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EUR to INR - Rate Guide

Euro 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.

 

EUR/INR update & alerts

1 EUR = 78.8 INR

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EUR to INR - Trading Range (90 Day)
ALERT: 14-DAY LOWS 🔔 |
EUR/INR at 78.8 is trading near the 90-day average 79.01 with a range 78.03 to 80.39. ALERT: EUR/INR has dropped to 14-DAY LOWS.
17-Jan-2020 16:NY 21:LON 08:SYD+1d

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EUR/INR Exchange Rates and Providers Compared

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

 
  

EUR to INR International Money Transfers

  

Foreign Transfer ProvidersReceive INR(₹)Exchange RateFee EURTotal CostDeal Links
WorldFirst logo
392,200
Best Overall
78.4400.5%
OFX logo
383,700
₹8,500 less
76.740 for BER users (normally $15)2.65%
TorFX logo
383,350
₹8,850 less
76.6702.74%
HSBC logo
375,636
₹16,564 less
75.24€7.54.7%
Deutsche Bank International Money Transfers
Deutsche Bank logo
372,092
₹20,108 less
75.17€505.6%
Citibank International Money Transfers
Citibank logo
371,855
₹20,345 less
74.55125.66%
Santander International Money Transfers
Santander logo
369,765
₹22,435 less
74.25206.19%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
369,232
₹22,968 less
74.38126.32%
BNP Paribas International Money Transfers
BNP Paribas logo
368,775
₹23,425 less
74.5€506.44%
Bank of Ireland International Money Transfers
Bank of Ireland logo
367,538
₹24,662 less
74.25€506.75%
Crédit Agricole International Money Transfers
Crédit Agricole logo
364,865
₹27,335 less
73.71€507.43%
AIB Bank International Money Transfers
AIB Bank logo
363,330
₹28,870 less
73.4€507.82%
 
WorldFirst logo
WorldFirst: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:
Exchange Rate:78.44 (0.5% from mid-rate)
To Amount (INR)392,200
Total Cost:0.5%
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:76.74 (2.65% from mid-rate)
To Amount (INR)383,700
Total Cost:2.65%
Difference:
₹8,500 INR less than using WorldFirst
Time:
Rate Fetched: Fri Jan 17 2020 17:12:48 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:0
Exchange Rate:76.67 (2.74% from mid-rate)
To Amount (INR)383,350
Total Cost:2.74%
Difference:
₹8,850 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:75.24 (4.56% from mid-rate)
To Amount (INR)375,636
Total Cost:4.7%
Difference:
₹16,564 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:75.17 (4.64% from mid-rate)
To Amount (INR)372,092
Total Cost:5.6%
Difference:
₹20,108 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:12
Exchange Rate:74.55 (5.43% from mid-rate)
To Amount (INR)371,855
Total Cost:5.66%
Difference:
₹20,345 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:20
Exchange Rate:74.25 (5.81% from mid-rate)
To Amount (INR)369,765
Total Cost:6.19%
Difference:
₹22,435 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:12
Exchange Rate:74.01 (6.12% from mid-rate)
To Amount (INR)369,232
Total Cost:6.32%
Difference:
₹22,968 INR less than using WorldFirst
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:74.5 (5.49% from mid-rate)
To Amount (INR)368,775
Total Cost:6.44%
Difference:
₹23,425 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:74.25 (5.81% from mid-rate)
To Amount (INR)367,538
Total Cost:6.75%
Difference:
₹24,662 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:73.71 (6.5% from mid-rate)
To Amount (INR)364,865
Total Cost:7.43%
Difference:
₹27,335 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→INR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:73.4 (6.89% from mid-rate)
To Amount (INR)363,330
Total Cost:7.82%
Difference:
₹28,870 INR less than using WorldFirst
Time:18:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/17/2020 - 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.

  

Indian rupee Travel Money

  

Travel Money ProvidersAmount INR(₹)Exchange RateFee EURTotal CostDeal Links
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
70,419
Compare
71.13€1010.67%
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→INR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:71.13 (9.77% from mid-rate)
To Amount (INR)70,419
Total Cost:10.67%
Time:18:05 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 01/17/2020 - See full table

EUR and INR in the Markets

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

Euro (EUR)

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

Read more in the article EUR 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 EUR/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 EUR / 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.

 

View all EUR Exchange Rates