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AUD to INR - Rate Guide

Australian Dollar to Indian Rupee exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD/INR update & alerts

1 AUD = 48.83 INR

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AUD to INR - Trading Range (90 Day)
14-DAY LOW (4d)
AUD/INR at 48.85 is trading near the 90-day average 48.84 with a range 47.83 to 49.98. There are no current rate alerts.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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AUD/INR Exchange Rates and Providers Compared

This guide to the Australian Dollar to Indian Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to INR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/INR Quick Calculator.

Looking for INR travel money? Then it is important to note that the Indian Rupee is a closed currency. Which means that it is more difficult (but not impossible) to purchase the currency before departure and may need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees. Compare Travel Cards

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AUD/INR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

AUD to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee AUDTotal CostDeal Links
OFX (OzForex) logo
474,700
Best Overall
47.470^2.79%
WorldFirst logo
485,900
₹11,200 more
48.5900.5%
TorFX logo
474,200
₹500 less
47.4202.89%
National Australia Bank (nab) logo
473,456
₹1,244 less
47.45223.05%
ANZ Bank logo
470,112
₹4,588 less
47.096183.73%
Banks - Average Rate
National Australia Bank (nab) logo Westpac logo ANZ Bank logo Bank of Queensland logo
466,488
₹8,212 less
46.75154.47%
Westpac logo
464,759
₹9,941 less
46.569204.83%
Bank of Queensland logo
457,623
₹17,077 less
45.9306.29%
 
OFX (OzForex) logo
OFX (OzForex): Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:47.47 (2.79% from mid-rate)
To Amount (INR)474,700
Total Cost:2.79%
Time:
Rate Fetched: Sat Jan 18 2020 05:01:37 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
WorldFirst logo
WorldFirst: Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:
Exchange Rate:48.59 (0.5% from mid-rate)
To Amount (INR)485,900
Total Cost:0.5%
Difference:
₹11,200 INR more than using OFX (OzForex)
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:47.42 (2.89% from mid-rate)
To Amount (INR)474,200
Total Cost:2.89%
Difference:
₹500 INR less than using OFX (OzForex)
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
National Australia Bank (nab) logo
National Australia Bank (nab): Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:22
Exchange Rate:47.45 (2.83% from mid-rate)
To Amount (INR)473,456
Total Cost:3.05%
Difference:
₹1,244 INR less than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Jan 18 2020 05:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
ANZ Bank logo
ANZ Bank: Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:18
Exchange Rate:47.096 (3.56% from mid-rate)
To Amount (INR)470,112
Total Cost:3.73%
Difference:
₹4,588 INR less than using OFX (OzForex)
Time:
Rate Fetched: website - Sat Jan 18 2020 05:03:04 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:15
Exchange Rate:47.07 (3.61% from mid-rate)
To Amount (INR)466,488
Total Cost:4.47%
Difference:
₹8,212 INR less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Westpac logo
Westpac: Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:20
Exchange Rate:46.569 (4.64% from mid-rate)
To Amount (INR)464,759
Total Cost:4.83%
Difference:
₹9,941 INR less than using OFX (OzForex)
Time:
Rate Fetched: website - Fri Jan 17 2020 21:30:03 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Bank of Queensland logo
Bank of Queensland: Foreign Transfer AUD→INR
From Amount (AUD)A$10,000
Fee:30
Exchange Rate:45.9 (6.01% from mid-rate)
To Amount (INR)457,623
Total Cost:6.29%
Difference:
₹17,077 INR less than using OFX (OzForex)
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Snapshot 01/18/2020 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount INR(₹)Exchange RateFee AUDTotal CostDeal Links
Foreign Xchange logo
44,930
Best Overall
44.93$10 Home Delivery & AusPost collect7.99%
 
Foreign Xchange logo
Foreign Xchange: Travel Money AUD→INR
From Amount (AUD)A$1,000
Fee:$10 Home Delivery & AusPost collect, No other Fees
Exchange Rate:44.93 (7.99% from mid-rate)
To Amount (INR)44,930
Total Cost:7.99%
Time:6:01 Local
Currency Services:Order online. Home Delivery and Australia Post Collection for a flat $10 fee
Delivery/Collect:3 business days
Rating:
 
: 4/5.0
Reviews:
 
Snapshot 01/18/2020 - See full table

AUD to INR Forecasts

A decrease in AUD/INR is expected in 2019, and that's bad news for Indian expat workers, who represent one of the largest groups remitting money from Australia.  Read more

AUDINR blended flags

AUD and INR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AUD vs INR, you should pay attention to the recent market trends for both currencies.

Australian Dollar (AUD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely. In November it had been all downhill traffic for the Aussie dropping back from highs close to 70c at the beginning of the month to around 67c against the USD by month end.

At the end of October the AUD had surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations.

For AUD forecasts and predictions read our Australian Dollar Forecasts report.

Read more in the article AUD Forecasts.

 

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

Why can't I just get the AUD/INR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AUD / INR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

AUDINR blended flags

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AUD Exchange Rates