Convert CAD to INR at Best Exchange Rates
There are three simple steps you need to take in order to get a good CAD-INR exchange rate:
- Know the latest CAD to INR market mid-rate shown above - this is your starting point!
- Compare your Bank's exchange rates to several licensed FX providers, remember to compare both the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
- Review up-to-date Currency News and Forecasts for both the Canadian dollar and Indian rupee currencies, if available.
1. Market CAD/INR mid-rate
Right now the CAD/INR market rate is and represents how many Indian rupee you can get for one Canadian dollar.
Calculate equivalent currency amounts with this CAD to INR currency converter then select the transaction type to compare the best exchange rates available.
Currency Converter CAD to INR
Canadian dollar to Indian rupee (CAD-INR) - 10 Year History
|20 Jun 2018||51.1981||Latest|
|13 Jun 2018||52.1295||1 Week||-1.79%|
|21 May 2018||53.3117||1 Month||-3.96%|
|22 Dec 2017||50.2930||6 Months||+1.8%|
|20 Jun 2017||48.7205||1 Year||+5.09%|
|20 Jun 2016||52.5790||2 Years||-2.63%|
|21 Jun 2013||57.0451||5 Years||-10.25%|
|22 Jun 2008||42.2450||10 Years||+21.19%|
The CAD/INR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the CAD / INR was traded (bought or sold) in the international markets.
The closer your final exchange rate is to the market / midrate the better deal you are getting.
2. Transaction Costs - Margins and Fees for CAD/INR Foreign Exchange
The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
CAD to INR Foreign Transfer - Costs Compared
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from CAD to INR.
Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote
Compare Foreign Transfers
Sending CAD 10,000 to INR
Fees: CAD 15
Rate timestamp : Thu Jun 21 2018 05:07:50 GMT+0000 (UTC)
Fees: CAD 15
Travel Money CAD to INR - Costs Compared
The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Travel Money Exchange Rates Compared
Buying INR Cash with CAD 1,000
Fees: CAD 0
Rate timestamp : 5:10 Local
Fees: CAD 10 (1%)
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.
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 our CAD to INR currency converter to calculate equivalent amounts in each currency 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.
3. Currency News, Research and Forecasts for Canadian dollar and Indian rupee
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.
So it follows that if you are determining the best time to transact, in this case the CAD vs INR, you should pay attention to both Canadian dollar and Indian rupee news and forecasts.
Canadian dollar (CAD) - Market news and forecasts
The Canadian dollar was the worst performing G10 currency in the first quarter of 2018 but in the first two months of the second quarter, it bettered all but the US dollar.
In April and May, against USD, CAD weakened marginally to $0.77 from $0.776; but CAD gained handsomely against the euro (and several other currencies), climbing to €0.662 from €0.629 (it had been only €0.619 in mid-March).
In March, TD Securities described CAD as “really expensive…from a global macro level and also from the local level of trade risk.” With the currency’s broad appreciation in the second quarter, presumably, as of writing, it is even more overvalued.
Being a growth-sensitive currency, CAD’s outlook is closely tied to that of global growth, and this is being threatened in 2018 by the trade policies of the US. The powers that be in the world’s largest economy have so far threatened China with massive tariffs and have imposed tariffs on steel and aluminium products sourced globally (Canada may or may not be excluded from this policy, depending on how much ground it gives during NAFTA negotiations – see below). Then, after a month or so of calm, trade tensions resurfaced in May after Washington announced it would be scrutinizing automobile imports.
Vital to CAD’s outlook is NAFTA. The market consensus remains for an 8-10% drop in CAD's value should NAFTA negotiations with the US and Mexico fail.
Supporting CAD in 2018 has been oil, which has climbed to long-term highs.
Indian rupee (INR) - Market news and forecasts
Against the dollar, the rupee remains weak by recent standards: it fell to an eighteen-month low in May and at the time of this report had recovered only 2.5 percent; although, on June 1st it did have one of its best days in recent years after data showed India’s economy growing faster than any other in the world. The rupee is also weak compared with other major currencies like the yen, euro and Chinese yuan.
According to one analyst, without higher Indian interest rates, the rupee will weaken again.
The RBI has not raised rates since 2011 but to do so would be to follow in the footsteps of its peers. Four emerging market central banks raised rates in May in order to counter higher US interest rates and the stronger dollar, which are equally bothersome to India.
Further to inflation, which is already above target, among factors to be considered by the RBI ahead of any hike are the recent escalation in global trade tensions, the high price of oil (India’s largest import) and a troubled banking sector.
Come July, seasonal factors will support the rupee. The April-June period each year is usually a time when the rupee loses value due to India’s heightened gold demand heading into the Hindu festival of Akshaya Tritiya.