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Frequently Asked Questions (FAQs) INR-EUR

I have previously changed Euros to rupees, what do I do if I have leftover rupees on my way back from a holiday? Abrir Respuesta

When you return from your trip, you can change your exceeding currency, only notes not coins, (rupees in this caseat your bank or your closest travel money supplier.

Check the Indian Rupee to Euro prices firstly and make a comparison on Cambiator to find out the most interesting provider. If you go to your bank, bear in mind that your bank will impose on you, once again, a commission close to 3per cent with a minimum of 6 to 9 Euros (the largest of the two).

Is there a ceiling of rupees from India that I can change online in Spain when I change rupees from India to euros? Abrir Respuesta

The most common rupees from India to euro currency exhange in Spain of an individual who exchanges rupees from India to euros is normally around the equivalent to seven hundred euros.

If you have to change rupees from India for more than 5,999 euros in value, the supervision measures that your travel money provider will demand from you will be reinforced. To rephrase it, they can ask you to prove the source of your rupees from India or your employment contract, etc.

But up to the equivalent in rupees from India of 5900 € per calendar quarter, the Spanish currency providers do not normally ask you for more than the Spanish identity card called DNI or NIE to change rupees from India to euros.

Do I have to carry with me any type of document to do a INR-EUR currency exchange? Abrir Respuesta

Normally, to change rupees INR to euros, the European money laundering prevention regulations demand currency suppliers to "know their customers" (KYC (Know Your Customer)). This means that you will have to identify yourself as a seller or buyer with a a valid and current identity document (passport or resident´s identity card called DNI or NIE).

Is it recommendable to order online or click and collect rupees for euros in Spain? Abrir Respuesta

The economical rupees to euro rates are generally obtained when you sell them online to collect them from from an outlet of a currency supplier around you.

As for Spanish banks, almost all of them allow for online booking. In some cases let you reserve online and collect your euros later that month. But the INR-EUR price you will end up paying will be, that of the collection day, not that of the day you made the reservation of the rupees to euro change.

Is it safe to sell rupees to euros online in Spain? Abrir Respuesta

Indeed. You can sell your rupees for euros in the online store of a travel money supplier that has a website.

In addition, they will propose you the possibility of booking online and picking your euros at one of their branches.

For your information rates vary daily so it will be optimal to order online the very day you will head to the agency to sell your PEPEGILLO2 in exchange for euros.

When is the best time to change rupees from India to euros in Spain? Abrir Respuesta

There is no better or worse ocasion to exchange rupees from India to euros. All foreign currencies appreciate or depreciate every day based on the other currencies they are matched with.

For that reason, if you intend selling rupees from India for euros, the highly advised thing you can do is carry on a preceding rate matching on Cambiator.

How will I get the best INR-EUR exchange rate today in Spain? Abrir Respuesta

Getting to know the best exchange rate for the rupees with respect to the euro every day in Spain, is simple.

Firstly, we advise you to not belive in the rates of the currency converters you can find on the Internet. These rates are for foerign currency but not for notes. Additionally, they are restricted to banks. The rates you pay as a consumer are less competitive.

Secondly, we advise you to look at the direct Indian Rupee to euro exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that varies every day).

The higher that number is, the more euros you will obtain for every Indian Rupee you give in.

Consequently, the best exchange price will be the higher exchange rate. Cambiator makes it easy for you to obtain the best INR-EUR exchange rate. Our results page orders Euro offers from highest to lowest rate of the day in five currency providers, airports and banks in Spain.

Where to sell and where not to change rupees from India to euros in Spain Abrir Respuesta

The location you are never interested in doing a Indian Rupee to euro currency exchange is at the airport. As with the bottle of water at scandalous prices, the airport manager and the airport currency supplier, split the benefits of your exchange at the airport. Have in mind that, the more players that play in the travel money game the higher the prices to charge to travelers.

Literally all banks in Spain apply to you a three per cent fee, with a minimum (whichever is higher) amount of 6 to 10 euros.

Where can I sell Indian Rupees for euros during my holidays in Spain today? Abrir Respuesta

In Spain you can change Indian Rupees for euros basically at your bank or at the currency suppliers. As a rule banks charge you a fixed fee oscillating between 2.5% and 3% with a minimum of 6 to 10 euros for each currency you do with them.

This applies when you acquire travel money and when you offer your surplus to euros. This means that if you exchange the equivalent of 100 euros from Indian Rupees to euros, in addition to the INR-EUR exchange rate of the day, you will pay between 6 and 10 extra euros as commission. Currency providers that advertise no commission are more interesting since they do not apply you this fee.

Cambiator displays the Indian Rupee to euro exchange rates of the day and sorts them from most to least interesting so that you can choose well where to sell your Indian Rupees to euros.

How does the INR to EUR currency exchange work? Abrir Respuesta

Currency suppliers & Banks are retailers who buy from currency wholesale companies and travellers the banknotes they think they will be able to to offer to their customers demanding from them rupees at the wholesale exchange rate or the retail rate (interbank exchange rate) and mark-up their working margin.

They profit from the rupees you sell to them and offer those banknotes to other travellers at their selling rate of the day, earning that differene.

E.g, if you want to sell rupees in exchange for euros, you contact your currency supplier or a bank and pay the Buy rate of the day they advertise. This price already incorporates a profit margin for the currency provider.

Other popular currencies

Best rate of the day (change currency to euros)

1 USD = 0.91 EUR
1 GBP = 1.147 EUR
Czech Koruna
1 CZK = 0.05 EUR
Turkish Lira
1 TRY = 0.043 EUR
Swedish Krona
1 SEK = 0.098 EUR
Norwegian Krone
1 NOK = 0.095 EUR
Australian Dollar
1 AUD = 0.585 EUR
Canadian Dollar
1 CAD = 0.661 EUR
Brazilian Reals
1 BRL = 0.173 EUR
Colombian Pesos
1 COP = 0 EUR
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