When is it the best time to convert?
The best time to convert your AUD to INR is when AUD is at its strongest i.e. you get the most INR for your funds. This way, your beneficiary in India can receive a higher INR amount. Similarly, if you wish to repatriate money back to your Australian bank account, then a time when the INR is at its strongest will be more favourable. You can track the rates at least one month prior to conversion to ensure that you get the best rates.
To get the best currency conversion rates, open your NRE or NRO account with DBS Treasures today! Get preferential currency exchange rates and a host of benefits while transferring funds between Australia and India.