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Understanding the Table:
The comparison table above helps you see the total cost of your European Central Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
The European Central Bank (ECB) is the official central bank for all countries that use the euro as their domestic fiat currency.
The role of all central banks is to preserve the value of money by keeping inflation low and stable. They do this by controlling the interest rate at which banks can borrow.
Interest rates, inflation, and exchange rates are all intrinsically linked. When the ECB manipulates interest rates this impacts both the inflation in the Euro-zone and also the relative value of the euro compared to other currencies.
Read our guide to the Relationship between Interest Rates and Currencies.
The European Central Bank EUR to INR exchange rate is 102.26. This is 0% compared to the latest EUR-INR mid-market rate 102.26.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to Indian rupee (INR) rates from different sources before making a conversion.
The above European Central Bank - Euro to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by European Central Bank and other foreign exchange providers against the latest EUR-INR mid-rate and the possible savings of using various providers.
Looking at the full EUR to INR - Send Money comparison table the provider with the best EUR to INR exchange rate is XE at 101.64, -0.61% from the latest mid-market rate 102.26.
The next best is Wise at 101.54, -0.7% from the mid-rate.
Then Currencies Direct at 101.44, which is -0.8% from the mid-rate.
The Western Union rate is 100.72 which is -1.5% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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.
View a full list of exchange rates by selecting your Base (from) currency:
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