How to use the currency converter
- Enter the amount and pick the currency; press Swap to convert the other way.
- Check the reference rate and the date it was published.
- Enter your bank's or card's markup and whether GST applies, to see the rate you would actually get.
- Use the table to compare all major currencies at once.
How the conversion works
₹ per unit of X = (₹ per €) ÷ (X per €)
The ECB publishes how many units of each currency one euro buys. Dividing the rupee rate by the other currency's rate gives the cross rate. Currencies covered: USD, EUR, GBP, AED, SGD, CAD, AUD, JPY.
What a markup costs on ₹1 lakh
The cost in rupees is the same whatever the currency or exchange rate:
| Markup | With 18% GST | Cost when you buy | Cost when you sell |
|---|---|---|---|
| 1% | 1.18% | ₹1,166 | ₹1,180 |
| 2% | 2.36% | ₹2,306 | ₹2,360 |
| 3% | 3.54% | ₹3,419 | ₹3,540 |
| 3.5% | 4.13% | ₹3,966 | ₹4,130 |
A forex card loaded at a good rate, or a card with no markup, can save most of this on a foreign trip. For large transfers, compare the full rate your bank offers rather than the fee alone.
Frequently asked questions
Which exchange rate does this converter use?
The euro foreign exchange reference rates published by the European Central Bank (ECB) each working day at around 4 pm CET, fetched through the free Frankfurter API. They are mid-market reference rates, not the rates a bank or money changer will give you.
Why is my bank's rate different?
Banks and card networks add a margin over the market rate. Cards usually charge a foreign currency markup of about 1.5–3.5% plus 18% GST on it; money changers and airport counters build their margin into a wider buy-sell spread.
What is a forex markup fee?
It is a percentage your card issuer adds to every foreign-currency or international transaction. With 18% GST on top, a 3.5% markup costs about 4.13%.
How is the UAE dirham rate worked out?
The ECB does not publish a dirham rate. The dirham has been pegged to the US dollar at 3.6725 since 1997, so the converter derives the rupee–dirham rate from the ECB's dollar rate.
Does RBI publish an official rupee reference rate?
Financial Benchmarks India Ltd (FBIL), recognised by RBI as a benchmark administrator, publishes the rupee's reference rates against major currencies. They are close to, but not the same as, the ECB rates shown here.
Are rates available on weekends?
No. The ECB publishes rates only on its working days, so on weekends and holidays the converter shows the last published rate with its date.