The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
INR to EUR Market Data
Indian rupee (INR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the INR to EUR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Indian rupee against the Euro is to review how the INR/EUR rate has changed over time.
The table below shows the percentage change in the INR to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Recent forecasts on the INR to USD exchange rate indicate a bearish outlook for the Indian Rupee, primarily driven by a confluence of domestic and international factors.
Recent forecasts concerning the USD to EUR exchange rate indicate a bearish outlook for the US dollar (USD) while the euro (EUR) experiences limited strength.
Current market bias: Bearish.
Key drivers:
- The European Central Bank is maintaining its interest rates, which may keep the euro in check due to inflation concerns.
- India's economy shows signs of resilience with positive growth forecasts, but the rupee could weaken against the dollar.
- Oil prices trading below average may add uncertainty to the EUR to INR outlook.
Near-term range: The exchange rate may continue fluctuating around recent highs, trading above the 3-month average.
What could change it: Upside risk if stronger-than-expected economic data from Europe boosts the euro; downside risk if the Indian rupee weakens further against the dollar.
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Tweet: EUR/INR bias is currently bearish. ECB's steady rates may hamper euro strength amid inflation risks, while India's resilience shows growth forecasts. Watch for volatility as the rupee could weaken vs. USD, impacting EUR/INR outlook
@bestfxrates
INR to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Indian rupee are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different INR amounts at today’s rate * :
What is the
best Send Money conversion rate for INR to EUR?
The best INR to EUR exchange rate is 0.0093 from Wise. This is -1.6% compared to the mid-market rate 0.009449.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Indian rupee (INR) to Euro (EUR) rates from different sources before making a conversion.
The above
Rupee to Euro comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest INR-EUR mid-rate and the possible savings of using various providers.
How do INR-EUR rates compare between providers?
Looking at the full
INR to EUR - Send Money comparison table the provider with the best INR to EUR exchange rate is Wise at 0.0093, -1.6% from the latest mid-market rate 0.009449.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.