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Top 3 Money Transfer Providers for Australia to India

Provider Amount To Send Fee Exchange Rate Speed
Smart Currency Exchange Smart Currency Exchange AUD $10,000.00 No Fee 55.5048 1-3 days more...
Moneycorp Moneycorp AUD $10,000.00 No Fee 54.7423 1-3 days more...
Average Australia Bank Average Australia Bank AUD $10,000.00 No Fee 53.2397 1-5 days more...
FXcompared Country Guides
Australia has an open environment for sending money to Australia and to transfer money out of Australia Read More
There are few restrictions on transferring money to India but the Reserve Bank of India (RBI) has begun enforcing an existing Foreign Exchange Management Act (FEMA) article that prohibits rupees from Read More

Below are the best exchange rates for australian dollars to rupees offered on FXcompared from our listed money transfer companies, to help you make the best decision for your transfer. AUS to INR Exchange Rates.

Top 4 Money Transfer Providers

Exchange Rates as of 19 July 2024, 01:48

Smart Currency Exchange

Est. 2004
Smart is focused on helping clients to effectively and efficiently send and receive payments internationally
More InfoLess Info
Amount Received
INR 555,047.81
AUD $418.37
saved vs. banks


Est. 1979

One-off payments | Regular payments | Great rates | Safeguarded customer funds

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Amount Received
INR 547,422.91
AUD $282.37
saved vs. banks

Average Australia Bank

Est. 1800

Average of the top 9 Australian Banks costs as compiled by our own FXC Intelligence group. For more details on how the bank price comparisons for Australia and New Zealand Banking Group, Bank of Western Australia, Bendigo Bank, Commonwealth Bank of Australia, National Australia Bank, St. George Bank, Suncorp Bank, Westpac Banking Corporationare calculated, see our IMTI page.

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Amount Received
INR 532,397.38
AUD $14.37
saved vs. banks


Est. 2005

Great rates | One-off payments | Regular transfers | E-Money Institution | No fees for FXcompared customers

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FXcompared Rating
Amount Received
INR 555,608.47
AUD $428.37
saved vs. banks

Australian Dollar to Indian Rupee Exchange Rate History, 1966-1999

The Australian dollar (AUD), Australia’s official currency, was originally a fixed currency at its introduction in 1966, directly pegged to the US dollar (USD). It was switched to a managed floating arrangement and was briefly pegged to Great Britain’s pound sterling (GBP) in August 1971, following the US dollar’s announced float. By the end of that year, the AUD had been revalued and was once again linked to the USD. The Australian dollar became a free-floating currency in December 1983, though the Reserve Bank of Australia (RBA) maintains the authority to intervene in the foreign exchange markets to prevent potentially harmful swings in the currency’s value.

The Australian dollar has historically traded at a higher conversion rate against the Indian Rupee (INR, “Rs”). Since 2000, the AUD to INR average conversion rate is Rs38.6018, with the AUD-INR exchange rate ranging from a high of Rs58.9932 to a low of Rs23.4571.

Australian Dollar Historically Strong against the Rupee from 2000-2014

The AUD has steadily appreciated against the rupee for many years. In 2000, the conversion rate was AUD to INR Rs28.5871. While the dollar’s value fluctuated slightly against the rupee for the next several years, it consistently climbed in value, even as India’s economy grew. Starting in the early 1990s, the Indian government introduced a series of economic liberalization measures, which included privatization of state-owned enterprises, reduced controls on foreign investment and trade, and deregulation of many industries. These measures helped to accelerate India’s growth, with the country’s growth rate averaging under 7% each year from 1997 to 2011. During this time period, the Australian dollar continued a steady increase in value against the INR, and by January of 2011 was trading at Rs45.5154.

In 2011, the Australian economy began to weaken, brought on by slower annualized growth rates. This decline in growth was attributed in part to a drop-off in mining investments, weakened consumer sentiment and consumption, and softening labor markets. India’s economic growth also began to slow in 2011. Higher interest rates, rising inflation, and investor pessimism regarding the global economy and the Indian government’s commitment to push through additional economic reforms led to a decline in investment in the country. By the end of 2012, the Indian government introduced a series of additional economic reforms, including allowing increased levels of foreign participation in direct investment, and a number of deficit reduction measures. The rupee, however, was still in a slide against the Australian dollar. The year finished with the AUD to INR conversion rate at Rs57.0504 to the dollar.

Australia Slowing, India Growing - Story of 2015

The Reserve Bank of Australia recently announced that it will keep interest rates steady in the first quarter of 2015. The long-term outlook for the AUD, however, points to an overall weakening over time. India’s long-term growth outlook is moderately positive. This is due to a young work population and India’s increasing integration into the global economy. In 2014, India saw its investor confidence bounce back as a reform-minded government was elected to power.

During the last quarter of 2014, the Indian economy grew at a rate of 7.5%, the rupee began to stabilize, and the government began to get the country’s inflation under control. Over the next several years, India’s growth is expected to stay within the 7% range, as government reforms begin to have an effect. In early 2015, the currency exchange rate between AUD:INR showed the dollar with a slightly lowered value compared against the rupee, with a conversion rate of Rs48.2983. If India’s economy continues to strengthen, the rupee may continue to gain ground against the Australian dollar. is an fx money comparison site for international money transfer and to compare rates from currency brokers for sending money abroad. The website and the information provided is for informational purposes only and does not constitute an offer, solicitation or advice on any financial service or transaction. None of the information presented is intended to form the basis for any investment decision, and no specific recommendations are intended.  FXC Group Ltd and FX Compared Ltd does not provide any guarantees of any data from third parties listed on this website. FX compared Ltd expressly disclaims any and all responsibility for any direct or consequential loss or damage of any kind whatsoever arising directly or indirectly from (i) any error, omission or inaccuracy in any such information or (ii) any action resulting therefrom.