AUD to INR
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Last updated:
Jun 02, 2023, 12:00 AM
Currency Exchange Rates
INR
1| Currency | Amount |
|---|---|
AUD
Australia
|
0.02 |
JPY
Japan
|
1.69 |
GBP
United Kingdom
|
0.01 |
USD
United States
|
0.01 |
Popular Conversions
- 1.
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USD
United States
- To
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INR
India Rupee
- 2.
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EUR
Europe
- To
-
INR
India Rupee
- 3.
-
CAD
Canada
- To
-
INR
India Rupee
- 4.
-
GBP
United Kingdom
- To
-
INR
India Rupee
- 5.
-
AUD
Australia
- To
-
INR
India Rupee
- 6.
-
SGD
Singapore
- To
-
INR
India Rupee
- 7.
-
NZD
Newzealand
- To
-
INR
India Rupee
Exchange rates are determined by understanding the value of a currency in the foreign market.
The conversion rate of a currency is the value of a single unit of currency with respect to a single unit of some other currency. For example, conversion rate means the number of Indian rupees it would take to make the amount equal in value to purchase one Australian dollar, in this instance.
For example, if the current exchange rate from AUD to INR is ₹53.97, it means that to purchase one Australian dollar, you would need to spend ₹53.97 today. This figure may change tomorrow, or tonight, or every minute, depending on how the world economy drivers impact a particular currency.
Australia runs with a floating exchange rate system. In this system, the exchange rate of AUD to INR depends on factors like the demand and supply of Australian dollars in the foreign market. Indian rupee is also governed by the floating exchange rate system. Apart from the supply and demand of a currency in the market, many factors influence the exchange rates of AUD to INR:
• Interest rate / repo rate. The rate at which the regulating bank lends money to other banks in a country is called the repo rate. A higher repo rate increases currency demand
• Inflation represents high supply and low demand of currency in the market, which works to decrease its value
• Account deficit
• Import / Export of gold
• Public debt
• Stability and economic growth
Currency forecasting is an activity that helps brokers and businesses understand the true monetary value of their trade assets and make informed financial decisions. In the situation where the conversion of Australian dollar (AU$) into INR (₹) is concerned, currency exchange rate forecasting helps in the predictive modelling of business and trade strategies for optimal resource utilization, and to maximize profits.
If your business needs to forecast Australian dollar into INR for a future period, it can be done using two models:
• Fundamental Approach. Every country is governed by a set of fundamental economic metrics, such as GDP, productivity, balance of trade, inflation rate, etc. Through the fundamental approach, you can use these elemental metrics of a country’s economic setup to arrive at the true worth of a currency. This method is better suitable for planning long-term investments, since factors like GDP and inflation aren’t an overnight thing
• Technical Approach. In the technical approach, you apply the statistical rules of mathematics, understanding of investor sentiment and charting historical patterns to arrive at a forecasted value of Australian dollar to INR for the future
The approach you want to apply depends on the term of your investment and business growth strategies.
Are you looking for tools or help to convert AU dollar to INR? For starters, it is important to know the latest prevailing exchange rates between the two currencies to arrive at an accurate conversion.
The conversion rates that you calculate offline may be slightly different than what you see online – the differences may occur because of the values you use for calculation. It is best to use the 5Paisa AU dollar to INR converter tool to get the most accurate results for currency conversion online.
Using the latest, accurately exchanged rates of currency in all your trade and business decisions is necessary to account for every penny that your business transacts.
As of the 23rd of June, 2022, the exchange rate of AU Dollar to INR is 53.97:
The table below provides a nifty guide to quickly convert popular amounts from AU Dollar to INR (The converted amounts hold true as of the 23rd of June, 2022):
|
Australian Dollar (AU$) |
Indian Rupee (₹) |
|
1 |
53.97 |
|
5 |
269.85 |
|
10 |
539.70 |
|
25 |
1,349.25 |
|
50 |
2,698.5 |
|
100 |
5,396.99 |
|
1,000 |
53,969.94 |
|
10,000 |
5,39,699.40 |
|
100,000 |
53,96,994.00 |
You can use this table for a quick conversion today, or you can use the 5Paisa currency converter and forecasting tool to get the most accurate results.
Trading is a time-sensitive deal, and using the best tools to convert 1 AUD to INR can make all the difference in your percentage profits or losses. Fortunately, 5paise provides a plethora of advantages of AUD to INR trading.
• 5paisa, with its mobile platform, gives you the flexibility to trade in multiple currencies from anywhere
• Since the FOREX market is dependent on timing, you need to be quick about your decisions. 5paisa equips you with study charts that update you about the market progress in real-time
• If you are unsure about FOREX, or wish to learn more about it first before trading, you have the option to join the 5paisa School to get in-depth knowledge of this trade market
• 5paisa is a highly affordable platform for FOREX, with only a flat fee of ₹20 per order
• There are no hidden prices with 5paisa
The Australian dollar is a fairly strong currency – you need to be equipped with the right tools to inform your FOREX trading decisions. Whether it is converting 1 AUD to INR, or forecasting the future of a trade, 5paisa is the perfect platform for you.
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