The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
EUR to INR Market Data
Euro (EUR) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
Bias: EUR/INR is bullish-to-range-bound, current level sits above its three-month average and in the upper half of the three-month range, suggesting limited...
Bias: USD/INR is bullish-to-range-bound, trading above its 90-day average and sitting in the upper half of the 3-month range, with gains likely capped by...
Bias
EUR/INR remains bullish-to-range-bound, trading above its 3-month avg and in the upper half of the range, with limited upside unless a new catalyst appears.
Key drivers
- Rate gap: ECB stance is to hold rates steady in a neutral lane, while the RBI has been active defending the rupee, widening the policy-gap between eurozone and Indian policy.
- Oil: Oil remains above its three-month average and is volatile, which tends to pressure the rupee more than the euro and can lift EUR/INR.
- Eurozone inflation: Inflation in the euro area is easing, with forecasts pointing to a gentler price path, which keeps ECB policy neutral and underpins the euro.
- Range: Range-bound drift within the three-month range, with a tendency toward the upper end as markets weigh European data and Indian policy moves.
Range
Range-bound drift within the three-month range, with a tendency toward the upper end as markets weigh European data and Indian policy moves.
What could change it
- Upside risk: Oil staying firm or rising could keep INR under pressure, allowing EUR/INR to push higher.
- Downside risk: RBI interventions succeed in stabilising the rupee, pressing EUR/INR lower
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EUR to INR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Euro are worth in Indian rupee across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
What is the
best Send Money conversion rate for EUR to INR?
The best EUR to INR exchange rate is 104.64 from XE. This is -0.6% compared to the mid-market rate 105.27.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Euro (EUR) to Indian rupee (INR) rates from different sources before making a conversion.
The above
Euro to Rupee comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest EUR-INR mid-rate and the possible savings of using various providers.
How do EUR-INR rates compare between providers?
Looking at the full
EUR to INR - Send Money comparison table the provider with the best EUR to INR exchange rate is XE at 104.64, -0.6% from the latest mid-market rate 105.27.
The next best is Wise at 104.49, -0.74% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate.
For more competitive rates, you might consider using a specialized currency exchange service
or platforms that offer rates closer to the mid-market rate.