Euro to INR Moneygram Transfer Options and Costs Explained

Sending money from Europe to India can be a complex process, but with Moneygram, you can transfer euros to Indian rupees with relative ease.

There are two primary options for transferring euros to INR via Moneygram: online and in-person.

Online transfers are convenient and can be completed in a matter of minutes, but they may incur higher fees compared to in-person transfers.

Moneygram offers a competitive exchange rate for online transfers, which can be beneficial for larger transactions.

For in-person transfers, you'll need to visit a Moneygram location or a partner agent, such as a post office or a retail store.

In-person transfers may have lower fees, but the exchange rate might not be as favorable as online transfers.

The fees for Moneygram transfers vary depending on the transfer method, amount, and exchange rate.

The Moneygram EUR to INR exchange rate is 90.11, which is -1% compared to the latest EUR-INR mid-market rate 91.02.

For another approach, see: 10 Eur to Inr

To get the best conversion rate, you should compare Euro (EUR) to Indian rupee (INR) rates from different sources before making a conversion. This is because exchange rates can vary significantly between banks and also between currency exchange providers.

You can easily compare Moneygram EUR-INR rates with other foreign exchange providers using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

Here are some popular conversion amounts for EUR to INR (Euro to Indian rupee)*:

*Converted at the current EUR-INR interbank exchange rate.

Exchange rates can fluctuate frequently due to market conditions, so it's essential to compare rates from different sources before making a conversion.

Shopping around for the best EUR/INR exchange rate can save you a significant amount of money. Exchange rates can vary significantly between different currency exchange providers, so it's crucial to compare rates from different sources before making a conversion.

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The cost of international money transfers with Moneygram will depend on where you are sending money from and to. Check our comparison table to find a price for your money transfer.

Your chosen payment method can also come with extra costs, with bank transfer usually being the cheapest option compared to payment with credit or debit card.

Here's a comparison of the costs using the bank transfer method:

Keep in mind that unlike Wise, many banks advertise low fees while adding hidden costs to the exchange rate, often without telling you.

The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money.

The euro to INR exchange rate has been experiencing a mixed outlook due to macroeconomic factors and geopolitical uncertainties. Recent forecasts indicate a potential decline in the euro's value, with some major banks forecasting it could slip towards parity with the US dollar.

The euro closed last week at 90.88 INR, approximately 1.8% above its three-month average of 89.3 INR. However, it remains vulnerable to shifts in market sentiment as the Eurozone prepares to release its latest trade figures.

Here's a snapshot of the euro to INR market data over the past few years:

As you can see, the euro to INR exchange rate has fluctuated significantly over the past 20 years, with a notable increase in the past few years.

The EUR to INR market data has shown a significant trend over the years. The exchange rate has fluctuated, with a high of 89.80 on 03 Feb 2025.

Looking at the historic rates, we can see that the exchange rate has increased by 28.6% over the past 10 years, reaching 70.75 on 20 Feb 2015.

In recent times, the exchange rate has been relatively stable, with a low of 88.10 on 02 Jan 2025. However, it's worth noting that exchange rates can vary significantly between banks and currency exchange providers.

Here's a breakdown of the historic rates over different periods:

The exchange rate has shown a general upward trend, with a notable increase of 17.5% over the past 5 years.

Discover more: Euro 5 Note

Forecasts for INR can be tricky to predict, but recent trends suggest that the Indian rupee is vulnerable to shifts in market sentiment. The euro, on the other hand, is facing challenges due to the Russia-Ukraine conflict.

Some major banks are forecasting a potential decline in the euro's value, with projections suggesting it could slip towards parity with the US dollar. This could have a positive impact on the INR, making it a good time to buy euros.

The euro closed last week at 90.88 INR, approximately 1.8% above its three-month average of 89.3 INR. This indicates that the euro is still strong, but its value could fluctuate in the coming weeks.

To track and benefit from currency movements, you can add EUR/INR to your personalised Rate Tracker. This will keep you informed of recent trends and movements of currency pairs.

Here's a quick look at the recent market data for EUR to INR:

Keep in mind that it's almost impossible to predict what an exchange rate will do in the future. The best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

Sending money internationally can be a complex process, but there are ways to make it easier and more cost-effective. To send money with MoneyGram, you'll need to visit a location near you, such as in Stuttgart, where you can follow the steps outlined in the instructions.

To send money from a MoneyGram location in Stuttgart, you'll need to visit a MoneyGram address, ask the teller to help you make a transfer, and pay for your transfer, which is usually done by card or cash. This process is straightforward, but it's essential to be aware of the costs involved.

The cost of international money transfers with MoneyGram will depend on where you are sending money from and to, and your chosen payment method can also come with extra costs. Bank transfer is usually the cheapest option, especially compared to payment with credit or debit card.

Additional reading: Moneygram Payment Services

To send money from a location, you'll need to visit a MoneyGram address near you. There are MoneyGram locations in Stuttgart, so you can easily find one to suit your needs.

To make a transfer, you'll need to ask the teller to help you make a transfer from Germany to the country and recipient of your choice. MoneyGram supports money transfers to over 150 countries worldwide, so you'll have plenty of options.

You can pay for your transfer using a card or cash, whichever is most convenient for you.

International shipping costs can vary greatly depending on the service provider.

The cost of international money transfers with Moneygram will depend on where you are sending money from and to, so it's essential to check the comparison table to find a price for your money transfer.

Bank transfer is usually the cheapest option, especially compared to payment with credit or debit card.

Unlike Wise, many banks advertise low fees, while adding hidden costs to the exchange rate, often without telling you.

You can compare Moneygram to Wise to see how much you can save.

The costs using the bank transfer method are compared in the article, but keep in mind that this might not show the whole picture.

Worth a look: Transferwise Alternatives

To pick up money from a MoneyGram location in Stuttgart, you'll need to provide some essential documents. Your transfer's tracking/reference number is a must-have.

You'll also need to provide your transfer details, such as the amount, sender's name, and country. This information will help the agent verify the transfer.

A valid ID, like a passport, residence permit, or ID card, is also required. In some cases, MoneyGram might ask for proof of residence in Germany, so it's a good idea to have a bank statement or utility bill with your address clearly stated.

To make the process smoother, it's a good idea to have all these documents ready before heading to the MoneyGram location.