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INR/AUD - Convert Compare Save

Indian Rupee to Australian Dollar 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.

 

This resource page for the Indian Rupee to Australian Dollar exchange rate, has news, forecasts and INR to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. You can also check an exchange rate margin with our Exchange Rate Checker.

INR/AUD Exchange Rates - How to Compare & Save

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 INR/AUD International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee INRTotal CostDeal Links
Instarem logo
204.20 AUD0.0204200.75%
ICICI Bank International Money Transfers
ICICI Bank logo
196.35 AUD0.019833₹1004.56%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
195.84 AUD0.019782154.81%
Indian Bank International Money Transfers
Indian Bank logo
195.33 AUD0.01973₹1005.06%
Instarem: Foreign Transfer INR→AUD
INR amount:10,000 INR
Fee:0
Exchange Rate:0.020420 (0.75% from mid-rate)
AUD amount:204.20 AUD
Total Cost:0.75%
Time:1:04 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
 

ICICI Bank logoICICI Bank

ICICI Bank: Foreign Transfer INR→AUD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.019833 (3.6% from mid-rate)
AUD amount:196.35 AUD
Total Cost:4.56%
Difference:
7.85 AUD less than using Instarem
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer INR→AUD
INR amount:10,000 INR
Fee:15
Exchange Rate:0.019340 (6% from mid-rate)
AUD amount:195.84 AUD
Total Cost:4.81%
Difference:
8.36 AUD less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Indian Bank logoIndian Bank

Indian Bank: Foreign Transfer INR→AUD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.019730 (4.1% from mid-rate)
AUD amount:195.33 AUD
Total Cost:5.06%
Difference:
8.87 AUD less than using Instarem
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 08/23/2019 - See full table

INR to AUD interbank exchange rate = 0.020674

 
 

Exchange Rate Checker

If you have been offered/charged an exchange rate then enter it below to check the true cost to the latest interbank mid-rate.

 
   

Compare savings on INR/AUD exchange rates

Foreign Transfers

Foreign Transfers Travel Money

   

INRAUD blended flags

INR and AUD in the Markets

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

 

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.

 

Australian Dollar (AUD)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

Why can't I just get the INR/AUD 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 INR / AUD 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.

INRAUD blended flags

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 INR Exchange Rates