Best GBP to INR exchange rates today | finder.com

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Best GBP to INR exchange rates today

Find the best exchange rates for your pound to rupee exchange.

Compare the mid-market rate and analyze its exchange history to get the best rates for GBP to INR.

Today’s mid-market rate

Live Rate

= 103.1341

Refreshing in: 60s | Sun, Apr 18, 04:58PM GMT

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Buy Indian Rupee with British pound

Compare money transfer companies to find the best rate for your trade.

Min. Transfer Amount Transfer Speed Online Transfer Fee Rate Amount Received Description CTA Details
$1,000 1 day GBP 0.00 102.103 INR 510,514 OFX has no maximum limit transfers, with competitive exchange rates for 45+ currencies. Go to site Show details
USD 1 Same day GBP 0.00 102.67 INR 513,350 XE has fast transfers with no fees and a range of foreign currency tools. Go to site Show details
$1 Within an hour GBP 8.00 100.814 INR 503,262 MoneyGram has fast cash pick-up transfers to more than 350,000 agent locations worldwide. Go to site Show details

Compare up to 4 providers

Disclaimer: Exchange rates change often. Confirm the total cost with the provider before transferring money.

When is the best time to buy?

The best time to buy INR depends on sociopolitical atmosphere, interest and inflation rates, foreign trade, public debt, and export to import price ratios.

The Indian economy is slowly growing, with developments in the technology sector earning the INR more value. However, the ongoing trade war between China and the US could hurt India, who trades a lot with China.

How does GBP trade against INR historically?

From 2002 through to 2008, the value of the pound fluctuated between roughly 75 and 85 rupees. During the financial crisis, the pound dropped quickly against the rupee, falling from an exchange rate of 83.94 on October 2008 to 67.56 by January 2009.

As the UK saw slow growth after the crisis, its exchange rate dropped to 65 rupees in 2010 and held steady for about a year. However the second half of 2011 and into 2012, the value of the pound began to rise against most major currencies, including the rupee.

During the same time, a US Federal Reserve Board policy prompted investors around the world to abandon emerging and risky markets, such as India, for more stable markets such as the US and UK. The value of the pound skyrocketed to more than 100 rupees in August 2013, and it consistently traded from roughly 95 to 105 rupees in the following two years.

GBP to INR exchange rate history

Based on historical data we can forecast the GBP to INR exchange rate. Here you can find the average exchange rate for the past week.

Apr 12 Apr 13 Apr 14 Apr 15 Apr 16 Apr 17 Apr 18
1 GBP = 103.1505 Inverse: 0.0097 103.4414 Inverse: 0.0097 103.3713 Inverse: 0.0097 103.0055 Inverse: 0.0097 103.1377 Inverse: 0.0097 103.1341 Inverse: 0.0097 103.1341 Inverse: 0.0097

Average exchange rate over the past 6 months.

Nov 2020 Dec 2020 Jan 2021 Feb 2021 Mar 2021 Mar 2021
1 GBP = 98.8336 Inverse: 0.0101 98.1961 Inverse: 0.0102 99.5316 Inverse: 0.0100 99.4522 Inverse: 0.0101 102.1145 Inverse: 0.0098 99.9122 Inverse: 0.0100

Average exchange rate over the past 10 years.

2009201020112012201320142015201620172018
1 GBP =73.7286
Inverse: 0.0136
67.9026
Inverse: 0.0147
73.8960
Inverse: 0.0135
85.3238
Inverse: 0.0117
83.5187
Inverse: 0.0120
101.8305
Inverse: 0.0098
96.3347
Inverse: 0.0104
97.0273
Inverse: 0.0103
83.1098
Inverse: 0.0120
91.5220
Inverse: 0.0109

What affects GBP to INR exchange rate?

Strict government policies imposed by the Reserve Bank of India affects how frequently it’s traded on international markets. This gives the British pound, the fourth most traded currency, an advantage.

India’s Foreign Exchange Management Act places tight restrictions on outgoing rupee transfers, making it challenging for consumers to send money overseas from India.

The colonial history of Britain and India makes the pound and rupee a popular currency pair — with consistent fluxuation, with the pound dominating.

Bottom line

If you decide to use a money transfer service to change your GBP to INR, consider its fees, time it takes to transfer and its rate compared to the mid-market rate.

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