iCambio is the trademark of Change Center, a foreign exchange office born in 1991. They have exchange offices in Madrid, Andalusia (Málaga, Fuengirola, Torremolinos, Marbella, Seville and Córdoba) and Alicante (Benidorm) and a home delivery website . More details
Today's average exchange rate for this foreign currency in the main banks in Spain. The euros to be paid by the bank will charge a commission of between 2.5% and 3%, with a minimum of € 6 to € 10 (the most expensive of the two). More details
Average prices today for this foreign currency in the two main airports in Spain: Madrid-Barajas Adolfo Suarez Airport and Barcelona El Prat. More details
The common thing is that the foreign currency provider where you will obtain your rupees from India will ask you to show an updated and valid identity document (resident´s ID card (DNI or NIE) or passport in Spain). Have in mind that the driver's ID is not usually accepted as a valid identification document.
Contrarily banks do not usually request any documentation from their customers who buy rupees from India for they already identified them at the time of opening a bank account with them.
In Spain, holiday money providers and some banks are starting to propose online currency exchange services to their clients with three delivery options:
a) buy and pay online and get the currency at home/the office or withdraw it from an office of the courier company (Correos, MRW, Seur, Nacex, etc.). Some of them will allow you to pay cash on delivery when you will be delivered the order in hand.
b) place a reservation for Indian Rupees. Then select a store of the supplier where to pick it up from (online payment with a bank card).
c) place an online booking for Indian Rupees. Afterwards choose an office near your home or work where to pick up and pay. In this modality, the price you pay for your currency may be sometimes that of the day you made the online booking, and in others, the price the day you you present yourself at the office of the foreign currency supplier.
Choose the formula the most convenient for you. Cambiator makes it easy for you to compare.
Cambiator does not recommend acquiring rupees INR at the Spanish airports. This should be your last option, as it is the most expensive.
We also do not recommend changing your rupees INR in a Spanish bank because almost all Spanish banks charge you a 3% commission, with a minimum (whichever is higher) amount between 6 and 10 euros. Lest you have the power to negotiate with them that they do not charge you this fee.
Normally, holiday money suppliers in Spain have high limits for a one shot online order of rupees or any other currency. These maximum quantities are fixed by the Spanish Central Bank. They have to do with the money laundering prevention regulations and Know Your Customer (KYC) obligations
However, these limits normally vary between 3,000 and 5,900 €, which is much more than what a traveler needs for their travel expenses.
In our country you can obtain rupees from India primarily at your bank or at the currency suppliers. Generally banks impose on you a fixed commission oscillating between 2.5% and 3% with a minimum of 6 to 10 euros for each travel money. This applies when you obtain travel money and when you change back your surplus to euros. This means that if you exchange 100 euros to rupees from India, in addition to the euro to Indian Rupee exchange rate of the day, you will be charged between 6 and 10 extra euros. Currency suppliers that advertise no commission are more interesting since they do not impose you this commission.
Cambiator shows you the euro to Indian Rupee exchange rates of the day and displays them from most to least interesting to help you choose well where to buy acquire rupees from India.
There isn´t a best time to order Indian Rupees because the euro to Indian Rupee rates oscillate at all times depending on the strengths of the economies of the Euro countries with respect to the countries that use Indian Rupees.
It is, nevertheless, advisable to pay attention to events like Brexit, major sporting events or armed conflicts, where the rates of a currency can be altered upwards or downwards with respect to the Euro.
Although we cannot estimate how the Euro to Indian Rupee prices will evolve, at Cambiator we help you to obtain Indian Rupees at the best price day to day in Spain.
If you are going to to buy rupees from India you just need to select this currency in our currency purchase form. Next enter the euros you want to change and choose wether you want to be delivered the rupees from India at home or the office or selectyour town in order to collect the currency at a currency supplier.
Cambiator will display the outcome of the different currency suppliers, sorted from more interesting to less appealing. We will also display the median rate at Spanish high street banks and at the airports (if they sell rupees from India).
Upon return to Spain, you can exchange your exceeding currency, only notes not coins, (Indian Rupees in this caseat your bank or your closest currency provider.
Check the Indian Rupee to Euro rates firstly and make a comparison on Cambiator to find out the most interesting provider. Keep in mind that your bank will charge you, once again, a fee near to 3per cent with a minimum of 6 to 9 Euros (the largest of the two).
Indeed. If you want to guarantee the Euro to Indian Rupee price you see on our result page. But also if you want to make sure that the foreign currency provider will not charge you a commission.
In Spain you can fall into the hands of some foreign currency providers with a bad reputation that charge their clients a significant commission when acquiring Indian Rupees directly from their offices without having previously made a reservation on their website.
The Euro-Indian Rupee currency exchange is rather easy to understand. As in all markets, you can find wholesale companies and retail companies.
Banks and currency suppliers are retail businesses who buy from wholesalers the notes they think they will be able to to sell to travellers at the wholesale exchange rate (interbank exchange rate) and mark-up their profit margin.
They then offer those banknotes to you at their selling rate of the day, winning that differene.
E.g, if you want to buy Indian Rupees, you contact your bank or currency supplier and pay the sale rate of the day they display. This rate already includes a profit margin for the currency supplier.
Best rate of the day (exchange euros to another currency)