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Scotiabank CAD to INR Exchange Rates Compared Live

The best CAD to INR exchange rate is 61.01. Compare Scotiabank foreign transfer and currency exchange rates, find better rates & deals.

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Scotiabank - Comparing CAD-INR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Canadian dollar (CAD) to Indian rupee (INR) rates from different sources before making a conversion.

The above Scotiabank Loonie to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest CAD-INR mid-rate (see below) and the possible savings of using another provider.

Scotiabank Canadian dollar to Indian rupee (CADINR) rate guide contents:

 

Scotiabank at a glance

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.

 
 
@bestfxrates : CAD struggles as retail sales disappoint, weighing against a rebound in oil prices. With USD strength & domestic woes, CADINR trades near 90-day lows (~61.06). INR challenges ahead, but stable against CAD for now. Oil prices to watch for CAD shifts. #CADINR #ForexUpdate #CurrencyMarkets

Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
 

CAD to INR Market Data

Canadian dollar (CAD) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 CAD =
61.01We compare provider deals to this wholesale mid-market rate. Read more
INR
+0.0%
πŸ“‰3M
CAD to INR is at 90-day lows near 61.07, 1.2% below its 3-month average of 61.83, having traded in a very stable 3.2% range from 61.07 to 63.04
|
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DateCAD/INRChangePeriod
16 Feb 2024
61.54
0.7% β–Ό2 Week
02 Dec 2023
61.67
0.9% β–Ό3 Month
02 Mar 2023
60.57
0.9% β–²1 Year
03 Mar 2019
53.44
14.3% β–²5 Year
04 Mar 2014
55.83
9.4% β–²10 Year
06 Mar 2004
33.95
79.9% β–²20 Year
CAD/INR historic rates & change to 01-Mar-2024
 

What are equivalent amounts of CAD and INR?

Here are some popular conversion amounts for CAD to INR (Canadian dollar to Indian rupee)*.

CAD INR
C$ 1 61.01
C$ 5 305.05
C$ 10 610.10
C$ 20 1,220
C$ 50 3,051
C$ 100 6,101
C$ 250 15,253
C$ 500 30,505
C$ 1,000 61,010
C$ 2,000 122,020
C$ 5,000 305,050
C$ 10,000 610,100
C$ 20,000 1,220,200
C$ 50,000 3,050,500
C$ 100,000 6,101,000
CAD INR
C$ 0.0164 ₹ 1
C$ 0.0820 ₹ 5
C$ 0.1639 ₹ 10
C$ 0.3278 ₹ 20
C$ 0.8195 ₹ 50
C$ 1.6390 ₹ 100
C$ 4.0975 ₹ 250
C$ 8.1950 ₹ 500
C$ 16.39 ₹ 1,000
C$ 32.78 ₹ 2,000
C$ 81.95 ₹ 5,000
C$ 163.90 ₹ 10,000
C$ 327.80 ₹ 20,000
C$ 819.50 ₹ 50,000
C$ 1,639 ₹ 100,000

More amounts

*Converted at the current CADINR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for CAD to INR

 

The Canadian Dollar (CAD) has been relatively subdued as recent retail sales data fell below expectations, dampening market sentiment. Oil prices are anticipated to be a key driver for the CAD, given its correlation with crude oil movements. Despite a rebound in oil prices, the CAD faced headwinds from weak domestic data and USD strength, pushing the currency lower as markets adjusted to US Federal Reserve policy expectations.

Read our full review of recent CAD to INR forecasts.

 

How to get a good CAD to INR exchange rate

There are several ways to save on exchange rates when converting Canadian dollar to Indian rupee:

  1. Shop around for the best CAD/INR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the CAD/INR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both CAD and INR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

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.

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.

Will the Canadian dollar rise against the Indian rupee?

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.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; UpπŸ“ˆ or DownπŸ“‰ trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.

 
 
 

Country Currency Guides

IndiaIndia (INR)CanadaCanada (CAD)
 

How is the cost of living in India?

The cost of living in India is relatively low compared to developed countries. Basic goods and services cost less than 50% of what they cost in developed nations.

How is the expat life in India?

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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