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Buy, Sell or Transfer Australian Dollar (AUD) in India at the best exchange rates
| Currency Name | Buy Rate (Card Rate) | Sell Rate |
|---|---|---|
| View Detailed Rate card | ||
Have you just returned from an international trip and have unused Australian dollars, and are looking for a good AUD to INR conversion rate? A trip to Australia is truly fulfilling only when you reconvert AUD to INR at the most competitive rate. It’s time to make your international trip truly enthralling. Convert your AUD to INR now with Thomas Cook.
For an enjoyable vacation, it is important to make arrangements and plans. Finding the best deals on flights and hotel bookings , converting INR to AUD, and making a note of the places you intend to visit could help you enrich your vacationing experience. Being a smart traveler, you must have carried marginally more foreign exchange to save yourself from the hassle of finding a reliable forex vendor during your foreign trip.
Now that you are back from Australia, you may be left with some Australian Dollars. While you can save 1 AUD as a memorabilia of your trip, it is advisable to convert AUD to INR at the earliest to get the best value of your INR. If you want to convert AUD to INR, then we have an ideal solution for you. Thomas Cook not only helps you buy forex at the most competitive rates, but also enables you to reconvert AUD to INR at the best prices. If you are a business traveler, you may choose to retain the leftover AUD currency. However, if you wish to convert your Australian Dollar to Indian Rupee, visit Thomas Cook. Our experts help you get the most competitive Australian to INR rate.
Australia is one of the richest countries in the world with a sound and stable economic base. AUD is Australia’s official currency that is used as an abbreviation for the Australian Dollar. The Aussie dollar holds great importance in the international market as it is the fifth-highest trading currency in the world. Investors and traders in the international market are drawn towards the Aussi dollar for its stable value. In addition, the currency caters to the needs of the fastest-growing regions like Asia. The role of the Reserve Bank of Australia in dealing with inflation has also impacted the Aussie dollar’s importance.
AUD was introduced to the Australian economy in the year 1996, replacing the pound. Following the introduction, AUD was pegged against the US Dollar in 1997 where 1 AUD = 1.12 USD. By the year 1983, it had become a free-floating currency. The history of AUD is a representation of its fast-growing value. It is represented with symbols- AU$, $, A$. Issued by the Reserve Bank of Australia, the currency is available in multiple denominations - Banknotes: $5, $10, $20, $50, $100 and Coins in cents: 5, 10, 20, 50, $1 and $2. In addition to being the official currency of Australia, AUD is also circulated in Cocos Islands, Kiribati, Nauru, Tuvalu and Norfolk Island.
The exchange rate of AUD to INR fluctuates due to several reasons. Presently, it is around 54 INR = 1 AUD. Factors affecting the forex rate can be categorised into three headings- Interest rate, inflation and political policy and exports and imports. The difference between the interest rate of both the country’s reserve banks affects the exchange rate. The Reserve Bank of India currently has a Cash Rate set at around 8.5%, and for Australia, it is set at 2.25%.
The inflation rate is another factor that drives the exchange rate. This is because inflation changes investors’ confidence in the currency’s value. Presently, the Indian inflation is around 5.5 – 8.5% and for Australia it is around 1-2%. Political stability has a direct impact on the exchange rate and this brings a higher exchange rate . Import and export relations of both these countries also have an impact. Iron ore and coal are some of the leading exports from Australia and their international price brings a huge difference. The country with more exports will have a higher exchange rate for their currency.
AUD is not pegged to any currency and is a free-floating currency. INR is also not pegged to any currency. So, the exchange rate of both currencies fluctuates based on several factors, as discussed above. If you are someone who wants to make transactions between AUD-INR, then the easiest way to convert the currency is to use a currency converter. At present, the conversion rate of AUD to INR is 1 AUD = INR 54.89. A simple illustration will make it easier to understand the conversion system.
Suppose, Ashima lives in Australia and wants to send money to her family. She decided to send 20,000 AUD to her family in India.
As per today's exchange rate, 1 AUD = INR 54.89.
This means that 20,000 AUD will be INR 10,97,591.80. So her family in India will receive INR 10,97,591.80 when Ashima sends 20,000 AUD.
A currency converter is built specifically for people who wish to quickly calculate their transactions before they go for the actual currency conversion. It is an online tool that automatically calculates for you once you enter the inputs. You can use a currency converter to convert AUD to INR and get the exact amount.
The rate of 1 AUD is INR 54.89, at present.
This means that for every Aussie dollar, you will get INR 54.89.
1 AUD = INR 54.89
100 AUD = INR 5,849
1000 AUD = INR 54,890 and
INR 1 = 0.018 AUD
INR 100 = 1.8 AUD
INR 1000 = 18 AUD.
Various factors impact the exchange rate of both these countries including political, trade and financial policies. Apart from these, the International price of iron ore and coal impacts the value of AUD to a great extent since Australia is one of the largest exporters of these commodities. Presently, these rates are determined by the Reserve/Central Bank of Australia and India. The Reserve Bank of India (RBI) in India and the Reserve Bank of Australia are the principal authorities who fix the rate that remains the same until these banks make any updates. Looking at the recent trend, 1 AUD has been valued at INR 54-55.
The Australian Dollar is an important currency in the international market and it holds a higher exchange rate than the Indian currency i.e. INR. It has gone as high as 1 AUD = INR 58 and at the same time due to the above-mentioned factors it has gone as low as 1 AUD = INR 51. The present global financial scenario clearly indicates a better growth of the AUD compared to INR. This is major because of the higher exports from Australia to India. This relation between both the counties is positively growing with each year. Before you decide to send or invest, make sure to evaluate the exchange rate and calculate it.
The world is evolving, and you are no longer required to personally go to a currency exchange vendor to sell your leftover foreign exchange. Head straight to our online money converter tool and know the live 1 AUD to INR rate. This will help you with the mental math that you may be struggling with while calculating the value of your Rupee against the Australian Dollar. You can now sell forex online from the comfort of your home. Visit the Thomas Cook website, enter the details, and you are good to go. Don’t worry about the mode of currency. We accept everything from a traveler’s cheque to forex cards.
Thomas Cook takes pride in being one of the world’s leading forex and travel partners. Our commitment towards work has allowed us to offer travel solutions that are sure to enrich your traveling experience. What are you waiting for? Convert AUD to INR today and get the best value of your Rupee with Thomas Cook.
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