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INR to ZAR - Rate Guide

Indian Rupee to South African Rand exchange rates aren't all the same.

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

 

1 INR = 0.2106 ZAR

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INR to ZAR - Trading Range (90 Day)
1-DAY ▲ 0.7% (2d)
INR/ZAR at 0.2092 is trading 2.3% above the 90-day average 0.2045 with a range 0.1964 to 0.2108. There are no current rate alerts.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Indian Rupee to South African Rand

INR

ZAR

1
R 0.2106
5
R 1.0530
10
R 2.1060
20
R 4.2120
50
R 10.53
100
R 21.06
250
R 52.65
500
R 105.30
1,000
R 210.60
2,000
R 421.20
5,000
R 1,053
10,000
R 2,106
50,000
R 10,530
100,000
R 21,060
More amounts

INR

ZAR

4.7480
R 1
23.74
R 5
47.48
R 10
94.96
R 20
237.40
R 50
474.80
R 100
1,187
R 250
2,374
R 500
4,748
R 1,000
9,496
R 2,000
23,740
R 5,000
47,480
R 10,000
237,400
R 50,000
474,800
R 100,000
More amounts

To calculate specific INR/ZAR amounts use our Convert INR to ZAR quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for INR/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

INR to ZAR International Money Transfers

  

Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee INRTotal CostDeal Links
ICICI Bank International Money Transfers
ICICI Bank logo
1,998.81 R0.2019₹1004.55%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
1,993 R0.2014154.81%
Indian Bank International Money Transfers
Indian Bank logo
1,987.92 R0.2008₹1005.07%
 
ICICI Bank logo
ICICI Bank: Foreign Transfer INR→ZAR
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.2019 (3.58% from mid-rate)
To Amount (ZAR)1,998.81 R
Total Cost:4.55%
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer INR→ZAR
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.1968 (6.02% from mid-rate)
To Amount (ZAR)1,993 R
Total Cost:4.81%
Difference:
R5.81 ZAR less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Indian Bank logo
Indian Bank: Foreign Transfer INR→ZAR
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.2008 (4.11% from mid-rate)
To Amount (ZAR)1,987.92 R
Total Cost:5.07%
Difference:
R11 ZAR less than using ICICI Bank
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/20/2020 - View latest rates
 

Country Guides (INR & ZAR)

IndiaIndia (INR)South AfricaSouth Africa (ZAR)

INR and ZAR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the INR vs ZAR, you should pay attention to the recent market trends for both currencies.

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR Forecasts.

 

South African Rand (ZAR)

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost 10 percent against the euro.

Stability returned in the first 5 months of 2019, with no change against the dollar and a 2 percent gain versus the euro.

Talk in May was all about the election, which was again won by the ANC party, led by Cyril Ramaphosa. This spurred a relief rally in the rand, but a serious fall in support for the ANC since 2014 suggests Ramaphosa will struggle implementing much-needed economic reforms.

With the election out of the way, analysts at Deutsche Bank are expecting the rand to weaken throughout the rest of the year.

"We think [rand] optimism will prove short-lived as the market quickly refocuses on deteriorating fundamentals," Deutsche said.


How to get Best INR to ZAR Exchange Rates

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate).

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.

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

What is a good INR to ZAR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the INR to ZAR exchange rate to the present day for periods going back upto 10 years.

PeriodINR/ZARDate
1 Day0.208316 Feb 2020
7 Day0.210010 Feb 2020
30 Day0.203818 Jan 2020
3 Month0.205519 Nov 2019
1 Year0.197517 Feb 2019
5 Year0.186718 Feb 2015
10 Year0.165919 Feb 2010

When is the best time to exchange INR to ZAR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

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