Euro to Indian rupee average annual exchange rate 2001-2019

This statistic displays the annual exchange rate (average or standardized measure) of the euro to the Indian rupee (EUR INR) according to data from the European Central Bank from the early days of the euro in 2001 up until 2019. The average, or standardized, measure is based on many observations throughout the period in question. This is different than an annual measure that denotes concrete values as of the end of the year.

Establishment

The euro, which was established in 1992, introduced in non-physical form in 1999 and finally rolled out in 2002, is used by 19 of the 27 member states of the European Union. This group of 19 countries is otherwise known as the eurozone or euro area. By 2018, the total value of euro currency in circulation was almost 1.2 trillion euros, or over 3.4 thousand euros per capita.

Euro to Indian rupee

Between the years of 2001 and 2014, the average annual exchange rate of the euro to the Indian rupee noted an overall increase. In 2014, the euro to Indian rupee annual average exchange rate was equal to 81.04, which meant that one euro could buy 81.04 Indian rupees. By 2019, this value had fluctuated, to a value of 78.84, which meant that one euro could buy 78.84 Indian rupees. A similar pattern of fluctuation can be seen with the euro against the U.S. dollar.

Euro (EUR) to Indian rupee (INR) average annual exchange rate from 2001 to 2019

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Source

Release date

2019

Region

Europe

Survey time period

2001 to 2019

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