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Best CAD to INR exchange rates today
Historical and real-time exchange rates for your trade.
Compare rates for trading the Canadian dollar for the Indian rupee against the mid-market rate to get the best deal for your online exchange.
Today’s mid-market rate
Refreshing in: 60s | Mon, Sep 23, 01:37PM GMT
Buy Indian rupee with Canadian dollars online
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How does CAD trade against the INR historically?
Historically the CAD has seen growth against INR. In January 1994 the CAD traded at INR 23.79, and by the next year it crossed the INR 25 mark. It continued to rise, and by January 2000 it hit INR 30.
The CAD continued to gain against the INR even after 2000, largely because of high public debt and rising inflation in India. The Canadian economy, on the other hand, received a boost due to strong global oil prices and a growing demand for exports.
The Indian government was able to get its growth rate to around 7% between 1997 and 2011, but the CAD continued to gain ground. In May 2006 the CAD rose to INR 40 for the first time. Its value against the INR continued climbing for the next couple of years — by the end of 2011 it valued at more than INR 50.
CAD to INR exchange rate history
The past can be a good indicator of the future. Depending on sociopolitical atmosphere, interest and inflation rates, foreign trade, public debt, and export to import price ratios all influence exchange rates. Below you can find the average exchange rate for the past week.
|Sep 16||Sep 17||Sep 18||Sep 19||Sep 20||Sep 21||Sep 22|
|1 CAD =||54.1906 Inverse: 0.0185||54.1593 Inverse: 0.0185||53.5259 Inverse: 0.0187||53.8416 Inverse: 0.0186||53.6854 Inverse: 0.0186||53.6854 Inverse: 0.0186||53.6615 Inverse: 0.0186|
Average exchange rate over the past 6 months.
|Apr 23||May 19||Jun 14||Jul 10||Aug 05||Aug 31|
|1 CAD =||51.9492 Inverse: 0.0192||52.2719 Inverse: 0.0191||52.0326 Inverse: 0.0192||52.3007 Inverse: 0.0191||53.8474 Inverse: 0.0186||53.6889 Inverse: 0.0186|
Average exchange rate over the past 10 years.
|1 CAD =||41.7352|
What affects CAD to INR exchange rate?
The Indian government introduced economic reforms in 2012, which included increasing foreign participation levels in direct investment, but this didn’t stop the INR from its downward trend against the CAD.
The US Federal Reserve Board’s 2013 announcement that it was considering a cut-back on its foreign bond buying program greatly affected foreign investors in India.
The INR fell hard against currencies like the US dollar (USD) and British pound sterling (GBP), and a bit less so against the CAD. By March 2014 the CAD traded at INR 54.87. In February 2015 the CAD fell below the INR 50 mark, and in August 2015 it traded at INR 49.39.
India’s positive long-term growth and a projected 7% GDP growth in the coming years looks good for the INR. However high unemployment and high public debt challenge Canada’s economy. There is hope that demand for its oil and other Canadian commodities will help.
Finding the best time to trade overall depends on what’s happening politically, economically and socially in India or Canada. Watch for market fluctuations when you think you’re ready to trade.
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