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Since its launch, the euro has been dominating the currency market.
But how is and will perform against the Indian Rupee?
In fact, in 2000 EUR/INR was 39.90 (more on that later).
Let’s discuss everything about the EUR and INR.
India and Europe have an old history of mutual trading.
The EU has been the third-largest trading partner of India.
Euro to INR conversion is at least five centuries old.
First things first!Before taking out charts, let’s explain the euro to the Indian rupee.You can toss it up and make it INR to EUR.Let’s dig deeper into this:
First things first!
Before taking out charts, let’s explain the euro to the Indian rupee.
You can toss it up and make it INR to EUR.
Let’s dig deeper into this:
Euro to Indian rupee mentions the exchange rate of both currencies.
You switch both currencies with a specific rate.
It’s like when you travel from one European country to India.
Can you trade EUR to INR using take-profit and stop-loss?
The answer is NO, as there are no CFDs available for EUR/INR.
First, you see the current rate for EUR to INR.
EUR to INR
Then, you change euros to INR.
Let’s say the recent EUR/INR rate is 89.
Then you need 1 EUR to buy 89 INR.
One may wonder, “What’s the forecast for EUR/INR in 2022?”
Well, for that, we have to look at different things.
Don’t worry, as I’ll explain everything in detail later.
Doing a conversion shouldn’t be like solving an algebraic equation.I see several online tools that take ages.The converter should do it instantly.Let’s find out how you can do EUR to rupee conversion.
Doing a conversion shouldn’t be like solving an algebraic equation.
I see several online tools that take ages.
The converter should do it instantly.
Let’s find out how you can do EUR to rupee conversion.
All you need to do is follow simple steps to make a change.
First, go to our homepage.
There, you can see the analytics menu.
Then, down below, you can find a currency converter.
SafeTrade’s currency converter.
Click on it, and it’ll take you to the converter tool.
The page provides you with three options.
Since we deal with currencies, choose the currency/currency option.
When you do this, you can see the EUR and INR.
Select them, and now you can do an exchange.
As you can see in the image below, I’ve put the value of EUR as 15.
Convert Euro to Indian Rupee
The converter is showing me INR 1279.989004.
The good thing about the converter is the arrow button.
It allows you to swap places of both currencies.
SafeTrader’s EUR to INR converter calculates the price in real-time.
So, what does this mean?
It means you get the same rate as in the central bank.
“But does this tool exchange 2000 euro to INR?”
Of course, it does!
You can put any zeros you want.
The converter won’t break a sweat.
Let’s talk about EUR to INR exchange rate.They say to predict the future. You’ve got a look at history.Well, we are doing precisely that!First, I will explain the past and then move to present rates.
Let’s talk about EUR to INR exchange rate.
They say to predict the future. You’ve got a look at history.
Well, we are doing precisely that!
First, I will explain the past and then move to present rates.
Ok, whenever there’s a history lesson, I take out my chart.
I’m a bit of a data nerd, so I like graphs.
Here we have a EUR/INR chart from 2000 till today.
EUR to INR exchange rate history: “EUR landed in 1999, so why skip one year”.
Well, I haven’t skipped anything.
Even though the euro originated in 1999, it started its operations in 2000.
So, that’s why we were beginning in 2000.
In 2000, EUR/INR was trading at its lowest level.
However, the single currency (nickname of EUR) keeps on climbing after that.
In 2009, it went above 70.
After that, we saw a drop, and the level went towards the 56-mark.
But then, euro bulls flexed their muscles again, and EUR kept rising against INR.
Finally, the rate went above the 85 levels.
After 2013, we saw some dips.
You can see that the price traveled between 67 and 71 in 2017.
However, the euro picked up the pace again and traded higher until 2019.
In 2020, the rate did drop for a moment, but after that, it went crazy.
And now it is trading at an all-time high.
At the time of writing, the EUR/INR rate is 85.27.
So, you see, the rate never returned to the 2000-level.
Euro rise against the Indian rupee so far
A question may pop into your head, “Why does INR go down against EUR”?
The Indian Rupee has been depreciating against major currencies for the past few years.
INR’s weakness is due to the Reserve Bank of India‘s decision.
The bank wants to keep interest rates low.
Why? So that it can bring post-pandemic economic recovery.
However, this is proving risky for the INR.
It is causing inflation in the country.
Market analysts predict that the INR will decrease further in 2022.
The INR is looking to drop for the fourth straight year.
There’s another question that needs some answering.
So, what was the worst rate for EUR/INR?
I have explained this earlier. Can you take a guess?
Shout out to those who say 39.64.
In October 2000, EUR/INR was at its lowest level.
I can hear another curious question.
And one of the probing questions is, “What’s the euro rate in India today”?
According to our converter, the current rate is 85.36.
It means you need 85.36 INR to exchange EUR today.
So, now you know!
Oh boy! Here we go again, another question.
So, how can you remit the euro to INR?
Well, to make a transfer, you need exchange services.
There are plenty of exchange services you can try.
Then, you just change what amount you want and transfer EUR to INR.
You can do it through SafeTrade’s converter tool to calculate the current level.
It allows you to swap the rates of both currencies without any hassle.
So, you don’t have to calculate them manually.
Now you know the past and the present.But what about the future?This section will talk about the forecast for the next two years.So, let’s see what the future holds!
Now you know the past and the present.
But what about the future?
This section will talk about the forecast for the next two years.
So, let’s see what the future holds!
Before going further, I should add one important thing.
The charts I’m going to show you are just predictions.
The exchange rate depends on many factors, as I mentioned earlier.
Therefore, no one can predict the exact price levels.
So, it’s helpful to get a more comprehensive market idea.
With that, let’s talk about the year ahead.
With January behind us, let’s start with February.
EUR to INR forecast 2022
In February, we are gonna see more of the same in January.
The price can range between 83 and 87.
The trend will continue till July.
In August, we can see a drop with prices ranging between 83 and 86.
In the remaining months, the level can further decline.
We can see prices fluctuating between 81 and 83.
According to the chart, December 2022 is the lowest month.
We can see the value of EUR/INR between 80 and 81.
So, overall we can see a price drop.
What will 2023 bring?
Will we see a change in trend or more of the same?
Let’s find out.
EUR to INR forecast 2023
At the start of the year, we can see a slight jump in price.
The levels can range between 81 and 85.
We see that till June 2023, the rate can travel between 80 and 85.
Afterwards, we are going to see a rise.
The EUR bulls can take over the pair.
From July till October, the price can range between 83 and 86.
The last two months will see a rise.
According to the chart, we can see a rate between 84 and 87.
So, an increase from the previous year.
Maybe, you can technically try some volume-based trading method to analyse and forecast the pair’s momentum.
Will the EURO increase against INR?
What is the selling rate of EUR today?
One euro is equal to how many Indian rupees?
So, that brings us to a close.
Now you know the past, present, and future.
Remember that the above tables are just predictions.
The price between currencies depends on several factors.
You shouldn’t take this as investment advice.
It’s better to grasp a broader market view.
SafeTrade Binary Options is a content and service provider. The content you see on our website, whether we state opinions, is for educational purposes only. You shouldn’t take this as investment guidance. No content in the guide is a recommendation by the author or SafeTrade Binary Options, and it isn’t suitable for any investment.