Indian Rupee to Bahraini Dinar (INR-BHD) - 10 Year History
The below table shows the historic variation in the INR/BHD exchange rate over the last 10 years.
The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour.
You can also view our various charts of INR versus other currencies : INR historical charts.
02 Dec 2018
09 Nov 2018
12 Jun 2018
09 Dec 2017
09 Dec 2016
10 Dec 2013
11 Dec 2008
Best Rates for INR/BHD Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees.
These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
Why can't I just get the INR/BHD market rate I see on Google or in the Media?
The INR/BHD 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 INR / BHD was traded (bought or sold) in the international markets.
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.
The closer your final exchange rate is to the market INR/BHD midrate the better deal you are getting.
The three things you need in order to get a good INR to BHD exchange rate
Know the latest INR/BHD market mid-rate.
The closer your final exchange rate is to this real market rate the better deal you are getting.
You should also judge how the current rate compares to the historic rate over the past 10 years.
Compare your Bank's transaction costs
licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees.
We make that easy to do with our calculators for
Currency News, Research and Forecasts for Indian Rupee and Bahraini Dinar
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 must always be quoted in comparison to a second currency.
So it follows that if you are determining the best time to transact, in this case the INR vs BHD, you should pay attention to both Indian Rupee and Bahraini Dinar news and forecasts.
Indian Rupee (INR) - Market news and forecasts
Like other emerging market currencies, the Indian rupee has been under significant pressure in 2018. It made an all-time low in October of 74.5 to the dollar and fell to a 4-1/2-year low versus the euro, which bought 86.15 rupees.
By the time of this report (November-21), the rupee had, though, recovered somewhat, reaching its strongest levels of the fourth quarter. Recoveries worth 5 and 6 percent against the dollar and euro respectively had USD/INR and EUR/INR trading at 70.92 and 80.974.
Among major problems for the rupee in 2018 has been the high price of oil, which raises India’s import bill substantially, but as luck would have it, the oil market has experienced a complete reversal in Q4. A $24 per barrel (30 percent) plunge in the oil price over 7 weeks is a blessing.
Political uncertainty (never good for a currency’s valuation) is likely to emerge in 2019, with expectations of a tough electoral battle for current Indian prime minister Narendra Modi.
One analyst said in November that the rupee would likely end 2018 stronger at 68 per US dollar.
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