The latest on Australian dollar to Indian rupee rates
To learn more about the history of the Indian rupee and its relationship with the Aussie dollar, keep reading below.
And if you're heading to India soon, be sure to check out our travel guide!
Convert 1 AUD to INR
Exchange rates last updated Friday, 01 December 2023 11:32:25 AM AEDT. The online exchange rates provided by this Currency Converter are intended as a guide only and should not be used for transactional purposes. All rates are subject to change from time to time without notice. Exchange rates used in-store may differ from those offered online. The Travelex online buy rate will be used for conversions from a foreign currency to the local currency. The Travelex online sell rate will be used for conversions from the local currency to a foreign currency.
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: Last month
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 3 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 6 months
Travelex Historical Rates for conversion of [FromCurrencyIso] to [ToCurrencyIso]: 12 months
How to see Travelex historical rates
If you would like to see Travelex historical rates, please select one of the currencies
The lowdown on the Indian rupee
Ancient Indians were some of the earliest adopters of coins, and the first to be minted were in the 6th century BC by the Mahajanapadas (republic kingdoms) of ancient India.
Hundreds of years later, in 1526 AD, a new era in India began with the start of the Mughal Empire, and the introduction of a more unified and sophisticated monetary system. Sher Shah Suri set up a new civic and military administration, and issued a silver coin named the rupiya, which translates into English as ‘wrought silver, a coin of silver.’
Coin production continued in the 20th century as the British Empire began to colonise the country. In August 1950, three years after the country gained independence, the portrait of the British King George VI was replaced with an engraving of Ashoka’s Lion Capital of Sarnath and the Republic of India’s first coinage was coined.
1957 ushered in the introduction of a decimal series, and the rupee was divided into 100 paisa instead of 16 annas. The coins came in 1, 2,5 and 10 denominations and were all shaped differently in order to assist the blind.
In 1996, the Reserve Bank of India introduced the Gandhi Series of banknotes, and the iconic leader and civil rights pioneer has adorned every new note issued since. The reverse of the various notes pay tribute to Indian wildlife, history, and agriculture, featuring everything from elephants and tigers to a tractor and an oil rig.
Historic Australian dollar to Indian rupee rates
The Australian dollar to Indian rupee rate remained stable between 2015 and 2017, fluttering between a high of 52.01 and a low of 45.89. But, jumping back to the decade prior tells a different story: on October 28th 2008 the rate dipped to 30.20, which is its lowest in the past 10 years and less than half of the decade’s highest rate, which was 61.73 – seen in September 2013.
*The information contained in this article has been compiled by Travelex from different external sources. The figures provided are indicative only and are there to provide an idea of the amount of travel money you may need during your trip. Travelex does not ensure the accuracy and completeness of the information shown. Nothing in this article is to be considered financial advice. Travelex Limited does not accept any liability for any loss or damage derived from any reliance on the information in this article. Travelex Limited (ABN 36 004 179 953, AFSL Number 222444) arranges for and sells Online Foreign Currency via its Online Ordering Facility. You should consider the Terms and Conditions before deciding whether to acquire any product.