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  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above without any threshold limit in a financial year under the Liberalised Remittance Scheme of the Reserve Bank of India.The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C (1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
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EURO (EUR) - Currency of European Union

Buying Rate (INR)
Selling Rate (INR)
Remittance Rate (INR)

Buy, Sell or Transfer EURO (EUR) in India at the best exchange rates

About EURO (EUR)

The Euro is an official currency of the European Union, which comprises 17 of the 27-member regions. The Euro was introduced in the financial markets globally in the year 1999, after it was officially adopted in the year 1995 in Madrid. The Euro stands amongst the circulation of highest combined notes and coins globally, even surpassing the US Dollar.

The European Central bank based in Frankfurt, the union of the central banks of the eurozone countries manage and administer the Euro currency. However, the European Central Bank possesses the sole authority to set all the monetary policies for the Euro.

Some Facts That You Ought To Know About The Euro:

    1. The short name for Euro is EUR.
    2. The nicknames for Euro are Ege, Juro, Ouro, Teuro, Quid.
    3. The most frequently used coins are 1 €, 2 €, 10C, 20C, 50C.
    4. The most frequently used banknotes are 5 €, 10 €, 20 €, 50 €, 100 €.
    5. The most rarely used banknotes are 200 €, 500 €.
    6. European Central Bank is the chief bank of this region.

Euro - History of Euro

Euro is the monetary unit and the currency of the European Union. The introduction of the Euro goes back to the year 1999 when it appeared for the first time as a non-cash monetary. It was only after the year 2002 that Euro was available both in notes and coins to the member countries of the European Union. Since 28th January 2002, Euro has been the sole and official currency of the 12 European Union Countries. The shift from national currencies to Euro is considered the world’s largest monetary changeover to take place. The shift was accompanied by individuals from every sphere and governmental organisation.

The Economic and Monetary Union was the first to showcase an ambition for a common currency unit. The formal circulation began in the year 2002 but the preparations for its introduction date back to the 1990s. The Maastricht Treaty was signed in 1991 that paved the way for Euro currencies. The treaty focused on introducing a common currency unit for the European Union. The treaty received criticism on the ground that a common currency unit would pose a threat to nationalism and sovereignty. Britain and Sweden, initially, refrained from signing the treaty. The first country to adopt the Euro was Slovenia in the year 2007 and gradually other countries followed.

The criteria for using Euro were first to become a member of the European zone followed by five essential ratifications of the Maastricht Treaty which concluded that a country's inflation rate could not be more than 1.5 per cent than that of the EU countries having the lowest. It was required to fix the exchange rate for the next two years. The European Central Bank, Frankfurt has the responsibility for issuing Euros and dealing with the measures for protecting its market value. Euro has emerged as a leading currency globally with its value reaching high. 1€ equals $1.09 according to the latest update.

The Euro symbol represents the unity of Europe with a map of Europe, the EU’s flag, and arches, gateways, windows, and bridges. It was designed by the Austrian artist Robert Kalina. Presently, Euros are available in denominations from €5 to €500. Euro is used in several independent countries including French Guiana, Guadeloupe, and Martinique. This has also resulted in the diversity of designs as these independent countries can decide on the design while minting.

Factors affecting the exchange rate of the Euro

The Central Bank of the Eurozone regulates the flow of Euros in all the EU nations. Several economic, and political factors are responsible for affecting the value of the Euro. Let's discuss the prime ones:

1. The Central Bank of the Eurozone

The Eurozone has seven institutions and one of these is The Central Bank. It was established by the Treaty of Amsterdam, in 1998. The bank manages and administers the flow of the Euro across the Eurozone. Any changes in the policies of the bank or the introduction of new policies affect the Euro exchange rate. To maintain a healthy status, The Central Bank works in accordance with the Central Banks of each EU (European Union) nation.

2. Eurozone countries

A strong sense of togetherness and unity is shown by the Eurozone as 19 out of 28 European countries are a part of the Eurozone. All these 19 countries have Euro as their national currency. Any changes in the list of the Eurozone countries can impact the overall value of the Euro in the international scenario. Also, since The Central Bank works in accordance with the Central Banks of each EU, financial debts and budget deficits of different EU countries impact the Euro.

3. Employment status

The employment of any country plays a vital role in deciding its financial scenario. So, Eurozone countries need to maintain a good employment status and work towards unemployment so that the exchange rate of the Euro remains stable.

4. International policies

International politics and policies also decide the currency value of different countries, to this, the European Nation is no exception. An increase in the prices of international commodity markets and changes in international politics affects the Euro and eventually, the economic and financial conditions of each EU nation as well.

5. Economic and political conditions

All 19 countries of the Eurozone contribute to the stability of the Euro. So, the economic status and political scenarios of EU nations play a quintessential role in deciding the exchange rate of the Euro. While economic growth can hike the value of the currency, a decline can lead to the devaluing of the same.

Quick Facts About EURO (EUR)

Currency Name EURO
Short Name EUR
Nicknames EGE, JURO, OURO, TEURO, QUID
Symbol (s)
Unit 1/100, CENT
Frequently Used Coins 1 €, 2 €, 10C, 20C, 50C
Rarely Used Coins 200 €, 500 €
Frequently Used Bank Notes 5 €, 10 €, 20 €, 50 €, 100 €
Rarely Used Bank Notes USD2
Central Bank, Name & Website EUROPEAN CENTRAL BANK | WWW.ECB.EUROPA.EU
Nations that unofficially use US Dollar as a Part of their Legal Tender ANDORRA, KOSOVO, MONTENEGRO, ZIMBABWE

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The Euro Currency

The second-most globally traded currency, the Euro is also the second largest currency in the world. The currency is amongst the ones with the highest global circulation of the combined values of bank notes and coins, even surpassing the US Dollar. Other than the members of the European Union, there are Euro currency countries within the European Union that do not use Euro as their official currency viz: Bulgaria, the Czech Republic, Denmark, Hungary, Latvia, Lithuania, Poland, Romania, and Sweden.

nations that unofficially recognise the use of the EURO:
Andorra, Kosovo, Montenegro, Zimbabwe


How to find best currency rate online?
To find the latest 1 INR to EURO or the current Euro rate, simply visit the Thomas Cook website. Bear in mind that Thomas Cook is the best money converter in the country, along with being a customized tour package provider. If you are looking for good foreign exchange rate, turn to Thomas Cook.

Currency Rate Today

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Frequently Asked Questions

I am soon travelling to Europe. How and where to buy Euro for my trip?
You can buy the Euro from many authorised vendors available that you can find on the internet. In case you wish to buy from us, please contact our team and they will get back to you with the necessary clarity for you. You can also buy Euro online from our website by just filling up a simple form and submitting the necessary documents. At the end of the transaction, the forex will be delivered at your doorstep.
How much Euro would be enough for the trip?
This is completely dependent on the nature of your trip. If you are confused about the expenses that you might have to incur while you are on the trip, then please contact our team of experts and they will guide you with the proceedings.
How much Euro can I carry in and out of Europe?
You may carry up to €10,000, or foreign currency equivalent, in and out of Europe. However, in case the amount you are carrying exceeds the given limit, then you must declare the same.
I have US Dollars enough to suffice for a good portion of the trip. Can I use that in Europe instead of exchanging it for Euro?
We suggest you change them to Euros instead of carrying US dollars only. Using USD to make payments will become an expensive affair when swapping change. In case you need more clarity, please contact our experts for a detailed advice.
How do I exchange money in Europe?
There are many vendors that will provide you the forex services right from the airport to banks to post offices. We suggest you carry a prepaid forex card which will also keep your money secure and you can reload it any time.

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