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Compare INR to EUR foreign transfers

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

 

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Compare INR to EUR Foreign Transfers vs the Banks

ProvidersAmount EUR(€)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedReviewsDeal Links
Instarem logo
121.96 EUR0.01219600.75%
 
ICICI Bank
ICICI Bank logo
117.28 EUR0.011846₹1004.56%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
116.97 EUR0.011815154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank
Indian Bank logo
116.66 EUR0.011784₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:0
Exchange Rate:0.012196 (0.75% from mid-rate)
EUR amount:121.96 EUR
Total Cost:0.75%
Time:1:03 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
ICICI Bank: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.011846 (3.6% from mid-rate)
EUR amount:117.28 EUR
Total Cost:4.56%
Difference:
€4.68 less than using Instarem
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→EUR
INR amount:10,000 INR
Fee:15
Exchange Rate:0.011551 (6% from mid-rate)
EUR amount:116.97 EUR
Total Cost:4.81%
Difference:
€4.99 less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Indian Bank: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:₹100 INR (1%)
Exchange Rate:0.011784 (4.1% from mid-rate)
EUR amount:116.66 EUR
Total Cost:5.06%
Difference:
€5.3 less than using Instarem
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/EUR mid-rate: 0.012288

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

Currency news 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.