By Admin 
Nowadays, information about currency rates has become very important for Indians working abroad. Especially for those people who work in countries like Europe and send money to India for their families. If we look at the recent price of Finland’s currency i.e. Euro and Indian Rupee, every Indian may be surprised.
At present the price of 1 Euro is Rs 104.72. This means that if someone earns $100 or about 100 Euros every month in Finland, he will receive Rs 10,472 when sending it to his family in India. This is not just a simple calculation, but shows the true importance of the salary for those working in foreign jobs.
Earnings in rupees increased for those working abroad
The salaries of Indians working abroad are in Euro or Dollar. Depreciation of Indian rupee or strengthening of foreign currency directly affects their profits. For example, if the salary of an employee in Finland is 100 Euro, earlier he used to get less rupees in India, but now because 1 Euro = 104.72 rupees, he gets more rupees. That means his earnings in India have already increased, without any increment or promotion. Such benefits are especially important for those families who depend on remittances from abroad.
Impact on everyday expenses
People working abroad mostly spend in euros or dollars. But when they send the same money to India, they get more money. This means that more money becomes available for daily household expenses, children’s education, vehicle expenses or any investment.
This is no less than a bonus for Indians working in a country like Finland. Earning of 100 Euros is equal to Rs 10,472 in India. If the salary is high, the difference becomes even bigger.
Big benefit for freelancers and remote workers too
Today many youth in India do freelance or remote jobs and take payment in Euros. This is a good opportunity for those working in fields like IT, digital marketing, design, content writing. If a graphic designer earns 500 Euros for a client in Finland, in India he will earn Rs 52,360. Same client, same work, but more profit in rupees. In this way he can increase the value of his salary in India.
Also read – Salary of Indians working in US increased so much due to fall of rupee, how much was the benefit without increment?
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