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

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

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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.

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: 14 Dec 2019 13:20:40 UTC

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

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
AUD 2,000 1 day EUR 0.00 78.296 INR
782,958
Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.
Go to site Show details
AUD 2,000 1 day EUR 0.00 78.296 INR
782,958
SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.
Go to site Show details
AUD 250 1 - 2 days EUR 0.00 78.296 INR
782,958
$0 transfer fees for Finder customers.
No-maximum limit transfers with competitive exchange rates for 100+ currencies. No transfer fee over AUD$10,000.
Go to site Show details
GBP 3,000 1 day EUR 0.00 78.296 INR
782,958
Global Reach will match any competitor's exchange rates. Conditions apply.
Get no fees as a Finder customer when you transfer your money overseas with Global Reach.
Go to site Show details
AUD 2,000 1 day EUR 0.00 78.296 INR
782,958
BFX can help you send fee-free transfers to 30+ currencies. Go to site Show details
AUD 5 1 - 2 days EUR 3.00 77.824 INR
778,008
Special offer: Zero fees on your first 10 transfers.
Get bank-beating exchange rates and fast transfer times on 15+ popular currencies.
Go to site Show details
AUD 1 Within an hour EUR 3.99 77.667 INR
776,359
Use promo code 3FREE to send your first 3 transfers with no fee.
An online money transfer service with cash pickup, bank account to bank account and airtime transfers available.
Go to site Show details
AUD 1 1 - 2 days EUR 60.00 78.609 INR
781,378
Make online transfers at the mid-market rate with transparent fees in 45+ currencies. Go to site Show details
AUD 200 1 day EUR 0.00 77.981 INR
779,814
Low minimum transfer amount of just AU$200, with no set-up fees or transfer fees. Go to site Show details

Compare up to 4 providers


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.

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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ANZ International Money Transfer

Transfer to over 99 countries via online banking, phone banking or through an ANZ bank branch.

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TorFX International Money Transfers

TorFX guarantees to match any competitor's exchange rate. Conditions apply.
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WorldFirst International Money Transfers

Better exchange rates for Finder customers.
Send 60+ currencies at competitive rates and no fees. If you find a better eligible quote, WorldFirst will beat it.

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SendFX International Money Transfers

SendFX guarantees to match any competitor's exchange rate. T&Cs apply.
Fee-free transfers in 30+ currencies to over 200 countries.

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