Top 8 Countries where Indian Currency is the KING!

While the Kuwaiti dinar holds the highest value, the U.S. dollar and euro dominate global trade. But there’s another currency that’s making waves, especially in certain parts of the world – the Indian rupee (INR).

With a population of over 1.4 billion and a rapidly growing economy, the Indian rupee is increasingly popular as the currency of choice in several countries.

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In many countries, you can buy a decent meal or even a small souvenir for just 100 rupees. Wondering in which countries the Indian Rupee is considered the currency of choice?

In this article, we will look at the top 10 countries where the Indian Rupee is the king of currency exchange rates, allowing travelers to make the most of their money and get more experience with less.

These countries offer affordable travel options for Indian tourists who want to explore new destinations without spending too much money.

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List of countries where Indian rupee is king

Here is a list of top 8 countries where Indian currency is worth more and your money can go further. The list includes:

Note: The above exchange rates are based on data as of October 23, 2024 and may change over time. For the latest and accurate currency conversions, please refer to official sources.

1.Iran

In Iran, the value of the Indian Rupee is significantly higher, with 1 INR equal to approximately 500.61 IRR.

The low value of the Iranian rial is largely attributed to economic sanctions and inflation that have plagued the country for years. 100 INR gives you about 50,061 IRR, which can be used to buy various items such as local snacks or cheap clothes.

Travel in Iran is quite affordable; a budget of around 1,500,000 IRR (~3K INR) can cover basic daily expenses like meals and public transportation.

Iran’s rich history and stunning architecture make it a fascinating destination for tourists. However, it is crucial to understand local customs and regulations when visiting.

2.Vietnam

The Indian Rupee (INR) is worth more than the Vietnamese Dong (VND), mainly due to Vietnam’s historical inflation and economic challenges.

Currently, 1 Indian Rupee is equal to approximately 299.3 Vietnamese Dong, making the Vietnamese Dong one of the least valuable currencies in the world. 100 rupees can buy about VND29,930 worth of goods. This can allow you to enjoy a hearty meal at a local restaurant or a few street snacks.

If you travel to Vietnam, your daily expenses can be very economical. Travelers on a budget may spend around 1,500 to 2,000 rupees (approximately 450,000 to 600,000 VND) per day for accommodation, meals and local transportation.

Vietnam is known for its rich culture and stunning scenery, including Ha Long Bay and the bustling streets of Ho Chi Minh City.

The low cost of living makes it an attractive destination for adventure-seeking and affordable tourists. Additionally, vibrant markets and delicious street food further enhance the travel experience without breaking the bank.

3. Indonesia

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In Indonesia, the INR is worth more than the Indonesian Rupiah (IDR), with an exchange rate of approximately 1 INR equivalent to approximately 200 IDR.

The lower value of the Indonesian rupiah is affected by economic factors such as inflation and currency depreciation. For 100 Indian rupees, you can get about 20,000 Indonesian rupiah, which can be used to eat a meal in a mid-range restaurant or eat a few local snacks.

Traveling in Indonesia is very economical; budget around 300,000 IDR (~2K INR) per day to cover meals and local transportation.

Diverse culture and beautiful scenery make Indonesia a popular travel destination for people seeking adventure and relaxation.

4.Pakistan

In Pakistan, the exchange rate showed a strengthening of the Indian rupee, at approximately 1 Pakistani rupee = 0.29 Indian rupee.

The depreciation of the Pakistani rupee is due to economic instability and inflation. 100 Indian rupees can be exchanged for approximately 344 rupees, which can be used to purchase meals or local goods.

Traveling in Pakistan can be done on a budget; on average around PKR 2,000 (approximately INR 600) per day can cover basic needs such as food and transportation.

Pakistan is home to stunning landscapes and historical monuments that attract tourists interested in exploring its rich cultural tapestry.

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5. Bangladesh

The Indian rupee also has significant value in Bangladesh and is approximately exchangeable for 1 BDT = 0.75 INR.

The lower value of the Bangladeshi taka is due to economic challenges and inflationary pressures. 100 Indian Rupees can buy approximately 133 BDT, which can be used to buy a meal or a few items at the local market.

When traveling in Bangladesh, an expenditure of about 1000 Bangladeshi Taka (approximately INR 800) per day is enough to meet food and transportation needs.

The country’s rich culture and heritage attract many tourists looking for an authentic experience at an affordable price.

6.Cambodia

In Cambodia, the Indian Rupee is worth more than the Cambodian Riel (KHR), with the exchange rate being approximately 1 KHR = 0.020 INR.

The riel’s low valuation is due to the economic challenges facing the country. For 100 Indian rupees, you can get approximately 5,000 won; this money can be used to buy food or souvenirs from local markets.

Traveling in Cambodia is very economical; a daily budget of around INR 20,000 (approximately CHF 1 million) is enough to cover basic needs such as meals and transportation.

The country’s rich history and cultural heritage such as Angkor Wat make it an attractive destination for tourists.

7. Sri Lanka

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The Indian Rupee has a favorable exchange rate in Sri Lanka, approximately 1 LKR = 0.25 INR. The depreciation of the Sri Lankan Rupee is due to economic fluctuations and inflationary trends.

For 100 INR, you can get approximately 400 LKR; this amount can be used to pay for meals or entrance fees to various attractions.

For travelers in Sri Lanka, a daily budget of around 5,000 Sri Lankan rupees (approximately INR 1,250) is usually available for accommodation and meals.

Famous for its stunning beaches and ancient temples, Sri Lanka offers a diverse range of experiences for those seeking relaxation and adventure.

8. Nepal

In Nepal, the Indian Rupee has a high value with an exchange rate of approximately 1 NPR = 1.6 INR.

The depreciation of the Nepalese rupee is affected by various economic factors including inflation. For just 100 INR, you get about 160 NPR; this money can buy meals or transportation within the city.

For travelers in Nepal, a daily budget of around 2,500 Nepalese rupees (roughly Rs. 400) is enough to cover basic expenses like food and accommodation.

Nepal’s stunning landscapes and trekking opportunities attract many adventurers seeking experiences amidst natural beauty.

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Additionally, countries like Türkiye and Egypt are a few options with higher Indian rupee value. In Türkiye, the exchange rate of INR is approximately ₺6 (Turkish Lira) = 1 INR.

The lira’s depreciation has been affected by economic challenges, including inflation rates, which have greatly affected purchasing power.

For 100 rupees, you can get around £600; this can be spent on meals or small souvenirs at local markets.

Travelers can expect daily expenses of £300 to £500 (approximately Rs 50 to Rs 85) while exploring Turkey’s rich history and diverse culture, depending on lifestyle choices such as eating out or using public transport.

In Egypt, the Indian Rupee also has a higher exchange rate against the Egyptian Pound (EGP), with the exchange rate being approximately EGP0.58 = 1 INR.

The lower valuation of the Egyptian pound is due to economic volatility affecting its strength against foreign currencies. For 100 rupees, you can get about 50 Egyptian pounds; this money can be used to buy meals or attraction tickets.

For tourists with a daily budget of around 200-300 Egyptian pounds (approximately 40-60 rupees), it is usually enough to cover food and transportation needs while enjoying Egypt’s rich historical heritage, including landmarks such as the Pyramids of Giza.

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Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion