The Scotiabank CAD to INR rate is 58.12. This is -2.9% below the mid-rate. Compare Scotiabank currency conversion rates - Reduce FX costs.
The Scotiabank CAD to INR exchange rate is 58.12. This is -2.9% compared to the latest CAD-INR mid-market rate 59.85.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Canadian dollar (CAD) to Indian rupee (INR) rates from different sources before making a conversion.
Looking at our comparison table the best CAD to INR exchange rate is 59.49 from XE, -0.6% from the mid-market rate 59.85. The next best rate is 59.43 from Wise, -0.7% from the mid-rate. WorldRemit with 58.71 is -1.9% from the mid-rate.
The Western Union rate is 58.89 which is -1.6% from the mid-rate.
Among the banks, the TD Bank rate is 58.99 at -1.4%, the Scotiabank rate is 58.12 at -2.9%, and the Royal Bank of Canada rate is 57.97 at -3.1% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Scotiabank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.
The table below shows Scotiabank Canadian dollar (CAD) Send Money exchange rates with the percentage of margin being charged from the current market mid-rate :
| Currency route | Mid market rate | Scotiabank Send Money Rate | Cost% |
|---|---|---|---|
| CAD - AUD | 1.0979 | 1.0637 | -3.1% |
| CAD - BBD | 1.4110 | 1.3452 | -4.7% |
| CAD - BMD | 0.7055 | 0.6720 | -4.7% |
| CAD - BSD | 0.7055 | 0.6720 | -4.7% |
| CAD - CHF | 0.6197 | 0.6026 | -2.8% |
| CAD - DKK | 4.9829 | 4.8426 | -2.8% |
| CAD - EUR | 0.6682 | 0.6476 | -3.1% |
| CAD - GBP | 0.5533 | 0.5361 | -3.1% |
| CAD - GYD | 147.75 | 141.24 | -4.4% |
| CAD - HKD | 5.4844 | 5.3163 | -3.1% |
| CAD - INR | 59.85 | 58.12 | -2.9% |
| CAD - JMD | 110.93 | 104.82 | -5.5% |
| CAD - JPY | 106.65 | 103.12 | -3.3% |
| CAD - KYD | 0.5888 | 0.5515 | -6.3% |
| CAD - MXN | 14.28 | 13.86 | -2.9% |
| CAD - NOK | 7.8486 | 7.6220 | -2.9% |
| CAD - NZD | 1.2060 | 1.1685 | -3.1% |
| CAD - SAR | 2.6502 | 2.5615 | -3.3% |
| CAD - SEK | 7.6982 | 7.4850 | -2.8% |
| CAD - SGD | 0.9450 | 0.9206 | -2.6% |
| CAD - TTD | 4.7932 | 4.5537 | -5% |
| CAD - USD | 0.7055 | 0.6890 | -2.3% |
| CAD - ZAR | 12.55 | 12.20 | -2.8% |
The Scotiabank Loonie to Rupee comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Scotiabank and other foreign exchange providers against the latest CAD-INR mid-rate (see Market Data below ) and the possible savings of using various providers.
Scotiabank is a Canadian multinational bank and a leading financial institution in North and South America. The bank offers a wide range of financial products and services to individuals, businesses, and institutions, including banking, investment, and insurance services.
One of the financial products offered by Scotiabank is wire transfers. Wire transfers are a secure and fast way to transfer funds between banks in different countries. With Scotiabank wire transfers, you can send money to over 100 countries in a variety of currencies.
When you get a quote for your Wire Transfer from Scotiabank on their website or in-app, you can also see the Scotiabank exchange rate, but it can be difficult to then calculate how much markup from the market rate you are being charged.
Our research shows that on average, Scotiabank profit margin for foreign exchange rates is somewhere between 3 - 8%, depending on the amount you're sending, where you're sending it to and which currency will be received.
While all banks in Canada charge this markup, the extra amount being charged is much higher than it would be with a global money transfer specialist.
Canadian dollar (CAD) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | CAD/INR | Change | Period |
|---|---|---|---|
25 Nov 2024 | 59.80 | 0.1% ▲ | 2 Week |
10 Sep 2024 | 61.70 | 3% ▼ | 3 Month |
10 Dec 2023 | 61.43 | 2.6% ▼ | 1 Year |
11 Dec 2019 | 53.69 | 11.4% ▲ | 5 Year |
12 Dec 2014 | 54.07 | 10.7% ▲ | 10 Year |
14 Dec 2004 | 35.72 | 67.5% ▲ | 20 Year |
Here are some popular conversion amounts for CAD to INR (Canadian dollar to Indian rupee)*.
*Converted at the current CADINR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent currency market updates depict a challenging environment for the Canadian dollar (CAD) against the Indian rupee (INR) due to multiple interlinked factors. The CAD has been pressured lower, recently trading at 59.86 INR, which is notably 1.7% below its three-month average of 60.89 INR. This downtrend is primarily attributed to falling oil prices, with current WTI crude hovering around 72.14 USD, also 2.4% below its three-month average. Given Canada's heavy reliance on oil exports—particularly to the United States—FX analysts indicate that continued softening of oil prices may keep the CAD in a bearish stance. Further complicating this dynamic is the political landscape following Donald Trump's election win, which could introduce strict trade policies affecting Canadian commodities.
Read our full review of recent CAD to INR forecasts.
There are several ways to save on exchange rates when converting Canadian dollar to Indian rupee:
Generally speaking, if you are buying Indian rupee with Canadian dollar, then it's better for the CAD/INR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.
Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add CAD/INR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| India (INR) | Canada (CAD) |
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The expat life in India can be very exciting and enriching. There are many things to see and do, and the people are generally very friendly and welcoming. India can be a challenging place to live at times, but it is also very rewarding.
Read more at our India (INR) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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