1. Exchange Rates
  2. Euro (EUR)
  3. Indian rupee (INR)

Convert EUR to INR at Best Exchange Rates

1 Euro equals
Indian rupee 1EUR=INR

There are three simple steps you need to take in order to get a good EUR-INR exchange rate:

  1. Know the latest EUR to INR market mid-rate - this is your starting point!
  2. Compare your Bank and licensed FX provider transaction costs, including the exchange rate margins as well as the various types of fees. These margins and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Euro and Indian rupee currencies, if available.

1. Market EUR/INR mid-rate

Right now the EUR/INR market rate is and represents how many Indian rupee you can get for one Euro.

Calculate equivalent currency amounts with this EUR to INR currency converter then select the transaction type to compare the best exchange rates available.

Currency Converter EUR to INR

1 EUR equals

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

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EUR-INR 3 Month chart
EUR-INR 3 Month chart

Euro to Indian rupee (EUR-INR) - 10 Year History

DateExchange RatePeriodChange
22 May 201880.1765Latest
15 May 201880.94511 Week-0.95%
22 Apr 201881.26091 Month-1.33%
23 Nov 201776.54366 Months+4.75%
22 May 201772.49651 Year+10.59%
22 May 201675.65602 Years+5.98%
23 May 201371.95585 Years+11.42%
24 May 200867.265810 Years+19.19%

The EUR/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 EUR / 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 EUR/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.

EUR 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 EUR to INR.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending EUR 5,000 to INR

OFX logo OFX
₹392,550 INR (2.07%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: ₹392,550 INR
Exchange Rate: 78.51
Fees: EUR 0
Total Cost : 2.07% (from mid-rate: 80.1656)
This is the amount of money that could be received by your transfer at rate EUR/INR=78.51 and inclusive of the fee of EUR 0.
Rate timestamp : Tue May 22 2018 23:17:04 GMT+0000 (UTC)
Bank Rates - Average
₹377,492 INR (5.82%)
This is the average EUR to INR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

Price Details
Receive: ₹377,492 INR
Exchange Rate: 75.68
Fees: EUR 12
Total Cost : 5.82% (from mid-rate: 80.1656)
Receive INR ₹15,058 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate EUR/INR=75.68 and inclusive of the fee of EUR 12.

Travel Money EUR 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 EUR 2,000

Bank Rates - Average
₹144,421 INR (9.92%)
This is the average EUR to INR Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

Price Details
Receive: ₹144,421 INR
Exchange Rate: 72.94
Fees: EUR 20 (1%)
Total Cost : 9.92% (from mid-rate: 80.1656)
Amount of money that could be received by your currency exchange at rate EUR/INR=72.94 and inclusive of the fee of EUR 20 (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 EUR/INR market rate I see on Google or in the Media?

When you look up the current Euro 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.

EUR to INR mid-rate on google

EUR to INR mid-rate on google search

Getting a great EUR 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 EUR 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 Euro cross rates and reviews of leading foreign exchange providers versus the Banks.

3. Currency News, Research and Forecasts for Euro 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 EUR vs INR, you should pay attention to both Euro and Indian rupee news and forecasts.

Euro (EUR) - Market news and forecasts

Against the US dollar, after reaching a three-year high of 1.256 in mid-February, the euro fell back into the mid-1.18s by mid-May. The euro lost value against the greenback due to the latter currency’s recoupling with interest rate expectations. Higher US yields had pushed the dollar higher across the board.

Against sterling, the euro is little changed since September of last year (it’s marginally lower). EUR/GBP continues to trade above and below 0.88.

Anticipating an end-of-year reduction in the level of ECB quantitative easing, Stephen Gallo of BMO Capital has predicted a summer rally in the euro – a rally that will eventually drive EUR/USD to 1.30 in the first half of 2019.

Danske Bank are predicting euro weakness against the British pound in the near-term, with a mid-August forecast of 0.865.

Indian rupee (INR) - Market news and forecasts

The rupee has been something of a casualty in 2018.

Between January 8th and April 27th – the time of this report – the rupee lost 5.2 percent of its value against the US dollar, lost 6.1 percent against the euro and 8.5 percent against the yen. USD/INR, at 66.61, was trading at one-year highs (rupees lows).

A widening current account deficit and higher oil prices are weighing on the rupee. Since India is required to import a great deal of oil, the rupee has suffered from oil’s rally towards $70 per barrel this year. Capital outflows are also driving the rupee lower. As yields on US debt have firmed, investors have pulled billions from the riskier Indian bond markets and placed them into Treasuries.

In April, Standard Chartered and ANZ both cut their 2018 forecasts for the rupee. ANZ foresees USD/INR at 67 at year-end, while Standard Chartered goes with 65.5. TD Securities said that the rupee would likely decrease in value but declined from giving precise FX targets.