Best Euro to Rupee Exchange Rates Today (EUR/INR) | finder.com

Best EUR to INR exchange rate today

Analyze the trade history and find today's mid-market rate.

Last updated:

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

A country’s economy, trade and inflation are among the factors that affect the exchange rates between the euro and the Indian rupee.

Today’s mid-market rate

Live Rate

= 80.6303

Refreshing in: 60s | Sat, Aug 24, 11:04AM GMT

Buy Indian rupee with the euro

Depending on your needs, you can buy rupees through your bank or an online transfer specialist. Compare these tops picks to find your best transfer option.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
USD 0 1 - 2 days EUR 0.00 79.663 INR 398,314 Offering no maximum and no minimum limit transfers with $0 fees. Go to site Show details
USD 1 1 - 2 days EUR 0.00 80.308 INR
401,539
Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks. Go to site Show details
USD 1 Within an hour EUR 0.00 79.985 INR 399,926 Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up. Go to site Show details
USD 1,000 1 day EUR 0.00 79.502 INR 397,508 No-maximum limit transfers with competitive exchange rates for 100+ currencies. Go to site Show details

Compare up to 4 providers

The exchange rates in the table are not locked in. Confirm your final rate on the provider’s site before completing any transaction.

When is the best time to buy?

Despite Brexit talks in Europe causing a bit of instability in the region, the euro continues to hold second as the world’s most traded currency. Though the euro is on an upswing, a recession or political unrest could affect its value.

The Indian government placed restrictions on the movement of the rupee outside the country. With close to 20% of the world’s population using the INR, this could be a reason the euro continues to hold more value.

How does the euro trade against the rupee historically?

From its launch in 1999 until now, the euro has traded with more value against the rupee, mostly as a result of public debt, weak economic competitiveness and high levels of inflation. In 1999, the euro valued at INR 50.

In the next two years, the value of the euro fluctuated in between INR 40 and INR 50, and it saw its low point of INR 39.50 in May and October of 2000. The euro witnessed an upward trend in mid 2001, and by the end of 2002 it got back to the INR 50 mark.

From 2003 to 2008 the euro hovered between INR 50 and INR 60, touching the upper end in December 2004 and August 2006. When the subprime mortgage crisis in the US threatened to upset world markets in between 2008 and 2009 the euro held its own. During this period its value in comparison to the rupee increased noticeably, with the euro crossing the INR 70 mark for the first time in September 2009.

EUR to INR exchange rate history

The past can be a good indicator of the future. Depending on the sociopolitical atmosphere, interest and inflation rates, foreign trade, public debt and export to import price ratios can influence exchange rates. Below you can find the average exchange rate for the past week.

Aug 17 Aug 18 Aug 19 Aug 20 Aug 21 Aug 22 Aug 23
1 EUR = 78.9338 Inverse: 0.0127 78.9163 Inverse: 0.0127 79.5266 Inverse: 0.0126 79.3357 Inverse: 0.0126 79.2462 Inverse: 0.0126 79.7264 Inverse: 0.0125 80.6303 Inverse: 0.0124

Average exchange rate over the past 6 months.

Mar 24 Apr 19 May 15 Jun 10 Jul 06 Aug 01
1 EUR = 78.1342 Inverse: 0.0128 78.0325 Inverse: 0.0128 78.6966 Inverse: 0.0127 78.7016 Inverse: 0.0127 76.8799 Inverse: 0.0130 76.7859 Inverse: 0.0130

Average exchange rate over the past 10 years.

2009201020112012201320142015201620172018
1 EUR =64.9811
Inverse: 0.0154
57.1935
Inverse: 0.0175
64.2103
Inverse: 0.0156
69.5506
Inverse: 0.0144
70.4364
Inverse: 0.0142
80.2527
Inverse: 0.0125
72.0295
Inverse: 0.0139
75.6831
Inverse: 0.0132
71.6930
Inverse: 0.0139
79.8966
Inverse: 0.0125
  

What affects the euro to rupee exchange rate?

The proximity of Europe to India has a small affect on its currency exchange. However its trade practice, economies and government policies does have a larger affect.

The global economic slowdown got to Europe by late 2009, put the euro down by 18% against the rupee to INR 57. But by 2011 the euro climbed back to INR 70, and by May 2013 it was valued between INR 67 and INR 72.

The United States Federal Reserve Board announced in 2013 that would cut back on its quantitative easing program, causing a surge in investors to pull their money out of India. This, alongside inflation, resulted in the euro reaching the historic INR 90 mark.

Towards the end of 2014, India’s newly-elected government promised significant economic reforms, boosting investor confidence. The threat of Greece exiting the Eurozone and the euro’s deflation tipped the euro down to INR 69.54 in March 2015. The looming Brexit could affect the euro, but as of June 2019, those talks are still ongoing.

Bottom line

To find the best rate for your EUR to INR exchange, keep an eye on the mid-market rate and stay on top of current events to get a leg up on what the market could do and where it’s headed.

Frequently asked questions

Was this content helpful to you? No  Yes

US International Money Transfer Offers

Important Information*
Logo for XE Money Transfer
XE Money Transfer

Offering no maximum and no minimum limit transfers with $0 fees.

Logo for WorldRemit International Money Transfers
WorldRemit International Money Transfers

Use promo code 3FREE to send your first 3 transfers with no fee. Send to 110+ countries for bank-to-bank deposit, cash pickup or mobile top-up.

Logo for TransferWise
TransferWise

Enjoy high maximum transfers into more than 20 currencies while saving up to 90% over local banks.

Logo for CurrencyTransfer
CurrencyTransfer

Exclusive: Minimum transfer of $1,000 for Finder readers (normally $5,000).
For larger transfers, get no transaction fees and no maximum send limits.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site