Currency Converter
Live exchange rates for INR, USD, EUR, AED, GBP and other major trade currencies
Convert Currency
Quick Reference
| Amount | Converted |
|---|
What is a Currency Converter for Exporters?
The Eximigo Currency Converter is a free tool that converts INR, USD, EUR, AED, GBP, SGD, and 10+ other major trade currencies using live exchange rates. It is specifically designed for Indian exporters who need to quickly convert invoice values, calculate USD/INR realisation, compare pricing across currencies, and understand exchange rate scenarios before finalising an export order.
Exchange rates are fetched from international financial data sources and cached every 6 hours, so you always get near-current rates. The Quick Reference Table also shows conversions across multiple amounts โ from โน1 to โน10 lakh โ for rapid reference without manual calculation.
Which Currencies Matter Most for Indian Exporters?
| Currency | Key Markets | Common For |
|---|---|---|
| USD ($) | USA, global trade | Commodities, pharma, engineering goods, IT |
| AED (ุฏ.ุฅ) | UAE, Gulf region | Consumer goods, textiles, food, jewellery |
| EUR (โฌ) | EU (Germany, France, Netherlands) | Specialty chemicals, leather goods, garments |
| GBP (ยฃ) | United Kingdom | Textiles, handicrafts, spices, IT services |
| SGD (S$) | Singapore, Southeast Asia hub | Re-export hub for SE Asia, regional distribution |
| SAR (๏ทผ) | Saudi Arabia | Food, consumer goods, construction materials |
How Currency Rates Affect Your Export Profitability
Exchange rate risk is one of the most underestimated risks in export business. Here's a real scenario:
Order signed at: USD 50,000 when USD/INR = 83 โ Expected INR realisation = โน41.5 lakh
Payment received 60 days later: USD/INR = 81 โ Actual INR realisation = โน40.5 lakh
Loss due to currency movement: โน1 lakh on a single order.
On a thin-margin order of 15%, a 2% currency swing can wipe out over 13% of your profit. This is why large exporters use tools like Forward Contracts (locking today's rate for future payment) and EEFC (Exchange Earners' Foreign Currency) accounts to manage this risk.
How to Manage Exchange Rate Risk as an Indian Exporter
- EEFC Account โ Open an Exchange Earners' Foreign Currency account with your bank. You can hold up to 100% of your export earnings in foreign currency and convert when rates are favourable.
- Forward Contract โ Ask your bank to lock in today's exchange rate for payment you expect to receive in 30, 60, or 90 days. This eliminates exchange rate uncertainty completely.
- Invoice in strong currencies โ USD, EUR, and GBP are more stable than emerging market currencies. Avoid quoting in local currencies of volatile markets (e.g. Turkish Lira, Egyptian Pound).
- Build in a buffer โ price your product assuming a 2โ3% unfavourable currency movement. If the rate moves favourably, it's extra profit; if it moves unfavourably, you're protected.
- Use the Profit Margin Calculator โ run the numbers at both current and stressed exchange rates to see how your margin holds up.
How to Use This Currency Converter
- Enter the amount you want to convert โ e.g., your export invoice value.
- Select the From currency โ the currency of your invoice (e.g. USD).
- Select the To currency โ typically INR to see your rupee realisation.
- See instant result โ the converted amount and live exchange rate appear immediately.
- Use the Quick Reference Table โ see conversions for โน1, โน10, โน100... โน10,00,000 all at once for rapid price comparison.
- Swap currencies with the โ button โ to go from INRโUSD for quoting purposes.
Frequently Asked Questions
Are these rates the same as bank rates?
What is the TT rate vs. BC rate vs. TT buying rate?
How often are these rates updated?
Using Currency Rates in Export Pricing
When pricing your export order, always consider the exchange rate risk. A 2% shift in the USD/INR rate on a โน50 lakh order can mean โน1 lakh difference in your realization.
Tips for exporters:
- Invoice in USD, EUR, or AED for most international markets
- Get a forward cover from your bank if you have a large LC order
- Use the Profit Margin Calculator to factor in exchange rate scenarios
- ECGC covers exchange rate risk for certain policies