How to Convert INR to GBP
Foreign currency exchange rates are the amount one currency is worth in another currency. Foreign currency exchange rates constantly fluctuate. When exchanging the Indian Rupee for the British Pound Sterling, a bank or exchanging location will normally charge an additional fee to exchange the currencies. For informational purposes, an investor can check the current exchange rates between the two currencies to see how the currencies are performing against each other.
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Instructions
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Yahoo! Finance
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Find the current foreign currency exchange rate. Go to X-Rates.com or a similar online currency exchange rate site. Select "Indian Rupee" from the "Table" drop-down menu, then click "Go." Find "British Pound" under "1 INR." This is the current foreign currency exchange rate. For example, as of July 2010, 1 Indian Rupee equals 0.0140832 British Pounds. The 0.0140832 British Pounds is the foreign currency exchange factor.
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Determine the amount of Indian Rupees you have that you want to convert. In the example, a person has 500 Indian Rupees.
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Multiply the amount of Indian Rupees you have by the foreign currency exchange factor. In the example, 500 Indian Rupees times 0.0140832 pounds equals 7.0416 British Pounds.
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Tips & Warnings
The current exchange rate will constantly change, so be sure to check the most up-to-date exchange rate before converting.
References
- Photo Credit Pound symbol made of pound coins image by Scott Latham from Fotolia.com
