List of Countries where Indian Currency is Stronger

Explore the List of countries where Indian rupee is stronger. This list unveils List of countries where Indian currency is higher , providing insights into favorable exchange rates and potential travel or investment opportunities. Discover the Top 10 countries where Indian rupee is stronger and holds its strength.

Currency means money in the form of physical paper and coins in circulation issued by the government that is used as a medium of exchange. Since currency is a primary medium of exchange in the modern world, its impact can be seen on a micro and macroeconomic level, aka it impacts our day-to-day and long-term lives immensely in terms of our cost of living that affects our lifestyle as well as the day-to-day and annual economy of a nation in terms of GDP, market value of industries, stock exchange rate, etc.

Below is the List of countries where Indian currency is higher than the local currency.

Countries where Indian Currency is Strong

List of Countries Where Indian Rupee is Stronger

List of Countries Where Indian Rupee is Stronger
Countries Where Indian Currency is Stronger	Capital	1 INR Equivalent
Indonesia	Jakarta	186.39 Indonesian rupiah (IDR)
Vietnam	Hanoi	291.21 Vietnamese Dong
Cambodia	Phnom Penh	49.40 Cambodian riel
Sri Lanka	Colombo	3.93 Sri Lankan rupee
Nepal	Kathmandu	1.60 Nepalese rupee
Paraguay	Asuncion	88.64 Paraguayan Guarani
Hungary	Budapest	4.24 Hungarian forint
Mongolia	Ulaanbaatar	41.37 Mongolian tugrik
Uzbekistan	Tashkent	147.7 Uzbekistani Som
CHILE	Santiago	10.54 Chilean pesos
Tanzania	Dodoma	30.06 Tanzanian shilling
Costa Rica	San Jose	6.34 Costa Rican Colón

What this implies is that the Indian rupee has more value compared the the currencies of these said countries; to simply state; if Indians were to travel/study/live in these countries, it would be cheaper/ affordable for them.

List of Countries Where Indian Currency is Higher

Find out about 12 Countries where Indian currency is stronge:

1. Indonesia

Indonesia

Located off the coast of mainland Southeast Asia, it’s an archipelago that lies across the equator. With its capital being Jakarta, the country is one of the most visited tourist sites because of popular attractions like beaches, wildlife, temples, and world-class island sports facilities. Most importantly, in terms of the exchange rate of currency, ₹1 = 186.39 Indonesian rupiah (IDR), this alone is enough to tell us why it’s a popular tourist destination among Indians. The prospect of travel and vacation becomes very affordable.

2. Vietnam

Vietnam

Located in the Indochina Peninsula of Southeast Asia, with its capital being Hanoi, Vietnam is known for its beaches, Buddhist pagodas, vibrant cities, and rich culture. It’s another extremely popular tourist spot for Indians, and not surprisingly, the exchange rate is ₹1 = 291.21 Vietnamese dong.

3. Cambodia

Cambodia

Another Southeast Asian nation that is home to a vibrant culture, historical archaeological ruins like the famous Angkor Wat, and beautiful natural landscapes make it the perfect place to visit for history and nature lovers. The exchange rate is ₹1 = 49.40 Cambodian riel.

4. Sri Lanka

Sri Lanka

Located in South Asia on the Indian Ocean, Sri Lanka is home to pristine beaches, historical monuments, and lush green surroundings. Being one of the neighboring countries of India, the duration of travel is shorter, making it a popular travel destination. The currency exchange rate is ₹1 = 3.93 Sri Lankan rupee.

5. Nepal

Nepal

India’s closest neighbor, located in the eastern part of the subcontinent, Nepal, is most famously known for being home to the mighty Mount Everest! It’s also known for its diverse cultures and vibrant traditions. Nepal is an important destination for pilgrims, mountain climbers, and adventure enthusiasts. The exchange rate is ₹1=1.60 Nepalese rupee.

6. Paraguay

Paraguay

Located in South America, known for its cultural and natural attractions, a lot of soccer fans from India also tend to visit this country as the Indian rupee is valued highly. ₹1 = 88.64 Paraguayan Guarani.

7. Hungary

Hungary

The European nation is known for its architectural beauty, which was inspired by Roman and Turkish cultures. Hungary is a popular European travel destination for Indians as it’s cheaper due to Indian currency being of a higher value; ₹1 = 4.24 Hungarian forint.

8. Mongolia

Mongolia

The country is known as the land of blue skies; it’s the perfect travel destination for people who want to relax in the scenic natural beauty, away from the bustle of city life. It’s also a popular destination for hiking and horseback riding. The exchange rate of currency is ₹1 = 41.37 Mongolian tugrik.

9. Uzbekistan

Uzbekistan

Located in Central Asia, it’s a country with a rich cultural history, beautiful lakes, and bustling markets, and is also extremely affordable in terms of travel. ₹1 = 147.7 Uzbekistani Som.

10. Chile

Chile

Located in South America, Chile is home to fine vineyards, active volcanoes, and scenic, beautiful landscapes. The nightlife is especially worth exploring, and it’s even better to visit in the winter for a good snow resort experience. ₹1 = 10.54 Chilean pesos.

11. Tanzania

Tanzania

Located in Africa and famous for a variety of destinations from Kilimanjaro to Serengeti, it’s most famous for its wilderness experience that people from far and wide, especially India, come to visit. ₹1=30.06 Tanzanian shilling.

12. Costa Rica

Costa Rica

Located in the Central American region, Costa Rica is known for its enthralling beaches and waterfalls, its lush greenery, and its perfect destination to relax and rejuvenate. ₹1 = 6.34 Costa Rican Colón.

List of Countries Where Indian Currency is Higher

• Indonesia (Indonesian Rupiah)
• Vietnam (Vietnamese Dong)
• Cambodia (Cambodian Riel)
• Nepal (Nepalese Rupee)
• Sri Lanka (Sri Lankan Rupee)

List of Countries Where Indian Rupee is Stronger

• Zimbabwe (Zimbabwean Dollar)
• Paraguay (Paraguayan Guarani)
• Laos (Lao Kip)
• Mongolia (Mongolian Tugrik)
• Iran (Iranian Rial)

Top Countries Where Indian Currency is Stronger

• Indonesia
• Vietnam
• Cambodia
• Nepal
• Sri Lanka

Top 10 Countries Where Indian Rupee is Stronger

1. Indonesia
2. Vietnam
3. Cambodia
4. Nepal
5. Sri Lanka
6. Zimbabwe
7. Paraguay
8. Laos
9. Mongolia
10. Iran

Countries Where Indian Currency is Stronger

• Kenya (Kenyan Shilling)
• Tanzania (Tanzanian Shilling)
• Uzbekistan (Uzbekistani Som)
• Myanmar (Burmese Kyat)
• Guinea (Guinean Franc)

How Many Countries Have Weaker Currency Than India

• Over 50 countries have currencies weaker than the Indian Rupee, allowing for greater purchasing power for Indian travelers.

List of Countries Where Indian Rupee Has More Value

• Belarus (Belarusian Ruble)
• Argentina (Argentine Peso)
• Nigeria (Nigerian Naira)
• Philippines (Philippine Peso)
• Pakistan (Pakistani Rupee)

Indian Money Strong in Which Country

• Indian Rupee is particularly strong in countries like Indonesia, Vietnam, and Cambodia, offering significant value for Indian travelers.

Top 10 Country Where Indian Currency is Higher

• Similar to the “Top 10 Countries Where Indian Rupee is Stronger” list, emphasizing the value of the Indian Rupee in these destinations.

5 Countries Where Indian Currency is Higher

1. Indonesia
2. Vietnam
3. Cambodia
4. Nepal
5. Sri Lanka

Factors that Influence the Currency Exchange Rate

Exchange rate, in simple terms, refers to the value of one currency about another currency, aka the rate at which one currency can be converted to another.

• Currency exchange rates are determined by the supply and demand of currencies in the foreign exchange market, and this demand and supply of currency is influenced by various economic, political, and social factors like inflation rates, political stability, geopolitical events, etc.

• The reason why exchange rates are so significant is because they affect trade, tourism, and investment, aka the global economy.

1. Inflation Difference

Inflation refers to the rate at which prices of goods and services increase. A country with a higher rate of inflation experiences a decrease in the value of its currency because high inflation means less purchasing power for the currency, hence a loss in its value. The countries mentioned above all have a higher inflation rate than India.

2. Interest Rates

The higher the interest rates, the more foreign investments, easing an increase in the demand for a currency and hence an increase in its value, meaning the interest rates in India are higher than in these countries, which is why the INR is valued higher.

3. Trade Deficits

A trade deficit is seen when a country imports more than it exports. This causes the demand for the currency to decline, hence lowering its value. Countries with trade deficits have their currencies valued lower.

4. Debt

Countries that have taken a lot of loans and have high levels of debt are seen as risky for investments. As a result, the demand for their currencies reduces, leading to a decline in the value of their currencies.

5. Political Stability

Countries with stable governments and good leadership attract more foreign investors because of their conducive environment for trade and exchange, hence increasing the demand for their currency and therefore its value. In contrast, countries with unstable governments that experience coups and dictatorships are less preferred for investments, hence reducing the value of their currency.

Economic Significance of Strong Indian Currency

An increased value of the Indian rupee has both profits and losses.

1. The primary profit is that a higher value of Indian currency would mean reduced import costs, especially for our import-dependent sectors like crude oil, earning better affordability of petrol and diesel for common people.
2. A strong rupee also attracts foreign investments, which will boost the economy; for example, investments in the IT and textile sectors by foreign investors will lead to more job creation and hence employment for Indians.
3. A high value for the Indian rupee also means better travel and tourism opportunities for working-class people to places that have lower-valued currencies in comparison, like the list of countries mentioned above. Hence, more and more people will be willing to travel outside, boosting the tourism and transport industries.
4. The main downside to a higher-value currency is expensive exports, meaning Indian goods will be more expensive, and countries would prefer exports from a country with a lower currency value so that it’s cheaper for them.

Conclusion – Top 10 Countries Where Indian Rupee is Stronger

The currency of a country being valued higher is an indicator of the economic progress of a nation. It means the country is doing well because, despite a few downsides, a strong currency is always better. There are many countries, as stated in the list above, like Indonesia, Vietnam, Chile, Cambodia, and Hungary, that have lower-valued currencies than India and hence have become popular tourist destinations for us; there are many countries like the USA, UK, Australia, Singapore, and many more whose currencies are more valued than the Indian rupee, and hence their cost of living is higher in comparison to Indians. A lot of factors influence exchange rates, and most countries always aim to have a higher-valued currency. India still has miles to go in terms of economic stability and a peak for the Indian rupee to be on par with the US dollar, and we have been consistently working towards that for years.

Top Countries Where Indian Currency is Stronger – FAQs

Which countries have a weaker currency compared to the Indian rupee?

Countries with weaker currencies than the Indian Rupee (INR) include Indonesia (Indonesian Rupiah), Vietnam (Vietnamese Dong), and Sri Lanka (Sri Lankan Rupee), among others.

In which countries can Indians feel richer due to the strong INR?

Indians can feel richer in countries like Indonesia, Vietnam, Cambodia, and Nepal, where the cost of living and local currency value allows the INR to stretch further.

How does the Indian rupee compare to other currencies globally?

Globally, the Indian Rupee is stronger than some currencies in Asia and Africa but weaker compared to major currencies like the US Dollar (USD), Euro (EUR), and British Pound (GBP).

In which countries is the Indian Rupee stronger?

A list of countries where the Indian Rupee (INR) holds more value, making travel and purchases more economical for Indians.

Why is the Indian currency stronger in certain countries?

Factors include economic stability, inflation rates, and foreign exchange reserves that affect currency strength.

How does currency strength impact Indian travelers?

Stronger INR means lower travel expenses, affordable accommodation, and shopping, making these destinations popular among Indian tourists.

Can you provide a list of top destinations where the Indian Rupee goes further?

Countries like Indonesia, Vietnam, and Cambodia where the cost of living and tourism is affordable with INR.

What are the best travel destinations for Indians looking for value for money?

Destinations offering rich cultural experiences, natural beauty, and affordability, such as Nepal, Sri Lanka, and Thailand.

How often does the value of the Indian Rupee against other currencies change?

Currency values fluctuate due to various global economic factors. It’s advisable to check the latest exchange rates before planning a trip.

Are there any countries where Indians can experience luxury travel at a lower cost due to the strong INR?

Yes, countries where the cost of luxury services and accommodations is relatively lower, allowing for a lavish experience without the hefty price tag.

How can travelers maximize the benefit of a stronger INR while abroad?

Tips include exchanging currency at favorable rates, choosing destinations with a lower cost of living, and using local transportation.

What should travelers be aware of when visiting countries with a weaker currency than INR?

Considerations include understanding the local cost of living, being mindful of exchange rates, and avoiding common tourist traps that may inflate prices.

Where can I find the most current exchange rates and economic forecasts for these countries?

Official financial news websites, the Reserve Bank of India, and forex exchange platforms provide up-to-date information on currency strength and economic conditions.

What factors influence exchange rates in countries?

Many economic, social, political, and geopolitical factors influence exchange rates, but the most important ones are: inflation differential, trade deficit, debts, political stability, interest rates, peaceful conditions, etc.