (in INR)51,61047,510

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.

Refreshing in: 60s | Fri, 28 Jul 06:25pm GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.2521 Inverse: 0.7987 1.2443 Inverse: 0.8037 0.8509 Inverse: 1.1752 6.7361 Inverse: 0.1485 0.7612 Inverse: 1.3138 64.1090 Inverse: 0.0156 17.8015 Inverse: 0.0562 50.5204 Inverse: 0.0198
1 AUD = 0.7987 Inverse: 1.2521 1.0000 0.9938 Inverse: 1.0063 0.6796 Inverse: 1.4715 5.3798 Inverse: 0.1859 0.6079 Inverse: 1.6450 51.2010 Inverse: 0.0195 14.2173 Inverse: 0.0703 40.3484 Inverse: 0.0248
1 EUR = 1.1752 Inverse: 0.8509 1.4715 Inverse: 0.6796 1.4623 Inverse: 0.6838 1.0000 7.9164 Inverse: 0.1263 0.8945 Inverse: 1.1179 75.3422 Inverse: 0.0133 20.9207 Inverse: 0.0478 59.3726 Inverse: 0.0168
1 GBP = 1.3138 Inverse: 0.7612 1.6450 Inverse: 0.6079 1.6348 Inverse: 0.6117 1.1179 Inverse: 0.8945 8.8499 Inverse: 0.1130 1.0000 84.2265 Inverse: 0.0119 23.3876 Inverse: 0.0428 66.3737 Inverse: 0.0151

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
  • Inflation
  • 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

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.

Interest rates

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.

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

  • 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.

ProsCons
Bank transfers
  • Can be convenient
  • Higher fees than online money transfers
  • Poor exchange rates
  • Transfers can take several days to complete
Cash pickup transfers
  • Lets you send money almost-instantly
  • Can be collected as cash on the other end
  • Higher fees than online money transfers
  • Less favourable exchange rates than some online money transfers
Online money transfers
  • Low or no fees
  • You can find good exchange rates
  • Transfers can take several days to complete

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.

BankCash transfer companyOnline transfer company
Exchange rate1 AUD = 49.433981 INR1 AUD = 50.365637 INR1 AUD = 50.56 INR
Transfer fee$22$23$3
Transfer methodBank transferCash pickupOnline transfer
Processing time2-5 days10 minutes2 days
Amount sent (in AUD)$2,000$2,000$2,000
Amount received (in INR)98,867.96100,731.28101,120

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.

Tim Falk

A freelance writer with a passion for the written word, Tim loves helping Australians find the right home loans and savings accounts. When he's not chained to a computer, Tim can usually be found exploring the great outdoors.

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TorFX International Money Transfers

TorFX guarantee to beat any competitor's exchange rate for a transaction
Conditions apply

Exclusive: World First International Money Transfers

Exclusive offer: $0 transfer fee and competitive rate
The transfer rate displayed is exclusive to finder.com.au users for their first trade only.

Exclusive: OFX (Ozforex) International Money Transfers

Exclusive offer: Special exchange rates and $0 transfer fee
OFX is currently offering finder.com.au exclusive exchange rates and $0 transfer fee on all transfers.

FC Exchange International Money Transfers

No transfer fee via online, branch or phone when transferring more than £10,000 or equivalent.

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