EUR to INR

Last Updated -- April 8th, 2022

You have to pay the currency either in coins, banknotes, or digital money for everything you buy. Today we will assist you in converting your euros into Indian currency. Find how much is the value of 1 euro in rupees and why the value keeps on changing.

The euro symbol is €, and the code is EUR. In Europe, it is the official currency of 19 member states out of 27. It is the second most traded currency in the foreign exchange market. According to reports, "In December 2019, more than €1.3 trillion was in circulation. The euro had the highest combined value of banknotes and coins in the world at that time."

The Maastricht Treaty came into power in 1993. Their sole motive was to create a monetary and economic union by the end of 1999. Finally, the euro came into existence on 1st January 1999. On that day, the value of 1 euro in Indian rupees was one only. Soon for all European states (excluding the UK and Denmark) euro became their currency. 

Note: Denmark has a fixed exchange rate policy for the euro.

However, the virtual currency was formed in 1999 but only came into circulation in 2002.     Within some time, it took over the rest of the world. And, in 2009, the Lisbon Treaty finalised its political regime, the Eurogroup, alongside the European Central Bank. 

The symbol to express Indian currency is ₹, and the code we use to denote the Indian currency is INR. The Indian currency is issued and managed by the Reserve Bank of India as per the Reserve Bank of India Act, 1934. 

The symbol ₹ was officially adopted in 2010. This new symbol was formed using the combination of Devanagari and Latin language. र (Ra) from Devanagari and capital R from Latin language was used. However, similar lines indicate the tricolour of the Indian Flag on the symbol. It is also said to represent equality and nations' preference to reduce economic contrast. The first series of new rupee signs came into circulation on 8th July 2011.  

However, on 8th November 2016, the Government of India announced the demonetisation of banknotes of value ₹500 and ₹1,000.      

Further, from 2017 to 2019 new series of banknotes in denominations of ₹10, ₹20, ₹50, ₹100 and ₹200 were released. 

Note: ₹1,000 notes have not been in use since 8 November 2016.

The currency was in use in India from the 6th century BCE. It is considered that ancient India was the oldest and first country to issue coins in the world, along with Lydian Staters and Chinese Wen. 

Even in the centuries 340–290 BCE, Chanakya mentioned the use of silver, gold, copper, and lead coins in Arthashastra. In the 18th century, Indian currency saw many ups and downs.  

Even in the 19th century, the British conducted experiments to regularise the use of gold coins but failed unexpectedly. Further, according to Da Tang Xi Yu Ji, there was no bar set for the financial system at the middle time of the century. 

Ultimately after the partition of India and Pakistan, the Indian government introduced Gulf Rupee. It works as a replacement for the Indian rupee outside the country with the assistance of the Reserve Bank of India Act 1959. The only motive was to reduce the strain on India's foreign reserves from smuggling gold. However, after India dropped the value of the rupee on 6th June 1966. Soon, the rupee was accepted as currency in Nepal and Bhutan. 

Note: Before the partition, the Indian rupee was an official currency of many countries like Oman, Dubai, Kuwait, Aden, Seychelles, Uganda, Mauritius, Qatar, Bahrain, the Trucial States, Kenya, and Tanganyika.

Here we represent the Euro to INR forecast table of the next 12 months for 2021 and 2022.

The table represents the value of 1 Euro in Indian currency.

To convert euro to INR you must know the value of 1 euro in Indian rupees today. For example, on 11th January 2022 the euro to INR live rate was 83.85 Indian Rupees. 

Here are some examples to find the value of 1 euro to INR. 

Note: We are using the same euro to INR live rate of 11th January 2022.

Example 1: Convert 299 euro to INR     

Here the value of 1 euro in INR is 83.85

For 299 euro,

299*83.85 = ₹ 25,070.71

Example 2: Convert 2 euro in rupees     

Here the value of 1 EUR to INR is 83.85

For 2 euro,

2*83.85 = ₹ 167.70

Example 3: Convert 5000 euro to INR     

Here the value of one euro to INR is 83.85

For 5000,

5000*83.85 = ₹ 41,9242.60

Example 4: Convert 30,000 euro to INR     

Here the value of one euro in rupees is 83.85

For 30,000,

30,000*83.85 = ₹ 25,15,455.60

Example 5: Convert 12000 euros in rupees     

Here the value of one euro in Indian rupees is 83.85.

For 12,000,

12,000*83.85 = ₹ 10,06,182.24

Note: The value of the euro rate today in Indian rupees keeps on changing. So, it is advised to check before doing any calculation.

Don't Miss it!

Here is a table showcasing euro to rupee conversion. The values may vary depending upon the euro to INR live rate. 

Here are the differences between EUR and INR.

In January 1999, 1 euro was equal to 1 rupee.

You can convert INR to euro in your bank or credit union. These are the best places to exchange your currency.

In 2021, most banks predicted the rise in the euro against the US dollar. However, due to the Covid pandemic, uncertainty rises in both the political and economic sectors of Europe, which severely affected the Euro forecasts.

The highest was on 19th July 2021. It was 88.454 INR.

1 billion euros in rupees will be 83,98,60,00,000. In other words, it will be Eighty-three Arab Ninety-eight crore and sixty lakhs.

1 million euro in rupees is 8,39,67,000. In other words, it will be pronounced as Eight crores, thirty-nine lakh and sixty-seven thousand.

100 million euro in rupees is 8,39,69,89,281. In words, this amount will be called Eight Arab thirty-nine crore sixty-nine lakh eighty-nine thousand and two hundred and eighty-one.

The best time to convert euro to INR is when EUR is at its strongest.