Trading EUR/INR

EUR/INR is the conversion of the euro into the Indian rupee. Historical exchange rate data reveals high volatility, which online traders can capitalize on to turn a profit. Utilizing forecast graphs and watching the news may also improve strategy predictions. Our tutorial will get you up to speed on the history of the EUR vs. INR and how the live rate looks today, plus tips for technical chart analysis. We also list the best EUR/INR brokers.

EUR/INR Trading Brokers

  1. Take positions on major, minor and exotic currency pairs with competitive trading conditions.

    OANDA Corporation is regulated by the CFTC/NFA. OANDA is a member Firm of the NFA (Member ID: 0325821). CFDs are not available to residents in the United States.

    GBPUSD Spread
    3.4
    EURUSD Spread
    1.6
    EURGBP Spread
    1.7
    Total Assets
    70
    Leverage
    1:30 EU, 1:200 Global
    Platforms
    MT4
  2. Forex.com are a leading FX broker. Offering a large range of currency pairs and some of the tightest spreads in the industry.

    GBPUSD Spread
    1.0 Var
    EURUSD Spread
    0.8 Var
    EURGBP Spread
    0.8 Var
    Total Assets
    80+
    Leverage
    1:200
    Platforms
    MT4
  3. Trade currencies, including pairs with the USD

    GBPUSD Spread
    1.6 pips
    EURUSD Spread
    1.3 pips
    EURGBP Spread
    1.6 pips
    Total Assets
    50+
    Leverage
    -
    Platforms
    Own
  4. Speculate on the price movement of 11 currency pairs with binary options contracts.

    GBPUSD Spread
    0.25 pips Var
    EURUSD Spread
    0.25 pips Var
    EURGBP Spread
    0.25 pips Var
    Total Assets
    11
    Leverage
    -
    Platforms
    Own
  5. Trade a range of major, minor and exotic currencies

    Forex trading involves risk. Losses can exceed deposits

    GBPUSD Spread
    from 0.589 pips
    EURUSD Spread
    from 0.165 pips
    EURGBP Spread
    from 0.540 pips
    Total Assets
    90+
    Leverage
    1:30
    Platforms
    MT4
  6. Use digital options to take straightforward buy and sell positions on a range of currencies.

    GBPUSD Spread
    N/A
    EURUSD Spread
    N/A
    EURGBP Spread
    N/A
    Total Assets
    20+
    Leverage
    -
    Platforms
    Own
  7. Trade on dozens of currency pairs with tight spreads

    GBPUSD Spread
    0.7
    EURUSD Spread
    From 0.0
    EURGBP Spread
    0.5
    Total Assets
    70+
    Leverage
    1:30 EU, 1:500 Global
    Platforms
    MT4, MT5
  8. Take positions on a long list of forex pairs with tight spreads and low commissions.

    GBPUSD Spread
    From 0.6
    EURUSD Spread
    From 0.6
    EURGBP Spread
    From 0.6
    Total Assets
    53
    Leverage
    1:1000
    Platforms
    MT4, MT5
  9. IB Boast a huge market share of global trading. With a minimum deposit of $10,000 however, they remain an option for larger traders only.

    GBPUSD Spread
    Commission (.20 pts x trade value)
    EURUSD Spread
    Commission (.20 pts x trade value)
    EURGBP Spread
    Commission (.20 pts x trade value)
    Total Assets
    70+
    Leverage
    1:50
    Platforms
    AlgoTrader, OmniTrader
  10. Go long or short on a range of major and minor currency pairs with tight spreads.

    GBPUSD Spread
    Av. Floating 0.6
    EURUSD Spread
    Av. Floating 0.2
    EURGBP Spread
    Av. Floating 0.5
    Total Assets
    1000+
    Leverage
    1:1000
    Platforms
    MT4, MT5
  11. Trade 75+ major and minor currency pairs with floating spreads.

    GBPUSD Spread
    Variable
    EURUSD Spread
    Variable
    EURGBP Spread
    Variable
    Total Assets
    75+
    Leverage
    -
    Platforms
    Own
  12. Webull offers FX trading with tight floating spreads

    GBPUSD Spread
    Variable
    EURUSD Spread
    Variable
    EURGBP Spread
    Variable
    Total Assets
    17
    Leverage
    -
    Platforms
    Own

Live Chart

Pros Of Trading EUR/INR

  • Volatility – EUR/INR historical data indicates the buy-sell rate on this pair is particularly volatile. With close observations of live price charts, expert investors can detect trends and make projections.
  • Data availability – Modern traders have access to all Euro into INR price history. Traders can find a chart for the last 5 or 10 years or look at data from last week or yesterday to gauge variation. All this online information helps EUR/INR investors make accurate forecasts for the short and long term.
  • Automated live trading – Forex software that allows investors to execute orders automatically is now more affordable. These programs monitor the current EUR/INR rate in real-time. Importantly, they can relieve traders of complicated technical analysis, like working out monthly averages from candlestick charts.

Risks Of Trading EUR/INR

  • Excess volatility – The EUR to INR currency pair is notable for its wide swings in buying and selling prices. The live exchange rate today can be significantly different from yesterday. This volatility makes it difficult for beginners to predict the upcoming rate and impacts other investment vehicles such as futures prices.
  • Liquidity – As an exotic pair, the level at which EUR/INR is traded in the currency market varies. As such, the volume of live trading may be low compared to major pairs, which could result in high bid-ask spreads.
  • Reduced leverage – Brokers with exotic pairs like the EUR/INR commonly offer lower leverage on such assets versus more established currency sets.

Factors Affecting EUR/INR Price

Many factors can cause the EUR to INR daily chart or weekly forecast to change. Some influences may cause a forward premium situation, in which the expected future price is higher than current spot rates. These include:

  • Central bank policy – The EUR/INR exchange rate is affected the European Central Bank (ECB) and Reserve Bank of India (RBI) reference rates. We have seen this during the Covid-19 pandemic when countries took measures to diminish the impact of the virus on economies.
  • GBP growth rate – Gross domestic product (GDP) measures the economic health of a country. GDP performance and outlook will affect the rate seen on a EUR/INR investing chart, as the size and performance of economies seriously impact currency values.
  • Political stability – Political actions often affect the EUR to INR value. Traders hoping to profit from this pair should view the latest news and remain alert to the political landscape. The impact of the war in Ukraine, for example, can be seen on forex charts. The EUR has been losing ground to the INR because of the European Union’s proximity to Ukraine.

Linked Currency Pairs

Traders can use previous data like a EUR/INR rate history chart or long-term forecasts to inform their strategy. Another option for generating a EUR to INR prediction for 2022 and beyond is to consider the effect of correlated currency pairs. These currencies demonstrate price changes in line with each other – positively correlated pairs display movement in the same direction. In contrast, negatively correlated currencies move in the opposite direction:

  • USD/INR – This pair tends to move in the same direction as the EUR/NR, based on yearly chart analysis
  • GBP/INR – EUR/INR is also positively correlated to this currency pair

EUR/INR Trading Strategy

Trading Hours

Knowing when to trade EUR/INR is important for maximizing profit margins. The National Stock Exchange of India (NSE) is open for trading 9 am – 5 pm India Standard Time, which corresponds to 3:30 am – 11:30 am GMT. This time frame is when the pair will be most liquid, and bid-ask spreads will be lower.

Brokers

Traders should check their broker offers the pair before opening an account. EUR to INR is being offered more frequently by large brokers along with a range of powerful analysis tools, charts, lot sizes, indicators, and automated trading features. Some providers also offer services for converting EUR to INR.

Check out our list of the best forex brokers which includes names like Oanda.

Data & Forecasting

Many investors focus on analyzing present currency data. Monitoring a EUR vs. INR live chart is vital when opening and closing trades. However, traders can also rely on past information, for example, year-long graphs or trends over the last five years. Utilizing as much financial data as possible is key to making strong value predictions.

Trade

There have been many decades of successful trade between Europe and India. The EU is India’s biggest partner and receives the second-largest amount of Indian exports after the US. Goods exchanged has increased between the two regions by over 30% in the last ten years.

Importantly, keeping an eye on the volume of exports will help you predict whether the euro will strengthen against the rupee or vice versa.

EUR/INR History

Indian rupees were first issued in the 18th century, while decimalizing the currency took place in 1957. Most of the EU adopted the euro after it began physical circulation in 2002.

The average EURINR exchange rate has steadily increased over the last twenty years, roughly doubling since 2000. The price reached an all-time high of 92.32 in August 2013 and an all-time low of 38.45 in October 2000.

Role Of The Euro

The euro is an impactful currency in part due to the economic power of the European Union, where it is used in 19 of the 27 member states. It is the second-largest economy after the US and has almost 746.4 million inhabitants. The euro is second only to the US dollar in amounts held as a reserve currency and trading volume worldwide. It is also among the currencies with the highest amount of physical money in circulation, amounting to over €1.6 trillion in April 2022.

Follow events in the European Union to gauge the market’s direction. Announcements that negatively affect the trading bloc typically see the euro weaken against the rupee. Importantly, EUR/INR’s conversion rate today is impacted by high inflation rates, oil prices, and the war in Ukraine.

Role Of The Rupee

The Indian rupee is legal tender for the 1.38 billion people in India. The country has the fifth-largest GDP output in the world. It also has one of the largest labor forces in any country. The rupee has experienced a decline against major currencies like the US dollar and the euro over recent decades due to market forces.

Keeping an eye on the economy’s strength and labor forces will help you predict whether the currency will strengthen against the euro.

Final Word On Trading EUR/INR

Trading on EUR/INR offers an interesting opportunity for forex investors to branch out on an exotic pair. The live exchange rate for these currencies is highly volatile, and traders should make use of expert forecasts and historical data charts. Strong technical analysis skills and awareness of current news events will further your strategies. See our list of EUR/INR brokers to start trading today.

FAQ

Why Is The EUR Falling Against The INR?

The European economy has been impacted by the COVID-19 pandemic. Monetary policies during this period have put pressure on the region to recoup costs by raising inflation. Another big factor to consider is the Russian-Ukrainian war, which has impacted the stability of the EUR in the eyes of the investors.

Is The EUR Rate Going Up Or Down Vs. INR?

Historical data indicates that the EUR has been increasing against the INR over the last twenty years. However since 2021, the EUR/INR has seen a decline. Markets can change rapidly; traders can check live price charts to get the most recent conversion rates.

Will The Rupee Get Stronger In 2022?

The EUR/INR forecast is influenced by many factors, including the present inflation and the war in Ukraine. The strength of the INR against the EUR in the coming years depends partly on how these regions cope with political and economic events.

Why Is The INR Rising Against EUR?

The INR has been relatively strong in recent times because it has been seen as a safer investment by traders when compared to the EUR. Despite this, the trend may not continue, and investors should look at recent news and predictions to create their own forecasts.

How Much Is One Euro In INR?

As the price changes on a daily basis, we recommend traders check the latest charts and conversion rate calculators. See a live EUR/INR chart here.

How Do I Start Trading EUR/INR?

Investors need to look for a broker that offers exotic forex pairs. Traders should compare spreads and consider costs like commission rates and available trading tools. In addition, check if the platform offers forex signals and other market sentiment tools.