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Compare INR to CAD foreign transfers

Save with best rates & low fees on Canadian Dollar foreign transfers versus the Banks

 

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Compare INR to CAD Foreign Transfers vs the Banks

ProvidersAmount CAD($)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
ICICI Bank
ICICI Bank logo
177.49 CAD0.017928₹1004.56%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
177.03 CAD0.017882154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank
Indian Bank logo
176.57 CAD0.017835₹1005.05%Online, Branch, Bank Transfers2-3 days
ICICI Bank: Foreign Transfer INR→CAD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.017928 (3.6% from mid-rate)
CAD amount:177.49 CAD
Total Cost:4.56%
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Indian Bank logo ICICI Bank logo

Foreign Transfer INR→CAD
INR amount:10,000 INR
Fee:15
Exchange Rate:0.017481 (6% from mid-rate)
CAD amount:177.03 CAD
Total Cost:4.81%
Difference:
$0.46 less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Indian Bank: Foreign Transfer INR→CAD
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.017835 (4.1% from mid-rate)
CAD amount:176.57 CAD
Total Cost:5.05%
Difference:
$0.92 less than using ICICI Bank
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/16/2018.
Total Cost = Fee + exchange rate margin vs INR/CAD mid-rate: 0.018597

This calculator compares exchange rates for INR to CAD international money transfers. You can also use our quick and easy INR to CAD currency converter instead.

Currency news and forecasts for Indian Rupee and Canadian Dollar

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 CAD, you should pay attention to both Indian Rupee and Canadian Dollar 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.

Canadian Dollar (CAD) - Market news and forecasts

5-December-18: In early December, the Canadian dollar traded at C$1.34 per USD — its weakest level in 18 months. It did so after traders revised down their expectations for future Canadian interest rate hikes following a dovish Bank of Canada meeting.

Also not helping the loonie in late 2018 has been the oil price which, by the time of this report, had slumped 30 percent from 2018 highs. Oil is Canada’s largest export.

In December, several FX analysts expressed a belief that inevitable OPEC production cuts will create a rebound in the oil market, which will drive the Canadian dollar higher throughout 2019.

Risks to the Canadian dollar include, of course, oil, and the return of global trade tensions. Tensions eased in early December when US and Chinese leaders agreed to suspend tariff increases for 3 months.

Also in December, Citibank offered a “long-term” (>18 months) forecast for USD/CAD of 1.2, representing potential CAD appreciation of 12 percent.