With so many nations packed into such a tiny space, you will never run out of destinations to explore in Europe. There are 28 different currencies in use across Europe. However, the Euro is the currency of 21 countries and 4 microstates. It is super simple to convert INR to Euro before your trip. Don’t worry if you happen to run out of cash while you’re away, you can pop into a store to pick up some more currency.
Europe Currency Exchange Rate
The currency in Europe is Euros (EUR). The symbol for EUR can be written as €, whereas the symbol for INR can be written as Rs. Euro notes come in seven denominations: 5, 10, 20, 50, 100, 200 and 500 euro. Similarly, euro coins come in eight denominations: 1 euro, 2 euro, 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents. Like the Indian Rupee is divided into 100 paise, a Euro is divided into 100 cents. As of 2019, the INR to Euro conversion rate is 1 Euro equals to 79.41 INR. Wondering how to convert INR to Euro?
Convert INR To Europe
|1 INR||0.0125942 EUR|
|5 INR||0.0629712 EUR|
|10 INR||0.125942 EUR|
|25 INR||0.314856 EUR|
|50 INR||0.629712 EUR|
|100 INR||1.25942 EUR|
|500 INR||6.29712 EUR|
|1000 INR||12.5942 EUR|
|5000 INR||62.9712 EUR|
|10000 INR||125.942 EUR|
|50000 INR||629.712 EUR|
Convert Euro To INR
|1 EUR||79.4013 INR|
|5 EUR||397.007 INR|
|10 EUR||794.013 INR|
|25 EUR||1985.03 INR|
|50 EUR||3970.07 INR|
|100 EUR||7940.13 INR|
|500 EUR||39700.67 INR|
|1000 EUR||79401.33 INR|
|5000 EUR||397006.67 INR|
|10000 EUR||794013.34 INR|
|50000 EUR||3970066.71 INR|
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5 Best Currency Exchange Places In Europe
Heading straight to the bank is the best way to convert INR into Euro. Here’s a list of 5 banks that offer the best currency exchange rate:
1. European Central Bank
Out of all the banks in Europe, the European Central Bank has been issuing Euro banknotes for the longest time. All the notes are legal tender throughout the Euro area. The bank usually updates the exchange rates every working day, except on TARGET closing days. They are based on a regular daily concertation procedure between central banks across Europe.
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2. ICICI Bank
With competitive exchange rates, ICICI Bank makes sure you get your money’s worth. The service charges depend on the amount being encashed. To know the exact amount you shall receive, you can use their exchange rate calculator. When you choose confirmed exchange rates, the rate is confirmed or locked in at the time of transfer initiation. You need to specify the amount in Rupees that you want to exchange.
Citibank charges a substantial amount of money for delivery to your home or office. However, if you want to convert INR to Euro, it is free at any Citibank branch. The Citibank foreign transaction fee is 0% or 3% of purchases processed internationally, depending on the card. It’s best to set a Citi travel notification for your credit card or debit card any time you’re taking a trip.
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4. Wells Fargo
The catch is that foreign currency is only available for Wells Fargo checking and saving account holders. Many branches throughout Europe keep frequently ordered foreign currencies on-hand for immediate availability. To find a location near you that keeps currency on hand, you can use their branch locator.
5. JP Morgan
JP Morgan has access to the best exchange rates and usually charge fewer fees than exchange bureaus. If you like to plan ahead and want to convert INR to Euro in Europe, this bank is your best bet. If you want to exchange currency without fees, you should be an account holder in the bank.
ATMs And Debit Cards In Europe
To avoid getting fleeced, the best way to convert INR to Euro is at ATMs or by using your debit card. Here are a few things to keep in mind:
- Use your credit card to get cash only in emergencies because you’ll have to pay a sizeable cash-advance fee.
- Expect to be shortchanged by banks, ticket booths, and restaurants if you haven’t figured out the currency conversion.
- Avoid having a lot of unused currency left over when you cross borders between countries that use different currencies.
- You should ideally spend your coins, change them into bills, or give them away before you head into a country where they’re worthless.
- A good idea would be to settle for a partner ATM to incur less exchange fee.
All hotels and airports will exchange your money for the local currency, but the INR to Euro conversion charges at these places are very high. You might pay more than 25% in fees. Make sure to convert INR to Euro at some of the cost-effective places that we have mentioned above on your trip to Europe. If you come across any other place where the exchange rate is low, let us know about it in the comment section below.
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