#FX Update: EUR/INR hits 14-day high at 96.60, up 2.1% from 3M avg. Analysts expect ECB rate cuts after weak German data. INR under pressure from US tariffs & oil price sensitivity - watch for volatility amid geopolitical tensions
@bestfxrates
CIBC Global Money Transfer
One of Canada’s so-called “Big Five”, the Canadian Imperial Bank of Commerce was formed by the merger in 1961 of the Canadian Bank of Commerce and the Imperial Bank of Canada and is seen as a trusted banking institution.
The CIBC Global Money Transfer service aims to allow customers to move money across borders just as easily as making a domestic wire transfer.
When you get a quote for your Global Money Transfer from CIBC on their website or in-app, you can also see the CIBC exchange rate, but it can be difficult to then calculate how much you are being charged.
CIBC does not publish their exchange rates publicly which is frustrating. Our BER International Money Transfer partners tend to offer guaranteed transparency on all conversions.
Our research shows that on average, CIBC profit margin for foreign exchange rates is somewhere between 4 - 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.
Note the limit with CIBC Global Money Transfer in a 24-hour period is C$30,000, if paying via credit-card C$15,000.
EUR to INR Market Data
Euro (EUR) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell EUR →
Buy INR
1 EUR
=
97.04We compare provider deals to this wholesale mid-market rate. Read more
INR▲+0.6%
14d-highs
EUR to INR is at 14-day highs near 96.60, 2.1% above its 3-month average of 94.59, having traded in a fairly volatile 8.3% range from 90.57 to 98.05
|Tracker
| Date | EUR/INR | Change | Period |
|---|---|---|---|
07 May 2025 | 95.89 | 1.2% ▲ | 2 Week |
20 Feb 2025 | 90.81 | 6.8% ▲ | 3 Month |
21 May 2024 | 90.43 | 7.3% ▲ | 1 Year |
22 May 2020 | 82.84 | 17.1% ▲ | 5 Year |
24 May 2015 | 69.89 | 38.8% ▲ | 10 Year |
26 May 2005 | 54.44 | 78.2% ▲ | 20 Year |
What are equivalent amounts of EUR and INR?
Here are some popular conversion amounts for EUR to INR (Euro to Indian rupee)*.
*Converted at the current EURINR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for EUR to INR
The exchange rate forecast for EUR to INR has recently been influenced by a mix of geopolitical tensions, economic data, and monetary policy expectations. The euro (EUR) has shown some resilience amidst a weaker US dollar; however, recent declines in German producer prices have prompted analysts to speculate about potential interest rate cuts by the European Central Bank (ECB). This has introduced uncertainty around the euro's strength, causing mixed movements in the currency.
Read our full review of recent EUR to INR forecasts.
How to get a good EUR to INR exchange rate
There are several ways to save on exchange rates when converting Euro to Indian rupee:
- Shop around for the best EUR/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.
- Timing is important: Keep an eye on the EUR/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.
- 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.
- Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR 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.
- 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 Euro, then it's better for the EUR/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 in India plus living and doing business 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.
Will the Euro 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 EUR/INR to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
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
Currency Country Guides
| Eurozone (EUR) | India (INR) |
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.
Any laws in India that foreigners should be aware of?
Foreign nationals are subject to all laws in India, including local, state and national laws. There is no special legal status or exemption from Indian law for foreigners.
What is doing business like in India?
There is no one-size-fits-all answer to this question, as the experience of doing business in India can vary greatly depending on the specific industry, company, and location. However, in general, doing business in India can be challenging due to the country's complex bureaucracy, red tape, and corruption. Additionally, businesses may find it difficult to find qualified workers, and infrastructure can be unreliable.
How is the economy in India?
The economy in India is complex and diversified. India is a newly industrialized country with a fast-growing economy. India's Gross Domestic Product (GDP) grew by 7.5% in 2016, and is expected to grow by 7.1% in 2017. India is the world's second-fastest growing economy after China.
Read more at our India (INR) country guide
Related exchange rates
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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