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Planning A Foreign Trip? Have A Look At How Indian Rupee Stands Against Other Major Currencies

If you are planning a foreign trip in the coming months, it's wise enough to check out how the Indian rupee is performing against other major currencies. Remember, the weaker the rupee, the more you are likely to have to pay from your pocket while travelling abroad. While the currency rate keeps varying every day, checking the current rates will give you a fair idea of its range and may assist in planning as well.

Vanya Gautam Updated on Jan 06, 2023, 19:18 IST

The year 2023 has already started. And just like almost every year, most of us must have made New Year's resolutions.

While exercising, saving more, and spending time with family and friends are common financial resolutions we hear of from many people, another habit that is no less than a financial resolution, especially for millennials?and Gen Z nowadays, is to?travel?more and more!

While travelling in India wouldn't require you to have a look at how our currency is doing against others, the same would matter if you were planning a foreign trip in the coming months. This is even more important in the current scenario, when the Indian currency has gone through a harsh year in which it hit its all time lows not once but multiple times.

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Also Read:?How A Falling?Rupee?Impacts Your Finances?

Remember, the weaker the rupee, the more you are likely to have to pay from your pocket while travelling abroad.?While the currency rate keeps varying every day, checking the current rates will give you a fair idea of its range and may assist in planning as well.

So let us have a look at how India’s currency, the rupee,?stands against various other major currencies?around the world, including the euro and the dollar, among others (as per rates on Xe.com, which is a Canada-based online foreign exchange tools and services company).

1. US Dollar

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The mighty US dollar is the official?currency?of not only the?United States?but?several other countries,?including Ecuador, Zimbabwe, El Salvador, and Puerto Rico, among others.

$1 equals to ?82.6

2. Euro

The euro is currently the official currency of 20 of the 27 members of the European Union (EU). EU is a group of countries that is known as the eurozone, or, officially, the euro area.??

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Only?Bulgaria, Czechia, Hungary, Poland, Romania,?and?Sweden?are EU members that are yet to adopt the euro. The 20 countries that have adopted the euro as their national currency, are Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

€1 equals to ?86.9