Best AUD > INR exchange rates Sep 23, 2018 | finder.com
Best AUD > INR exchange rates

Best AUD > INR exchange rates as of 23 Sep 2018

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If you’re a forex investor or simply looking to trade Australian dollars for Indian rupees, get the most for your money with a strong exchange rate.

Today’s mid-market rate

The mid-market Australian dollar–to–Indian rupees exchange rate is 1 AUD = 50.69 INR. (Rate accurate as of March 4, 2017.)

Get the best rate for your AUD > INR exchange

We’ve gathered today’s best rates to inform your forex decisions when trading Australia dollars to Indian rupees.

Refreshing in: 60s | Mon, 24 Sep 01:52am GMT
USD AUD CAD EUR CNY GBP INR MXN PHP
1 USD = 1.0000 1.3747 Inverse: 0.7274 1.2929 Inverse: 0.7735 0.851528 Inverse: 1.1744 6.8469 Inverse: 0.1461 0.764453 Inverse: 1.3081 72.43499 Inverse: 0.0138 18.8649 Inverse: 0.0530 54.215 Inverse: 0.0184
1 AUD = 0.7274 Inverse: 1.3747 1.0000 0.9405 Inverse: 1.0633 0.6194 Inverse: 1.6144 4.9805 Inverse: 0.2008 0.5561 Inverse: 1.7983 52.6901 Inverse: 0.0190 13.7225 Inverse: 0.0729 39.4367 Inverse: 0.0254
1 EUR = 1.1744 Inverse: 0.8515 1.6144 Inverse: 0.6194 1.5183 Inverse: 0.6586 1.0000 8.0407 Inverse: 0.1244 0.897743 Inverse: 1.1139 85.064754 Inverse: 0.0118 22.1542 Inverse: 0.0451 63.6679 Inverse: 0.0157
1 GBP = 1.3081 Inverse: 0.7645 1.7983 Inverse: 0.5561 1.6912 Inverse: 0.5913 1.1139 Inverse: 0.8977 8.9566 Inverse: 0.1116 1.0000 94.75402 Inverse: 0.0106 24.6776 Inverse: 0.0405 70.9200 Inverse: 0.0141

How does the Australian dollar trade against the rupee historically?

In 1966, the Australian dollar was introduced to replace the Australian pound. At the time, the Aussie dollar was maintained under the Bretton Woods monetary system that established rules for the commercial and economic relationships among the US, Canada, Western Europe, Australia and Japan.

Under the Bretton Woods agreement, currencies were pegged to the price of gold. But the Australian dollar was effectively pegged to the British pound with an exchange rate of 0.8 dollars per pound.

From the Great Recoinage in 1816 until World War I in 1914, the Indian rupee was also pegged to the British pound at 4.80 rupees per pound — on par with the US dollar. However, when the Aussie dollar was introduced, the rupee was valued at 4.79 rupees per pound. Later wars in China in 1962 and Pakistan in 1965 led to a significant deficit on India’s budget, which forced the Indian government to devalue the rupee.

Over the last 10 years, the rupee has fluctuated between 34.6 rupees and 56.4 rupees per Australian dollar. Experts say this is due to stagnant reforms and declining foreign investment.

AUD > INR exchange rate history

We’ve put together the annual average exchange rate for the Australian dollar against the Indian rupee from 2007 to 2016.

YearAUD = INR
20162.854532
20152.923023
20143.224297
20133.497336
20123.993839
20113.692372
20103.430683
20093.134919
20083.043713
20073.434769

Here’s the monthly average exchange rate for the Australian dollar over the past 12 months.

MonthAUD = INR
Feb. 201751.354305
Jan. 201750.730304
Dec. 201649.758511
Nov. 201650.926746
Oct. 201650.820652
Sep. 201650.549487
Aug.201651.053978
July 201650.559762
June 201649.713782
May 201648.99555
April 201650.939416
March 201650.149738

What affects AUD > INR exchange rates?

Five economic and financial indicators affect how the Australian dollar trades with the rupee: the country’s GDP, retail sales, industrial production, relative inflation rates and trade balances. This could be seen in early 2013, when the rupee depreciated due to stagnant reforms and declining foreign investment.

Less aggressive factors are consumer confidence, the strength of other currencies, investor speculation and day-to-day news about natural disasters, elections and new government policies.

Compare today’s rates from providers who can send AUD to INR

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USD 1 Within an hour AUD 3.99 52.216 INR 260,871 Use promo code FINDER to send your first transfer at no fee to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
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Compare up to 4 providers

Bottom line

When exchanging Australian dollars for Indian rupees, find a provider that offers two-sided quotes to understand the spread they charge. If they show you only the buy or sell rate — but not both — consider looking elsewhere. Ultimately, the close you can get to the mid-market rate, the better the deal.

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