1 Euro to INR: A Historical Exchange Rate Analysis from 1947 to 2021
The European Union introduced the Euro (EUR) as a single currency in 1999, replacing the European Currency Unit (ECU). However, to analyze the exchange rate of 1 Euro to Indian Rupee (INR) from 1947 to 2021, we need to consider the exchange rates of the Deutsche Mark (DEM) and the French Franc (FRF) before the introduction of the Euro.
Pre-Euro Era (1947-1998)
During the post-war period, the Indian Rupee was pegged to the British Pound (GBP) at a fixed rate of 1 GBP = 13.33 INR. The Deutsche Mark and the French Franc were the dominant currencies in Europe.
1947-1950
- 1 DEM = 3.33 INR (approximate exchange rate)
1950-1960
- 1 FRF = 2.50 INR (approximate exchange rate)
1960-1970
- 1 DEM = 2.50 INR (approximate exchange rate)
1970-1980
- 1 FRF = 1.80 INR (approximate exchange rate)
1980-1990
- 1 DEM = 1.40 INR (approximate exchange rate)
1990-1998
- 1 FRF = 1.20 INR (approximate exchange rate)
Euro Era (1999-2021)
With the introduction of the Euro, the exchange rate of 1 Euro to INR became more stable.
1999-2000
- 1 EUR = 44.50 INR (approximate exchange rate)
2000-2010
- 1 EUR = 55.50 INR (approximate exchange rate)
2010-2015
- 1 EUR = 65.50 INR (approximate exchange rate)
2015-2020
- 1 EUR = 75.50 INR (approximate exchange rate)
2021
- 1 EUR = 87.50 INR (approximate exchange rate as of March 2021)
Conclusion
The exchange rate of 1 Euro to INR has undergone significant fluctuations over the years, influenced by various economic and geopolitical factors. Today, the exchange rate is around 87.50 INR for 1 EUR, indicating a strengthening of the Indian Rupee against the Euro.
Note: The exchange rates provided are approximate and based on historical data. For the most up-to-date and accurate exchange rates, please refer to a reliable currency conversion source.
