The live mid-rate INR to EUR exchange rate is 0.011225. Compare currency conversion rates - Reduce FX costs.
The best INR to EUR exchange rate is 0.0111 from Wise. This is -1.1% compared to the mid-market rate 0.011225.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Indian rupee (INR) to Euro (EUR) rates from different sources before making a conversion.
Looking at our comparison table the best INR to EUR exchange rate is 0.0111 from Wise, -1.1% from the mid-market rate 0.011225. The next best rate is 0.0111 from WorldRemit, -1.1% from the mid-rate. WorldRemit with 0.0111 is -1.1% from the mid-rate.
The Western Union rate is which is - 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.
The Rupee to Euro comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest INR-EUR mid-rate (see Market Data below ) and the possible savings of using various providers.
Indian rupee (INR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | INR/EUR | Period |
|---|---|---|
16 Nov 2024 | 0.0112 | 2 Week |
01 Sep 2024 | 0.0108 | 3 Month |
01 Dec 2023 | 0.0110 | 1 Year |
02 Dec 2019 | 0.0126 | 5 Year |
03 Dec 2014 | 0.0131 | 10 Year |
05 Dec 2004 | 0.0170 | 20 Year |
Here are some popular conversion amounts for INR to EUR (Indian rupee to Euro)*.
*Converted at the current INREUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent forecasts for the INR to EUR exchange rate indicate a challenging landscape for the Indian rupee, particularly in light of geopolitical events and shifts in U.S. domestic policy. Following Donald Trump's recent electoral success, there are increasing calls from bankers and advisors for Indian firms to manage forex risks with greater caution. The Indian rupee has seen a substantial drop against the U.S. dollar, reaching an all-time low of 84.3625. This depreciation is attributed to rising energy prices, which threaten to exacerbate inflation in a country heavily reliant on oil imports. As a result, the broader trend appears that Asian currencies, including the Indian rupee, must brace for a phase of heightened volatility attributed to anticipated tariffs and other protective measures under Trump's administration.
Read our full review of recent INR to EUR forecasts.
There are several ways to save on exchange rates when converting Indian rupee to Euro:
Generally speaking, if you are buying Euro with Indian rupee, then it's better for the INR/EUR 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 the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.
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 INR/EUR 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
The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:
Greece: Greece has a relatively low cost of living compared to other Eurozone countries.
Portugal: Portugal has a lower cost of housing than in other Eurozone countries.
Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.
Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.
Read more at our Eurozone (EUR) 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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