AUD to INR – Convert Australian Dollar to Indian Rupees Online

If you intend on travelling overseas anytime soon, you’ve probably heard the term “exchange rate.” What exactly is it? What information do you need to know about it before planning your trip? And how will it help you save money on your holiday?

A foreign exchange rate represents the relative worth of two currencies. To put it simply, “exchange rates are the amount of one currency that may be exchanged for another.”

An exchange rate calculation is easy, but it might alter daily. The overwhelming majority of currency conversion rates you will encounter are flexible exchange rates. The exchange rate might grow or fall due to economic variables. Just like 1 AUD to INR can be 53.314 on 6th January while 53.849 on January 13. 

In this write-up, you will know all about AUD to INR conversion and its history. Though the conversion rate may vary daily, we added the different AUD values to INR in the forecast below.

Overview of AUD(Australian Dollar)

The Australian dollar, abbreviated as AUD, is the country’s official currency. It is also the official currency of several locations, including Norfolk Island, Christmas Island, and the Keeling Islands. It is also the official currency of three Pacific Island countries: Nauru, Kiribati, and Tuvalu.

The Reserve Bank of Australia (RBA), Australia’s central bank, manages the AUD, sets monetary policy, issues and regulates the money. On February 14, 1966, the Australian dollar replaced the Australian pound at a conversion rate of 2 AUD per AUD.

History of AUD(Australian Dollar)

The first Australian banknotes were issued almost a century ago; however, the country had currency much before that.

The discovery of gold in the country in 1851 prompted the issue of gold coins, which contributed to the expansion of the financial system. Commercial banks issued their gold-backed banknotes, but residents did not completely trust them, notably when several banks filed for bankruptcy in 1893.

The National Treasury was tasked to print banknotes via the Australian Notes Act, passed in 1910, and the Australian pound was adopted as the national currency. The Treasury reissued several existing private banknotes as a temporary measure during the first three years following its introduction until the designs were ready for usage.

Australia produced its first series of decimal banknotes printed on paper in 1966, with denominations of one, two, ten, and twenty Australian dollars, followed by the five-dollar denomination in 1967. Later, in 1973 and 1984, the 50- and 100-dollar bills were reissued.

Following the Reserve Bank’s collaborative research of new printing technologies for banknotes in Australia, the government launched the 10-dollar polymer banknote in January 1988 to commemorate Australia’s bicentennial.

Between 1992 and 1996, a new series of banknotes, all printed in polymer, were designed to replace the original decimal banknotes.

The Reserve Bank began producing polymer banknotes to combat counterfeiting, which had been on the rise due to new technology in reprography systems.

Presently, it has banknotes in denominations of 5, 10, 20, 50, and 100 Australian dollars. Coins in circulation include one and two dollars, as well as five, ten, twenty, and fifty cents.

Overview of INR(Indian Rupee)

The official currency of India is the Rupee (international signs, Re, Rs (plural), code: INR, number: 356). Bhutan, Nepal, and a few more Asian countries utilise the currency unofficially. Paisa is the Indian Rupee’s measuring unit.

The Indian Rupee is now worth 100 paise. The Danish Indian Rupee was gradually replaced by the new currency introduced in 1845. However, the same-named currency has already been used. The unit was first mentioned in the sixth century BC. As a result, the Indian Rupee is one of the world’s oldest currencies. A “rupee” is a kind of “silver coin.”

The Reserve Bank of India (RBI) generates and maintains money, while the Indian government determines the legal currency denominations. The Indian government has total control over the minting of currency.

History of INR(Indian Rupee)

Around the sixth century BC, India became one of the first currency issuers, with the oldest known coins referred to as ‘punch-marked’ coins due to the production technique. As numerous kings rose and fell over the next few centuries, the designs of India’s money changed regularly. Tanka, new money, had arisen by the 12th century. During the Mughal era, a unified monetary system was established, and the silver Rupaya or Rupee was introduced. The states of pre-colonial India minted coins with designs similar to the silver Rupee, with variations depending on their place of origin.

In 1825, British India established a silver standard based on the Rupee, utilised until the late twentieth century. Even though it was a British colony, India never embraced the Pound Sterling. When financial institutions collapsed in 1866, ownership of paper money was passed to the British government, and the presidency banks were dissolved a year later. The Victoria Portrait series of banknotes was released in the same year in honour of Queen Victoria, and it lasted for nearly 50 years.

After India attained independence in 1947 and became a republic in 1950, the current Rupee (INR) was returned to the design of the hallmark coin. Other indigenous currencies were taken out of circulation when the Indian Rupee became the country’s top currency. India adopted a decimalisation plan in 1957.

AUD to INR Forecast – 2022

The AUD to INR forecast will tell the value of 1 AUD to INR, which could be possible in the next few days, mentioned in the table below.

Steps to Convert AUD to INR

The foremost important thing to know to convert AUD to INR is the value of 1 AUD to INR on a particular date, for example. 1 AUD to INR value is 53.849 as per 13th Jan ’22

Here is how to convert AUD to INR in detail:

1 AUD to INR   = 53.849 INR

50 AUD to INR = (50×53.849) INR 

50 AUD = 2696.64 INR 

Formula to Convert AUD to INR

As converted above, the Australian Dollar in Indian Rupee conversion formula is quite simple.

1 AUD to INR today =53.849 INR

5 AUD to INR = 269.68 INR

Hence, the formula will be:

Value of AUD to INR = {Number of AUD * the value of AUD into INR (53.849 for 13th JAN)} 

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Differences Between AUD vs INR

There are a few differences between the Australian Dollar and Indian Rupee, mentioned in the table below.

AUD to INR Conversion Table (September 2021—12th Jan 2022)

FAQ’s about Convert AUD to INR