1. Exchange Rates
  2. Canadian dollar (CAD)
  3. Indian rupee (INR)

Convert CAD to INR at Best Exchange Rates


There are three amounts that you need to understand if you are to have any chance of getting the best possible CAD to INR rate, these are :

  1. The CAD/INR foreign exchange market mid-rate
  2. The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider
  3. Any fixed or percentage fees for your transfer or currency exchange.

1 Canadian dollar equals
Indian rupee 1=


Right now the CAD/INR market rate is and represents how many Indian rupee you can get for one Canadian dollar. You can calculate with the current mid-rate using our CAD to INR calculator below but note the rate will most likely be quite different by the time you make you currency exchange.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time comparison calculators make shopping around easy and help you calculate how much you can save.



Why can't I just get the same CAD/INR market rate I see on Google or in the Media?

When you look up the current Canadian dollar to Indian rupee exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

CAD to INR mid-rate on google

CAD to INR mid-rate on google search

Getting a great CAD to INR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below CAD to INR calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Canadian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.

CAD to INR mid-rate calculator

$
1 CAD equals
INR 1CAD=INR

Loading CAD/INR Chart

Canadian dollar - Recent Performance

Having climbed to a 26-month high against the dollar of 0.829 (USD/CAD 1.206) in September following an unexpected Bank of Canada rate hike, the Canadian dollar spent much of the next five weeks losing value. By mid-October, the “loonie” had weakened back to 0.794 (USD/CAD 1.259). Softness in the currency reflected an improved outlook for USD and concerns that NAFTA negotiations with the US and Mexico might unravel.

Interestingly, in the five or so weeks prior to this report, the Canadian dollar had relaxed its dependency on oil as a driver of its valuation. During this period, prices for US oil futures rose more than 10%, yet the Canadian dollar weakened by 4% against the US dollar and by 1% against the euro.

In September, Dutch bank ABN Amro predicted that CAD would strengthen to 1.12 per USD by the end of 2018. As its reasons, ABN cited “strong conviction” on future USD weakness, future commodity price rises, an improvement in global trade and further rate hikes by the Bank of Canada.

With two rate hikes under its belt since July, the Bank of Canada is one of only two major central banks (together with the US Federal Reserve) to have entered a policy tightening cycle.

Analysts at Scotiabank predicted in September that Canadian interest rates would be raised to 1.75% by the end of 2018; they stand currently at 1%.

Indian rupee - Recent Performance

The rupee had a difficult September, ending the month at 65.44 per dollar, which meant that it had given back 40% of the 2017 gains it once held over USD (the rupee had been as strong as 63.53 per dollar on August 3rd).

The rupee had been one of the stars of the early part of the year, strengthening 6% against the dollar between January and April. However, between May and August, seasonal factors and a drop in market volatility meant that USD/INR spent much of the June-August period drifting sideways along the 64.0 handle.

While we could blame Donald Trump for the rupee’s September nosedive (Trump reignited the US reflation trade with September’s proposed corporate tax cuts) the reality is that the rupee remains weak by recent standards against many of the majors, especially the Canadian dollar, euro and British pound.

In September, AUD/INR once again tested 52.0, and once again was repelled. This resistance level is one of the strongest in FX and a break above it could see the rupee enter a long-term decline against the Australian dollar.

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