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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
Refreshing in: 60s | Thu, Jul 01, 10:47PM GMT
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{"niche":"USFMT"}
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.
| Jun 24 | Jun 25 | Jun 26 | Jun 27 | Jun 28 | Jun 29 | Jun 30 | |
|---|---|---|---|---|---|---|---|
| 1 GBP = | 103.2464 Inverse: 0.0097 | 103.0043 Inverse: 0.0097 | 103.0043 Inverse: 0.0097 | 103.1394 Inverse: 0.0097 | 103.0987 Inverse: 0.0097 | 102.8277 Inverse: 0.0097 | 102.8430 Inverse: 0.0097 |
Average exchange rate over the past 6 months.
| Jan 29 | Feb 24 | Mar 22 | Apr 17 | May 13 | Jun 08 | |
|---|---|---|---|---|---|---|
| 1 GBP = | 99.9213 Inverse: 0.0100 | 102.4184 Inverse: 0.0098 | 100.3146 Inverse: 0.0100 | 103.1341 Inverse: 0.0097 | 103.1635 Inverse: 0.0097 | 103.2545 Inverse: 0.0097 |
Average exchange rate over the past 10 years.
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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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