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INR to EUR Calculator

Indian Rupee to Euro - Convert Compare Save

INR to EUR mid-rate = 0.012278

Right now the INR/EUR market mid-rate is 0.012278 and represents ideally how many Euro you can get for one Indian Rupee.

You can calculate equivalent Indian Rupee to Euro currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for INR to EUR transfers or buying EUR travel money.

INR / EUR Converter


₹INR


€EUR
1 Indian Rupee equals
0.012278 Euro

Compare how much you can save on
INR/EUR exchange rates for:

Foreign Transfers

 
 
3 Month INR to EUR Chart
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Indian Rupee

Euro

1 INR 0.0123 EUR
5 INR 0.0614 EUR
10 INR 0.1228 EUR
20 INR 0.2456 EUR
50 INR 0.6139 EUR
100 INR 1.2278 EUR
250 INR 3.0695 EUR
500 INR 6.1390 EUR
1,000 INR 12.28 EUR
2,000 INR 24.56 EUR
5,000 INR 61.39 EUR
10,000 INR 122.78 EUR
50,000 INR 613.90 EUR
100,000 INR 1,227.80 EUR
See more

Indian Rupee

Euro

81.45 INR 1 EUR
407.23 INR 5 EUR
814.47 INR 10 EUR
1,628.94 INR 20 EUR
4,072.35 INR 50 EUR
8,144.69 INR 100 EUR
20,361.73 INR 250 EUR
40,723.45 INR 500 EUR
81,446.90 INR 1,000 EUR
162,893.80 INR 2,000 EUR
407,234.50 INR 5,000 EUR
814,469.00 INR 10,000 EUR
4,072,345.00 INR 50,000 EUR
8,144,690.00 INR 100,000 EUR
See more

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Indian Rupee to Euro (INR-EUR) - 10 Year History

The below table shows the historic variation in the INR/EUR 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.

DateExchange RatePeriod
02 Dec 20180.01261 Week
09 Nov 20180.01221 Month
12 Jun 20180.01266 Months
09 Dec 20170.01321 Year
09 Dec 20160.01402 Years
10 Dec 20130.01195 Years
11 Dec 20080.015610 Years

Best Rates for INR/EUR 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.

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from INR to EUR.

Compare INR to EUR Foreign Transfers vs the Banks

ProvidersAmount EUR(€)Exchange RateFee INRTotal CostTransfer SpeedTransfer ServicesReviewsDeal Links
Instarem logo
122.09 EUR0.01220900.75%1-2 daysOnline, Bank Account to Bank Account
 
ICICI Bank
ICICI Bank logo
117.39 EUR0.011858₹1004.57%2-3 daysOnline, Branch, Bank Account to Bank Account
Average Rate:
Banks - Average Rate
Indian Bank logo ICICI Bank logo
117.09 EUR0.011828154.81%2-3 daysOnline, Branch, Bank Account to Bank Account
Indian Bank
Indian Bank logo
116.79 EUR0.011797₹1005.06%2-3 daysOnline, Branch, Bank Account to Bank Account
Instarem: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:0
Exchange Rate:0.012209 (0.75% from mid-rate)
EUR amount:122.09 EUR
Total Cost:0.75%
Time:1:03 Local
Transfer Speed:1-2 days
Services:Online, Bank Account to Bank Account
Rating:
 
: 3.9/5.0
Reviews:
ICICI Bank: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.011858 (3.6% from mid-rate)
EUR amount:117.39 EUR
Total Cost:4.57%
Difference:
EUR4.7 EUR less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Indian Bank logo ICICI Bank logo

Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:15
Exchange Rate:0.011563 (6% from mid-rate)
EUR amount:117.09 EUR
Total Cost:4.81%
Difference:
EUR5 EUR less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Indian Bank: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.011797 (4.1% from mid-rate)
EUR amount:116.79 EUR
Total Cost:5.06%
Difference:
EUR5.3 EUR less than using Instarem
Time:1:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Account to Bank Account
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Rates @ 12/14/2018.
Total Cost = Fee + exchange rate margin vs INR/EUR mid-rate: 0.012301


Why can't I just get the INR/EUR market rate I see on Google or in the Media?

The INR/EUR 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 / EUR 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/EUR midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good INR to EUR exchange rate

  1. Know the latest INR/EUR 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.
  2. Compare your Bank's transaction costs to several 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 Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.


Currency News, Research and Forecasts for Indian Rupee and Euro

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 EUR, you should pay attention to both Indian Rupee and Euro 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.

Euro (EUR) - Market news and forecasts

The euro is heading higher, experts said in November.

Increasingly, complications over Brexit are seen to be a UK problem; less so for the euro area.

With this in mind, and despite disappointing economic data of late, Citibank is confident of a long-term move in EUR/USD to $1.3, from $1.139 at the time of this report (November-21). “Underpinned by the less accommodative policies of the ECB,” the euro will most likely achieve this target, which represents a 14 percent gain, before the end of 2019, Citi has said.

Relative to the pound, the euro had recovered in the days leading up to this report into the £0.89s, from the mid-£0.86s. With political turmoil in the UK, there is room for the exchange rate to reach £0.92 in the months ahead, a Nordea Markets analyst believes. A return to £0.92 would take EUR/GBP back to levels not seen since September 2017.

For EUR/CHF, which averaged Fr1.137 in the weeks leading up to this report, a 5.5 percent rise to Fr1.2 is due sometime within the next 6-12 months, per analysts at Danske Bank.


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