Currencies Comparison: World Currencies vs Indian Currency Exchange Rate

In the last few quarters, the Indian rupee has depreciated against currencies like the US dollar, but it has also appreciated against other currencies. Therefore, it is crucial to evaluate the exchange rate of INR with other world currencies if you frequently travel outside of India or if you are a Non-Resident Indian (NRI). This will help you in making a wise decision when you want to buy or sell foreign currency in India.

So, we have compiled a list of all major currencies and compared them with the current currency exchange rate of INR in India.

Disclaimer: The currency rates are sourced from Xe.com, Google and BookMyForex rate chart. There may be variances in rates and prices. The rates are on 3rd October, 2023.

1. Asian Currencies vs Indian Currency Exchange Rate

Source: xe.com  (Rates as on 3rd October’2023)

2. Middle-Eastern Currencies vs Indian Currency Exchange Rate

Source: xe.com (Rates as on 3rd October’2023)

3. European Currencies vs Indian Currency Exchange Rate

Source: xe.com (Rates as on 3rd October’2023)

*The euro is the official currency of the eurozone, which consists of 19 of the 27 member states of the European Union: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Read the latest 2023 Edition: Top 10 Countries with the Highest Currency Value in the World

4. South American Currencies vs Indian Currency Exchange Rate

Source: xe.com  (Rates as on 3rd October’2023)

5. North American Currencies vs Indian Currency Exchange Rate

Source: xe.com  (Rates as on 3rd October’2023)

6. African Currencies vs Indian Currency Exchange Rate

Source: xe.com  (Rates as on 3rd October’2023)

7. Oceania Currencies vs Indian Currency Exchange Rate

Source: xe.com  (Rates as on 3rd October’2023)

Currency Exchange Rates

Currency exchange rate is the value of one country’s currency with respect to other currency or the rate at which one currency will be exchanged for another. For example, an interbank exchange rate of 49.90  INR to the New Zealand Dollar means that ₹49.90 will be exchanged for each 1 NZ$ or that 1 NZ$ will be exchanged for each ₹49.90.

The currency exchange rate depends on:

– Political Conditions of a Country

– Economic Conditions

– Inflation/Deflation

– Central Bank’s Interest Rate (In India, it is RBI’s interest Rates)

– Trade with other countries in that currency

– Geopolitical Events (elections, international trade disputes, etc)

List of Few World Currencies where Indian Currency is Stronger

1. Vietnam
2. Indonesia
3. Uzbekistan‌
4. Laos
5. Paraguay
6. Cambodia
7. Mongolia
8. South Korea
9. Hungary
10. Sri Lanka

List of Few World Currencies where Indian Currency is Weaker

1: Kuwait Dinar
2: Bahraini Dinar
3: Omani Rial
4: Jordanian Dinar
5: Cayman Island Dollar
6. Gibraltar Pound
7. British Pound
8. Swiss Franc
9. United States Dollar
10. Euro