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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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INR-EUR Foreign Transfers

  

Foreign Transfer Providers
Ratings & Reviews
Receive EUR(€)Exchange RateFee INRTotal CostTransfer ServicesTransfer SpeedDeal Links
 
Instarem logo
126.92 EUR0.01269200.75%
ICICI Bank International Money Transfers
ICICI Bank logo
122.05 EUR0.012328₹1004.56%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Indian Bank logo ICICI Bank logo
121.73 EUR0.012296154.81%Online, Branch, Bank Transfers2-3 days
Indian Bank International Money Transfers
Indian Bank logo
121.41 EUR0.012264₹1005.06%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer INR→EUR
INR amount:10,000 INR
Fee:0
Exchange Rate:0.012692 (0.75% from mid-rate)
EUR amount:126.92 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:0.012328 (3.6% from mid-rate)
EUR amount:122.05 EUR
Total Cost:4.56%
Difference:
4.87 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:0.012021 (6% from mid-rate)
EUR amount:121.73 EUR
Total Cost:4.81%
Difference:
5.19 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:0.012264 (4.1% from mid-rate)
EUR amount:121.41 EUR
Total Cost:5.06%
Difference:
5.51 EUR less than using Instarem
Time:1:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
3 Month Chart
Loading AUDUSD rates

This is a chart showing the change in the INR-EUR mid-market exchange rate over the last week. 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.

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

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.