Understanding the Table:
The comparison table above helps you see the total cost of your Scotiabank 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 average CAD rate margin offered by Scotiabank is 3.6%.
This average is based on individual CAD 10K transfer rates in the currency pairs from Scotiabank that we monitor.
The tables below show the best and worst exchange rate margins offered by Scotiabank for Canadian dollar (CAD 10K) transactions. Margins show the percentage difference from the mid-market rate.
Canadian dollar (CAD) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.
CAD/INR Outlook: The outlook for CAD/INR is slightly positive, supported by its position above the recent average and close to the recent high.
CAD/USD Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average, yet lacks a clear driver.
USD/INR Outlook: Likely to increase, as the rate is above its 90-day average and near recent highs, supported by inflation expectations.
To help you understand the real-world value of the current exchange rate, the table below shows how much Canadian dollar are worth in Indian rupee across a range of amounts.
This gives a quick view of what you’d get when converting different CAD amounts at today’s rate * :
*Converted at the current CAD-INR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Scotiabank CAD to INR exchange rate is 65.17. This is -2.5% compared to the latest CAD-INR mid-market rate 66.87.
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.
The above Scotiabank - Loonie to Rupee comparison table 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 and the possible savings of using various providers.
Looking at the full CAD to INR - Send Money comparison table the provider with the best CAD to INR exchange rate is XE at 66.47, -0.6% from the latest mid-market rate 66.87.
The next best is Wise at 66.32, -0.82% from the mid-rate.
Then Western Union at 65.8, which is -1.6% from the mid-rate.
Among the banks the TD Bank rate is 58.4 at -12.7% the Scotiabank rate is 65.17 at -2.5% and the Royal Bank of Canada rate is 64.97 at -2.8% compared to the mid-rate 66.87.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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