AUD to INR Currency Converter with Live Rate

You can both buy and sell Australian Dollars online from a trusted currency exchange marketplace such as BookMyForex. Though you can also sell AUD to traditional places such as a nearby bank or to a local money changer. However, that would involve making in-person visits, paying higher mark-up fee and going through a complex documentation process. An online currency exchange marketplace would fare better both in terms of cost as well as convenience such as BookMyForex.

You just need to visit bookmyforex.com and select your city, currency (AID in this case) and the amount that you want to sell online. You need to upload your Passport copy which you can do online. Once your AUD to INR conversion order placed, a representative of BookMyForex would visit your place and give you equivalent INR and take AUD from you.

You can check other currencies as well for convert with INR

It is true that the currency of Australia is counted as one of the riskiest currencies in the G-10 group and among the currencies of the emerging market. This is because of high volatility in the Australian Dollar. The volatility in the AUD comes from the skewed nature of its exports heavily in favour of Iron ore. Now since the US and China are two big importers of the iron ore if anything happens to these countries, it affects AUD. For example, the ongoing trade war between US and China, global economic slowdown, chinese economy slowdown, outbreak of coronavirus in China, all are bad news for Iron ore exports from Australia and therefore would exert depreciating pressure on Australian Dollar against world’s major currencies.

In AUD to INR conversion, you are selling Australian Dollars and buying Indian Rupee, so the best time for the conversion would be when Australian Dollar is strong, so that you get a relatively higher amount of Indian Rupee on the conversion. Similarly, the best time to convert INR to AUD would be when the Indian rupee is relatively stronger than Australian Dollar, so that you need to pay a lesser amount of INR to get the required AUD.

However, picking up such a time would be dependent on AUD to INR Forecast which in turn depends on multiple factors such as inflation rate, interest rate, export-import numbers, fiscal deficit, political stability, global business environment. You can read the following blog to have an idea about the AUD to INR Forecast in 2021.

You can convert INR to AUD from multiple places in India such as from a nearby bank, some local money changer, at the airport or from an online currency exchange marketplace. However, if you are also looking for best INR to AUD rates and great convenience, you can opt for a trusted currency exchange marketplace such as BookMyForex.

Being a digitally enabled platform, BookMyForex checks and compares Australian Dollar rates quoted by 100s of money changers available near to your location and provides you with the best AUD rate. You can place your order online with the comfort of your own home and get your forex delivered directly to your doorstep. Further, there are no hidden or extra charges involved in your order.