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INR to EUR - Compare Exchange Rates

Indian Rupee to Euro - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

Compare INR/EUR Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for INR/EUR International Money Transfers. Costs are calculated against the amount when INR is converted to EUR at mid-rate.

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INR-EUR Foreign Transfers

  

Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedDeal Links
 
Instarem logo
126.62 EUR0.01266200.75%
ICICI Bank International Money Transfers
ICICI Bank logo
121.76 EUR0.012299₹1004.56%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
121.45 EUR0.012267154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank International Money Transfers
Indian Bank logo
121.13 EUR0.012235₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:0
Exchange Rate:0.012662 (0.75% from mid-rate)
EUR amount:126.62 EUR
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→EUR
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.012299 (3.6% from mid-rate)
EUR amount:121.76 EUR
Total Cost:4.56%
Difference:
4.86 EUR 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→EUR
INR amount:10,000 INR
Fee:15
Exchange Rate:0.011993 (6% from mid-rate)
EUR amount:121.45 EUR
Total Cost:4.81%
Difference:
5.17 EUR less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Indian Bank logoIndian Bank

Indian Bank: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.012235 (4.1% from mid-rate)
EUR amount:121.13 EUR
Total Cost:5.06%
Difference:
5.49 EUR less than using Instarem
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

INR to EUR interbank exchange rate = 0.012774

Right now the INR/EUR interbank exchange rate is 0.012774. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Euro to Indian Rupee.

This INR/EUR Converter calculates equivalent Indian Rupee to Euro amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

INR / EUR converter & margin calculator


₹INR
€EUR
Mid-rates:
 

Foreign Transfers Travel Money

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

Foreign Transfers

1 Week INR to EUR
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Indian Rupee

Euro

1 INR 0.0128 EUR
5 INR 0.0639 EUR
10 INR 0.1277 EUR
20 INR 0.2555 EUR
50 INR 0.6387 EUR
100 INR 1.2774 EUR
250 INR 3.1935 EUR
500 INR 6.3870 EUR
1,000 INR 12.77 EUR
2,000 INR 25.55 EUR
5,000 INR 63.87 EUR
10,000 INR 127.74 EUR
50,000 INR 638.70 EUR
100,000 INR 1,277.40 EUR
See more

Indian Rupee

Euro

78.29 INR 1 EUR
391.43 INR 5 EUR
782.86 INR 10 EUR
1,565.72 INR 20 EUR
3,914.30 INR 50 EUR
7,828.60 INR 100 EUR
19,571.50 INR 250 EUR
39,143.00 INR 500 EUR
78,286.00 INR 1,000 EUR
156,572.00 INR 2,000 EUR
391,430.00 INR 5,000 EUR
782,860.00 INR 10,000 EUR
3,914,300.00 INR 50,000 EUR
7,828,600.00 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
14 Apr 20190.01281 Week
22 Mar 20190.01281 Month
23 Oct 20180.01196 Months
21 Apr 20180.01231 Year
21 Apr 20170.01442 Years
22 Apr 20140.01195 Years
23 Apr 20090.015310 Years

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 and forecasts for Indian Rupee and Euro

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative 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

In the second week of March, the rupee was little changed on the year (<1 percent difference) against the dollar at rates near ₹70. It was, however, considerably higher than its record low of ₹74.52, achieved in October. The rupee hasn’t done badly in 2019 considering the 23 percent rise in the price of oil (India’s biggest import). Political uncertainty (never good for a currency’s valuation) is likely to emerge as we approach May’s election. A tough battle is expected for current Indian Prime Minister Narendra Modi and his Bharatiya Janata Party. Should the BJP be defeated, “the rupee could potentially spike to 74,” a Radobank economist said. In March, the Economic Times reported the results of a poll of 50 foreign exchange experts, who collectively estimated a year-end USD/INR rate of ₹71.3. This differed from January’s forecast from the Fitch ratings agency, which said it expects ₹75 on the basis of further current account deterioration and tighter financing conditions.

Euro (EUR) - Market news and forecasts

Against the dollar, the euro remains weak. At $1.12 in early April, the euro was barely above March’s 21-month low of $1.118. Against the pound, it traded at £0.86 (a level it never sank to in 2018), but it fared better against the Australian dollar, with EUR/AUD rates in line with 2018’s average, at A$1.578.

Euro weakness has been driven by Brexit uncertainties and has followed March’s meeting of the ECB, at which the central bank said it will not raise interest rates until 2020 as part of an effort to lift the eurozone economy out of this “period of continued [economic] weakness.”

Forecasts: ING analysts wrote in March that they expect the low-yielding euro to continue to depreciate against USD over the coming months; ANZ said it saw rates falling as low as $1.08 by mid-year; Danske Bank said the euro would trade between $1.12 and 1.16 at year-end.

For EUR/GBP, Nordea Research thinks a no-deal Brexit will put £0.95 in play, a Norway-type Brexit (“Norway plus”) or permanent customs union will lead to £0.81-0.83, and Theresa May’s deal should see £0.83-0.84.