Best CAD to INR exchange rates today | finder.com

Best CAD to INR exchange rates today

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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

Live Rate

= 51.8570

Refreshing in: 60s | Mon, 20 May 01:00pm GMT

Historical rate chart of CAD and INR

1
0
Updated: 20 May 2019 13:00:34 UTC

Buy Indian rupee with Canadian dollars online

When you’re ready to buy Indian rupees, compare rates from banks or use online forex traders.

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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.

May 13 May 14 May 15 May 16 May 17 May 18 May 19
1 CAD = 52.3799 Inverse: 0.0191 52.2491 Inverse: 0.0191 52.2361 Inverse: 0.0191 52.1715 Inverse: 0.0192 52.2316 Inverse: 0.0191 52.2316 Inverse: 0.0191 52.2719 Inverse: 0.0191
	

Average exchange rate over the past 6 months.

Dec 2018 Jan 2019 Feb 2019 Mar 2019 Apr 2019 Apr 2019
1 CAD = 52.3905 Inverse: 0.0191 53.0369 Inverse: 0.0189 53.5945 Inverse: 0.0187 52.1293 Inverse: 0.0192 51.9769 Inverse: 0.0192 51.8868 Inverse: 0.0193

Average exchange rate over the past 10 years.

2009201020112012201320142015201620172018
1 CAD =41.7352
Inverse: 0.0240
43.9575
Inverse: 0.0227
46.6537
Inverse: 0.0214
53.4150
Inverse: 0.0187
53.2133
Inverse: 0.0188
55.0012
Inverse: 0.0182
52.4232
Inverse: 0.0191
52.9145
Inverse: 0.0189
47.1100
Inverse: 0.0212
51.7863
Inverse: 0.0193

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.

Bottom line

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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2 Responses

  1. Default Gravatar
    ArashdeepMarch 21, 2018

    when the dollar rate will go up in future

    • Avatarfinder Customer Care
      MayMarch 23, 2018Staff

      Hi Arashdeep,

      Thanks for your inquiry! The dollar rate is volatile and could go up and down at anytime depending on the currency exchange rates in the market and other economic factors that affect the conversion. So I’m afraid we can’t really tell when the dollar value would rise or fall.

      Cheers,
      May

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