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INR to CAD - Rate Guide

Indian Rupee to Canadian 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.

 

INR/CAD update & alerts

1 INR = 0.018423 CAD

Sell INR - Buy CAD  Invert

INR to CAD - Trading Range (90 Day)
14-DAY HIGH (1d)
INR/CAD at 0.018407 is trading near the 90-day average 0.01846 with a range 0.01805 to 0.018686. There are no current rate alerts.
23-Jan-2020 16:NY 21:LON 08:SYD+1d

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INR/CAD Exchange Rates and Providers Compared

This guide to the Indian Rupee to Canadian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and INR to CAD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our INR/CAD Quick Calculator.

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

 
  

INR to CAD International Money Transfers

  

Foreign Transfer ProvidersReceive CAD(C$)Exchange RateFee INRTotal CostDeal Links
ICICI Bank International Money Transfers
ICICI Bank logo
C$175.690.017746₹1004.56%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
C$175.230.017700154.81%
Indian Bank International Money Transfers
Indian Bank logo
C$174.770.017654₹1005.06%
 
ICICI Bank logo
ICICI Bank: Foreign Transfer INR→CAD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.017746 (3.6% from mid-rate)
To Amount (CAD) C$175.69
Total Cost:4.56%
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer INR→CAD
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.017304 (6% from mid-rate)
To Amount (CAD) C$175.23
Total Cost:4.81%
Difference:
C$0.46 CAD less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Indian Bank logo
Indian Bank: Foreign Transfer INR→CAD
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.017654 (4.1% from mid-rate)
To Amount (CAD) C$174.77
Total Cost:5.06%
Difference:
C$0.92 CAD less than using ICICI Bank
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 01/24/2020 - See full table

INR and CAD in the Markets

When determining the best time to make a foreign exchange transaction, in this case the INR vs CAD, 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.

 

Canadian Dollar (CAD)

The threat of proxy war between the US and Iran in Iraq has pared back some of the gains the Loonie had made coming into the New Year.

The Canadian dollar was range bound during the second half of 2019 oscillating between US75c and US76.5c. Mid-year the loonie stormed ahead in June and July, rising to what turned out to be the 2019 high against the US dollar of US76.7cents and to 8-month highs against the euro, pound, Australian and New Zealand dollars. Against the Aussie, a minimal additional increase would take CAD to a 9-year high.

Supporting the loonie was a 10 percent rise in the oil price (oil is among Canada’s most exported products but is volatile and can’t be relied upon), a large and welcome jump in inflation, and dovishness at major central banks of the world, including the Federal Reserve, ECB and RBA.

The USMCA was signed by the United States, Mexico and Canadian on November 30 at the G20 Summit in Buenos Aires. Any delay to Canadian ratification of the USMCA trade deal would have likely depressed sentiment on Canada’s currency.

For more details read the full article Canadian dollar news and forecasts.

Read more in the article CAD Forecasts.

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

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