What's in this CAD to INR exchange rate review?
Canadian Dollar to Indian Rupee - Quick Conversions
|C$ 1||₹ 56.11|
|C$ 5||₹ 280.55|
|C$ 10||₹ 561.10|
|C$ 20||₹ 1,122|
|C$ 50||₹ 2,806|
|C$ 100||₹ 5,611|
|C$ 250||₹ 14,028|
|C$ 500||₹ 28,055|
|C$ 1,000||₹ 56,110|
|C$ 2,000||₹ 112,220|
|C$ 5,000||₹ 280,550|
|C$ 10,000||₹ 561,100|
|C$ 50,000||₹ 2,805,500|
|C$ 100,000||₹ 5,611,000|
To calculate other CAD/INR amounts try our home-page Convert CAD to INR quick converter.
Comparing Retail Exchange Rates
The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.
Country Guides - Indian Rupee
Canadian Dollar - Indian Rupee Forecasting
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 combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along. The combination of an eroded US interest yield advantage, a broadly positive riskon mood and renewed euro demand, could be a catalyst to push the Canadian dollar along.
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.
Read more in the article CAD Forecasts.
Indian Rupee (INR)
Indian rupee is up around 5% against the US dollar for 2020 (in August) and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade - the ability to earn higher interest when holding INR versus other major currencies.
Read more in the article INR Forecasts.
How to get Best CAD to INR Exchange Rates
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).
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.
What is a good CAD to INR exchange rate?
This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Canadian Dollar vs Indian Rupee current value is to look the CAD/INR historic rate and change over a range of periods.
The following table looks at the change in the CAD to INR exchange rate over periods from the previous week back to the last 10 years.
|03 Aug 2020 : 56.1052||0.1% ▼||1 Week|
|11 Jul 2020 : 55.3376||1.3% ▲||30 Days|
|12 May 2020 : 53.5161||4.8% ▲||90 Days|
|11 Aug 2019 : 53.7426||4.3% ▲||1 Year|
|12 Aug 2015 : 49.8411||12.5% ▲||5 Years|
|13 Aug 2010 : 44.8559||25% ▲||10 Years|
When is the best time to exchange CAD to INR?
Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.
Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.