If you travel frequently, carry out international transactions, or are a business professional, understanding currency conversions is crucial. Knowing the conversion rate of your currency beforehand lets you take advantage of favourable foreign exchange rates. However, calculating these conversions manually can be a lot of work.

To simplify converting a particular amount in Euros to Indian Rupee, i.e., Euro to INR, you conveniently use an online currency converter.

What are currency converters?

Foreign exchange rates can fluctuate over time due to several factors. Some of these variables include inflation, economic growth, interest rates, geopolitical events, import-export, and political stability. This is when a currency converter helps. This online tool uses real-time exchange rates to help you quickly and easily convert one currency to another. You can also use it to convert several currencies.

For example, you can use it to find out the conversion rate of EUR to INR, or Singapore Dollars SGD to INR, and more. The various advantages of this converter include the following:

·         It offers updated and accurate exchange rate information.

·         They are trustworthy since they usually use publicly available data from the foreign exchange markets.

·         You can access this online converter to determine the conversion of 1 EUR to Indian Rupees from anywhere and anytime.

·         The converter displays results instantly. It is also completely free to use. Therefore, you need not pay any fees to use this tool to convert one currency to another.

Steps to use the converter

Here are the steps to follow when using an online currency converter for a Euro into Indian Rupees:

·         Search for a currency converter

The first step is to search online for a reliable converter.

·         Select the currency

Once you open this tool, use the drop-down menu to select the currency you want to convert from. In this case, you need to select EUR. If you want to know the conversion rate of US Dollar or USD to INR today, select USD.

·         Select the conversion currency

Now, select the currency you want to convert to from the drop-down menu. In this case, you should pick INR.

·         Enter the amount

Next, enter the sum you want to convert in the designated field. Once you enter these details, the converter determines the equivalent value in INR. You can then utilise this information to make decisions about money transfers and more. Usually, the best time to convert EUR to INR is when EUR is at its strongest. This way, you get more Indian Rupees for your funds in Euro.

Conclusion

An online currency converter can be a valuable tool when making international transactions. Now that you know how to use it, you can follow the steps to easily convert Euro to Indian Rupees.