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

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

3. British Pound

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The British pound sterling is the official currency of the United Kingdom and its territories.

?1 equals to ?98.2

4. Australian Dollar

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The Australian dollar is the currency of Australia, including its external territories.

$1 equals to ?55.8

5. Canadian Dollar

The Canadian dollar is the currency of Canada.

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$1 equals to ?60.8

Also Read: Did You Know About India's Rs 10,000 Rupee Note

6. Chinese Yuan Renminbi

The Chinese Yuan Renminbi is the official currency of the People's Republic of China.

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?1 equals to ?12.05

7. Swiss Franc

CHF is the abbreviation for the Swiss franc, which is the official currency of Switzerland.

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1 CHF equals to ?88.08

Also Read: UPI & Netbanking Tough Competitors For Digital Rupee: Say Bankers

8. Malaysian Ringgit

The Malaysian ringgit is the currency of Malaysia.

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RM1 equals to ?18.77

9. Japanese Yen

The yen is the official currency of Japan.

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?1 equals to ?0.61

10. Singapore Dollar

The Singapore dollar is the official currency of the Republic of Singapore.

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S$1 equals to ?61.33

Also Read: What Experts Have To Say About Rupee's Forecast

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