Switch
eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

AUD to INR Forecasts 2021

While a decrease in AUD/INR was forecast in 2020, the opposite occurred and that's been great news for Indian expat workers.

Australian dollar to Indian rupee bank forecasts

Unlike Latin American countries, which continue to benefit from a U.S. recovery, Asian countries are vulnerable to economic austerity in Saudi Arabia and elsewhere in the Middle East due to the drop in demand for Oil during the Covid pandemic. More than 60% of remittances to India, Bangladesh and Pakistan come from Gulf countries.

In 2020, from the initial pandemic shock in March through to the end of the year, AUD/INR rose 30 percent, welcome news for Indian expat workers, who represent one of the largest groups remitting money from Australia.

 
AUDINR at 57.21 is 2.1% above its 90-DAY average, range 54.14-57.63.
🔔 AUDINR is DOWN 0.7% TODAY.
|
Alert:1-DAY0.7% |

 

Note that forecasts and predictions for the AUD/INR exchange rate change all the time, affected by news events and relative sentiment towards the Australian and Indian and this exchange rate is even more volatile than usual because of the uncertainties around the Coronavirus pandemic.

 

 

Australian Dollar in the markets

The pandemic year 2020 saw solid gains for the AUD against the majority of currencies, in particular from the initial pandemic driven market volatility in March right through to the end of the year. This was off the back of positive sentiment which continues to drive direction into 2021. The end of February sees the Aussie dollar nudging 0.90 US cents.

Australian Dollar Forecasts 2021

 

Indian Rupee in the markets

The Indian rupee was Asia’s worse performing currency in 2020, but compared to previous crises performed relatively well.

Indian Rupee Forecasts 2021

 

What is a good AUD to INR exchange rate?

Whether the Australian dollar will rise or drop in the future versus the rupee is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the AUD to INR exchange rate to the present day for periods going back upto 10 years:

 
AUD/INRChangePeriod
56.4081
18 Feb 2021
2.2% ▲1 Week
56.5350
26 Jan 2021
1.9% ▲30 Days
54.6053
27 Nov 2020
5.5% ▲90 Days
46.9255
26 Feb 2020
22.8% ▲1 Year
48.9976
27 Feb 2016
17.6% ▲5 Years
46.0243
28 Feb 2011
25.2% ▲10 Years

AUD/INR 10 year historic rates & change to 25-Feb-2021 : 57.6326


 
Please note that the opinions of our authors are their own and do not reflect the opinion of Best Exchange Rates and should not be taken as a reference to buy or sell any financial product.