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Best Exchange Rates

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Compare INR to EUR foreign transfers

Use our comparison table to find the best exchange rates for Euro foreign transfers versus the Banks.

When you are thinking about sending money abroad, an international money transfer provider is a great option. They can help you with the whole process, provide useful online tools and most importantly bank-beating exchange rates and low or zero fees.

 
 

Compare Best Exchange Rates for:

   
₹INR
€EUR

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Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedDeal Links
 
Instarem logo
122.94 EUR0.01229400.75%
ICICI Bank International Money Transfers
ICICI Bank logo
118.22 EUR0.011941₹1004.56%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
117.91 EUR0.011910154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank International Money Transfers
Indian Bank logo
117.60 EUR0.011879₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:0
Exchange Rate:0.012294 (0.75% from mid-rate)
EUR amount:122.94 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:0.011941 (3.6% from mid-rate)
EUR amount:118.22 EUR
Total Cost:4.56%
Difference:
€4.72 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:0.011644 (6% from mid-rate)
EUR amount:117.91 EUR
Total Cost:4.81%
Difference:
€5.03 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:0.011879 (4.1% from mid-rate)
EUR amount:117.60 EUR
Total Cost:5.06%
Difference:
€5.34 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
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated as financial payment services. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/22/2019

1 INR = 0.012418 EUR

This is the current INR-EUR mid-market exchange rate. The Total Cost of each foreign transfer in the above table is calculated as the sum of all fees and the exchange rate margin, which is the difference between the provider's exchange rate and the mid-market INR-EUR exchange rate.

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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

6-January-2019: Like other emerging market currencies, the Indian rupee was under significant pressure in 2018, during which it made an all-time low of ₹74.5 to the dollar and fell to a 4-1/2-year low versus the euro, at ₹86.15.

Following a solid fourth quarter, the rupee had risen by early January 2019 to a 4-month high versus the dollar of ₹69.36 — appreciation worth 7 percent from October’s low — and had recovered similarly versus the euro, to ₹79.29.

Among major problems for the rupee last year was the high price of oil, which raised India’s import bill substantially, but as luck would have it, the oil market experienced a complete reversal in Q4. A $30 per barrel (40 percent) plunge in the oil price was a blessing.

Political uncertainty (never good for a currency’s valuation) is likely to emerge in 2019; expectations are for a tough electoral battle for current Indian prime minister Narendra Modi.

Fitch predicted in January a 2019 year-end exchange rate of ₹75 to the dollar on the basis of further current account deterioration and tighter financing conditions.

Euro (EUR) - Market news and forecasts

13-February-19: 2018 was a mixed year for the euro. A 5 percent loss versus the US dollar was offset by a 6 percent gain versus the Australian dollar and small gains against other majors.

Since November, the euro has been remarkably stable against the US dollar, against which it has traded for the most part between $1.125 and $1.15. The euro was quoted towards the low of this range at $1.128 at the time of writing, down 1.5 percent year-to-date.

At the time of writing, euro-pound was 2.5 percent lower on the year at £0.876. Most price action since September has been between £0.865 and £0.91.

The euro is understandably under pressure in early 2019 ahead of Brexit, which more than ever is a source of uncertainty, and on increasing recession risks — Italy slid into recession in February and Germany barely escaped one in the October-December period.

The main euro-supporting factor this year would be an interest rate hike by the ECB, although this is up in the air considering the aforementioned risks.

Forecasts: In February, the head of strategy at BMO Capital Markets predicted a decline in EUR/USD to 1.11 by the end of April. Experts at Natwest predicted a slide in EUR/GBP to £0.85 by mid-year.

Currency News and Forecasts

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New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates