What's in this GBP to INR exchange rate review?
Pound Sterling to Indian Rupee - Quick Conversions
|£ 1||₹ 97.91|
|£ 5||₹ 489.55|
|£ 10||₹ 979.10|
|£ 20||₹ 1,958|
|£ 50||₹ 4,896|
|£ 100||₹ 9,791|
|£ 250||₹ 24,478|
|£ 500||₹ 48,955|
|£ 1,000||₹ 97,910|
|£ 2,000||₹ 195,820|
|£ 5,000||₹ 489,550|
|£ 10,000||₹ 979,100|
|£ 50,000||₹ 4,895,500|
|£ 100,000||₹ 9,791,000|
To calculate other GBP/INR amounts try our home-page Convert GBP 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.
Indian Rupee (INR) Country Guides
Pound Sterling and Indian Rupee Forecasts
When determining the best time to make a foreign exchange transaction, in this case the GBP vs INR, you should pay attention to the recent market trends for both currencies.
Pound Sterling (GBP)
US dollar weakness has helped the embattled pound continue its recovery off June and early July lows. Despite this brief upturn, the outlook remains pessimistic as Brexit uncertainty and questions over the economy’s ability to rebound after the pandemic weigh on the currency.
In late July pound sterling is heading back towards US1.30 due to US dollar weakness. This is a remarkable change of fortunes for GBP which was sold-off after the Brexit vote and again after the virus forced a lockdown in London, the world’s largest foreign-exchange centre. Against the dollar, sterling touched the lowest level in 35 years (below US1.16) in March as traders sought the safety of the USD.
The coronavirus pandemic has replaced Brexit in the headlines and means that the deadline for a trade deal with the Eurozone this year could either be pushed back, delaying a risk for the currency, or see more favorable terms given to the U.K.
Read more in the article GBP 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 GBP 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 GBP 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 Pound Sterling vs Indian Rupee current value is to look the GBP/INR historic rate and change over a range of periods.
The following table looks at the change in the GBP to INR exchange rate over periods from the previous week back to the last 10 years.
|31 Jul 2020 : 98.0476||0.1% ▼||1 Week|
|08 Jul 2020 : 94.5216||3.6% ▲||30 Days|
|09 May 2020 : 93.6703||4.5% ▲||90 Days|
|08 Aug 2019 : 85.5850||14.4% ▲||1 Year|
|09 Aug 2015 : 98.7736||0.9% ▼||5 Years|
|10 Aug 2010 : 73.1940||33.8% ▲||10 Years|
When is the best time to exchange GBP 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.