EUR to INR exchange rate guide

Best euro to rupee exchange rates today (EUR/INR)

Find the best exchange rate when converting your euros to Indian rupees.

Whether you're a forex investor or simply looking to trade euros for rupees, you'll get the most for your money by keeping an eye out for a strong exchange rate. In this guide, we'll go through the history of the EUR/INR exchange rate and show you what exchange rate money transfer companies are offering today.

Today's mid-market rate

Use the table below to find out today's interbank exchange rate for euros for rupees. Use it as a benchmark when comparing the exchange rate being offered by money transfer specialists and banks.

Refreshing in: 60s | Thu, 17 Jan 11:58am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3946 Inverse: 0.7170 1.3280 Inverse: 0.7530 0.8772 Inverse: 1.1400 6.7707 Inverse: 0.1477 0.7760 Inverse: 1.2887 71.0304 Inverse: 0.0141 18.9237 Inverse: 0.0528 52.4260 Inverse: 0.0191
1 AUD = 0.7170 Inverse: 1.3946 1.0000 0.9522 Inverse: 1.0502 0.6290 Inverse: 1.5898 4.8548 Inverse: 0.2060 0.5564 Inverse: 1.7973 50.9313 Inverse: 0.0196 13.5690 Inverse: 0.0737 37.5913 Inverse: 0.0266
1 EUR = 1.1400 Inverse: 0.8772 1.5898 Inverse: 0.6290 1.5139 Inverse: 0.6606 1.0000 7.7184 Inverse: 0.1296 0.8846 Inverse: 1.1305 80.9725 Inverse: 0.0124 21.5724 Inverse: 0.0464 59.7641 Inverse: 0.0167
1 GBP = 1.2887 Inverse: 0.7760 1.7973 Inverse: 0.5564 1.7114 Inverse: 0.5843 1.1305 Inverse: 0.8846 8.7256 Inverse: 0.1146 1.0000 91.5386 Inverse: 0.0109 24.3874 Inverse: 0.0410 67.5627 Inverse: 0.0148

Forecasting the EUR to INR exchange rate

The past can be a good indicator of the future. The sociopolitical atmosphere, interest and inflation rates, foreign trade, public debt and export-to-import price ratios all influence exchange rates. Check out the graph below to see how the euro has traded against the Indian rupee historically.

EUR to INR: Historical rate chart

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Updated: 17 Jan 2019 11:58:15 UTC

Compare today's rates from providers who can send EUR to INR

Rates last updated January 17th, 2019
Name Product Min. Transfer Amount Transfer Speed Services Description Online Transfer Fee Rate Amount Received
WorldFirst International Money Transfers
AUD 2,000
1 day
Online, Phone, Bank Account to Bank Account
Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.
TorFX International Money Transfers
AUD 200
1 day
Online, Phone, Bank Account to Bank Account
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.
OFX (Ozforex) International Money Transfers
AUD 250
1 - 2 days
Online, Phone, Bank Account to Bank Account
$0 transfer fees for Finder customers.
$0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.
WorldRemit International Money Transfers
AUD 1
Within an hour
Online, Bank Account to Bank Account, Cash Transfer
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Global Reach (formerly FC Exchange) International Money Transfers
AUD 3,000
1 day
Online, Phone, Bank Account to Bank Account
Global Reach will match any competitor's exchange rates. Conditions apply.
No transfer fee when transferring more than £10,000 or equivalent. Send money in over 130 currencies. No maximum transfer amount.
XE International Money Transfers
AUD 10,000
1 day
Online, Bank Account to Bank Account
With global payments provider XE, enjoy fast and secure transfers and a range of foreign currency tools and calculators while benefiting from $0 transfer fees.
FlashFX International Money Transfers
AUD 200
1 day
Online, Bank Account to Bank Account
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees.
Exclusive: InstaReM International Money Transfers
AUD 200
1 - 2 days
Online, Phone, Bank Account to Bank Account
Exclusive: finder customers receive $15 off their first transaction. T&Cs apply.
InstaReM offers simple and quick international money transfers with zero-margin exchange rates. There's a flat 0.5% transfer fee for most transfers. Earn loyalty points on sign up, referral and every transaction, plus finder customers receive $15 off first transfer (T&Cs apply).
TransferWise International Money Transfers
AUD 1
1 - 2 days
Online, Bank Account to Bank Account
Make online transfers with transparent exchange rates, low fees and low minimum amounts.
Remit2India International Money Transfers
AUD 50
Same day
Online, Bank Account to Bank Account
Instant transfers to India from anywhere in the world with $0 transfer fees.
New customers who create an account with Remit2India and make a transfer of AUD$500 or more for the first time will receive a complimentary $25 Coles/Myer e-voucher. Click 'Go to site' for T&Cs.
Hawk FX International Money Transfers
Hawk FX International Money Transfers
AUD 10,000
1 day
Online, Phone, Bank Account to Bank Account
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.

Compare up to 4 providers

Exchange rate history of EUR to INR

The euro continues to remain in second spot in the world’s most traded currencies table with 19 countries using it, up from the 11 that initially signed the common monetary agreement in 1999.

Restrictions that the Indian government places on the movement of the rupee outside the country can be a reason why the euro finds increased favour in international payments, but close to 20% of the world’s population still uses the INR. There have been noticeable fluctuations in the euro to rupee exchange rate in recent times, and both currencies rely on floating exchange rates.

Euro historically strong against rupee

From its launch in 1999 until hard currency hit the market in 2002, the euro was mostly limited to electronic transactions. From independence to the late 1990s, the value of the rupee steadily dropped because of public debt, weak economic competitiveness and high levels of inflation. In 1999, the euro was valued at INR50.

In the next two years, the value of the euro fluctuated in between INR40 and INR50, and it saw its low point of INR39.50 in May and October of 2000. The euro witnessed an upward trend in mid-2001, and by the end of 2002, it rose back to the INR50 mark.

From 2003 to 2008, the euro hovered between INR50 and INR60. When the subprime mortgage crisis in the US threatened to upset world markets in 2008, the euro held its own. During this period, its value in comparison to the rupee increased a lot, with the euro crossing the INR70 mark for the first time in September 2009.

Rupee fluctuates against a weaker euro

Due to the geographical distance between the Eurozone and India, the two currencies don't affect each other as much as, say, EUR/USD.

The global economic slowdown got to Europe by late 2009, which put considerable pressure on the Eurozone financial system, and the euro ended up going down in value against many currencies. In between November 2009 and June 2010, the euro went down by 18% in comparison to the rupee, settling at a little less than INR57.

Because of economic growth, the euro began to gain back value against the rupee, getting back to the INR70 mark by the end of 2011. From early 2012 to May 2013, the euro valued in between INR67 and INR72.

An announcement by the US Federal Reserve saying it would cut back on its quantitative easing program saw a surge in investors pulling their money out of India alongside the worsening inflation of the rupee. This saw the euro reach the historic INR90 mark in August 2013.

Another reversal came towards the end of 2014. India had a newly elected government that promised significant economic reforms. This boosted investor confidence, which lead to a slight strengthening of the rupee. The Greek government, on the other hand, revived fears of it exiting the Eurozone. This combined with the euro’s tip into deflation got the euro down to INR69.54 in March 2015. The result was a 15% fall in the preceding six months.

Countries using the euro as currency

Countries
AustriaBelgium
CyprusEstonia
FinlandFrance
GermanyGreece
IrelandItaly
LatviaLithuania
LuxembourgMalta
NetherlandsPortugal
SlovakiaSlovenia
Spain

Laws and legal documents when transferring large sums of money into Europe
Picture: Shutterstock

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International Money Transfer Offers

Important Information*
TorFX International Money Transfers

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.

WorldFirst International Money Transfers

Send 60+ currencies at competitive rates with $0 transfer fees for Finder customers. WorldFirst will beat any eligible quote from another provider.

OFX (Ozforex) International Money Transfers

$0 transfer fees for Finder customers. $0 transfer fee on transfers over AU$10,000, $15 flat fee applies otherwise. 24-hour customer service available with a local support team.

WorldRemit International Money Transfers

An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.

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