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CAD to INR - Rate Guide

Canadian 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.

 

CAD/INR update & alerts

1 CAD = 54.26 INR

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CAD to INR - Trading Range (90 Day)
14-DAY LOW (1d)
CAD/INR at 54.32 is trading near the 90-day average 54.17 with a range 53.52 to 55.4. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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CAD/INR Exchange Rates and Providers Compared

This guide to the Canadian Dollar to Indian Rupee exchange rate with 90-day chart & alerts, historic rates, forecasts and CAD 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 CAD/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 CAD/INR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

CAD to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee CADTotal CostDeal Links
XE logo
536,000
Best Overall
53.601.25%
OFX logo
527,800
₹8,200 less
52.780^2.76%
TD Canada Trust logo
516,879
₹19,121 less
52.21C$1004.77%
HSBC logo
516,724
₹19,276 less
51.75C$154.8%
Banks - Average Rate
Coast Capital Savings logo Scotiabank logo HSBC logo TD Canada Trust logo Royal Bank of Canada logo
513,205
₹22,795 less
51.75155.45%
Coast Capital Savings International Money Transfers
Coast Capital Savings logo
512,919
₹23,081 less
51.81C$1005.5%
Scotiabank logo
512,325
₹23,675 less
51.75C$1005.61%
Royal Bank of Canada logo
507,177
₹28,823 less
51.23C$1006.56%
 
XE logo
XE: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:
Exchange Rate:53.6 (1.25% from mid-rate)
To Amount (INR)536,000
Total Cost:1.25%
Time:6:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for smaller transfers)
Exchange Rate:52.78 (2.76% from mid-rate)
To Amount (INR)527,800
Total Cost:2.76%
Difference:
₹8,200 INR less than using XE
Time:
Rate Fetched: Fri Jan 24 2020 06:05:56 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TD Canada Trust logo
TD Canada Trust: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:52.21 (3.81% from mid-rate)
To Amount (INR)516,879
Total Cost:4.77%
Difference:
₹19,121 INR less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$15 CAD (.15%)
Exchange Rate:51.75 (4.65% from mid-rate)
To Amount (INR)516,724
Total Cost:4.8%
Difference:
₹19,276 INR less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:15
Exchange Rate:51.56 (5% from mid-rate)
To Amount (INR)513,205
Total Cost:5.45%
Difference:
₹22,795 INR less than using XE
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Coast Capital Savings logo
Coast Capital Savings: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:51.81 (4.54% from mid-rate)
To Amount (INR)512,919
Total Cost:5.5%
Difference:
₹23,081 INR less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Scotiabank logo
Scotiabank: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:51.75 (4.65% from mid-rate)
To Amount (INR)512,325
Total Cost:5.61%
Difference:
₹23,675 INR less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Royal Bank of Canada logo
Royal Bank of Canada: Foreign Transfer CAD→INR
From Amount (CAD)C$10,000
Fee:C$100 CAD (1%)
Exchange Rate:51.23 (5.61% from mid-rate)
To Amount (INR)507,177
Total Cost:6.56%
Difference:
₹28,823 INR less than using XE
Time:6:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 01/24/2020 - 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 CADTotal CostDeal Links
Banks - Average Rate Foreign Currency
47,015
Compare
47.49C$1013.38%
 
Banks - Average Rate
Travel Money CAD→INR
From Amount (CAD)C$1,000
Fee:C$10 CAD (1%)
Exchange Rate:47.49 (12.5% from mid-rate)
To Amount (INR)47,015
Total Cost:13.38%
Currency Services:Branch
Delivery/Collect:-
 
Snapshot 01/24/2020 - See full table

CAD and INR in the Markets

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

Canadian Dollar (CAD)

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

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian dollar news and forecasts.

Read more in the article CAD 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 CAD/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 CAD / 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.

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.

 

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