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AUD/INR - Convert Compare Save

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.

 

This resource page for the Australian Dollar to Indian Rupee exchange rate, has news, forecasts and AUD to INR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

AUD/INR Exchange Rates - How to Compare & Save

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.

 
Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee AUDTotal CostDeal Links
WorldFirst logo
482,600 INR
Best Overall
48.2600.5%
OFX (OzForex) logo
469,200 INR
13,400 INR
46.920^3.27%
TorFX logo
468,700 INR
13,900 INR
46.8703.37%
National Australia Bank (nab) logo
467,769 INR
14,831 INR
46.88223.56%
ANZ Bank logo
467,317 INR
15,283 INR
46.816183.65%
Banks - Average Rate
National Australia Bank (nab) logo ANZ Bank logo Bank of Queensland logo
463,206 INR
19,394 INR
46.43154.5%
Bank of Queensland logo
454,532 INR
28,068 INR
45.59306.29%
WorldFirst: Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:
Exchange Rate:48.26 (0.5% from mid-rate)
INR amount:482,600 INR
Total Cost:0.5%
Time:4:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
OFX (OzForex): Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:46.92 (3.27% from mid-rate)
INR amount:469,200 INR
Total Cost:3.27%
Difference:
13,400 INR less than using WorldFirst
Time:
Rate Fetched: Sat Aug 24 2019 02:01:14 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:46.87 (3.37% from mid-rate)
INR amount:468,700 INR
Total Cost:3.37%
Difference:
13,900 INR less than using WorldFirst
Time:4:00 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
National Australia Bank (nab): Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:46.88 (3.35% from mid-rate)
INR amount:467,769 INR
Total Cost:3.56%
Difference:
14,831 INR less than using WorldFirst
Time:
Rate Fetched: website - Sat Aug 24 2019 01:05:02 GMT+0000 (UTC)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
ANZ Bank: Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:18
Exchange Rate:46.816 (3.48% from mid-rate)
INR amount:467,317 INR
Total Cost:3.65%
Difference:
15,283 INR less than using WorldFirst
Time:
Rate Fetched: website - Sat Aug 24 2019 02:03:03 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
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:46.52 (4.09% from mid-rate)
INR amount:463,206 INR
Total Cost:4.5%
Difference:
19,394 INR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of Queensland: Foreign Transfer AUD→INR
AUD amount:$10,000 AUD
Fee:30
Exchange Rate:45.59 (6.01% from mid-rate)
INR amount:454,532 INR
Total Cost:6.29%
Difference:
28,068 INR less than using WorldFirst
Time:
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 3/5.0
Reviews:
 
Snapshot 08/24/2019 - 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
Travelex Online AU logo
41,864 INR
Best Overall
41.8643$0 BPay, Card 0.72%-1%13.69%
Travelex Online AU: Travel Money AUD→INR
AUD amount:$1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:41.8643 (13.69% from mid-rate)
INR amount:41,864 INR
Total Cost:13.69%
Time:
Rate Fetched: Sat Aug 24 2019 02:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 08/24/2019 - See full table

AUD to INR interbank exchange rate = 48.5045

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 Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on AUD/INR exchange rates

Foreign Transfers Travel Money

Foreign Transfers Travel Money

   

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)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

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. Westpac has predicted three cuts this year.

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