AVAX to USDT: Avalanche vs Tether in rupee terms
1 AVAX =
9.1384 USDT
1 AVAX = ₹864.68 · 1 USDT = ₹94.62 · 1 USDT = 0.10943 AVAX
Snapshot 23 October 2026; updating to live…
Over the 12 months to 23 Oct 2026, Avalanche lost 52.1% against USDT: the ratio went from 19.121 USDT to 9.1673 USDT per AVAX. In rupees, AVAX fell 48.4% (from ₹1,679.97 to ₹867.41) while USDT rose 7.7% (from ₹87.86 to ₹94.62). Because USDT tracks the US dollar, this ratio is close to Avalanche's dollar price; the rupee quotes add the USD/INR rate.
The pair in numbers
- Highest ratio: 20.827 USDT on 27 Oct 2025. Lowest: 5.8974 USDT on 20 Jun 2026. Today's ratio is 56.0% below the high.
- Change against USDT: -18.9% over 30 days, +45.4% over 90 days, -52.1% over 12 months.
- ₹1 lakh put into AVAX on 24 Oct 2025 would be worth about ₹51,632 now; the same in USDT, about ₹1,07,694 (before fees, spreads and tax).
- Daily moves: correlation -0.01 (they often move independently); a 1% move in USDT came with about -0.06% in AVAX on average. Volatility about 73% a year for AVAX and 7% for USDT.
- AVAX gained against USDT on 169 of 364 days (46%).
Month-end ratio
| Month | USDT per AVAX | Change | AVAX (₹) | USDT (₹) |
|---|---|---|---|---|
| Oct 2026 (so far) | 9.1673 | -19.9% | ₹867.41 | ₹94.62 |
| Sept 2026 | 11.438 | +60.8% | ₹1,098.27 | ₹96.02 |
| Aug 2026 | 7.111 | +10.5% | ₹678.18 | ₹95.37 |
| Jul 2026 | 6.4354 | -3.6% | ₹615.35 | ₹95.62 |
| Jun 2026 | 6.6729 | -25.5% | ₹630.92 | ₹94.55 |
| May 2026 | 8.955 | -1.8% | ₹849.92 | ₹94.91 |
| Apr 2026 | 9.1232 | +3.6% | ₹864.15 | ₹94.72 |
| Mar 2026 | 8.8076 | -2.3% | ₹822.81 | ₹93.42 |
| Feb 2026 | 9.0124 | -17.4% | ₹820.85 | ₹91.08 |
| Jan 2026 | 10.911 | -13.2% | ₹999.15 | ₹91.57 |
| Dec 2025 | 12.572 | -11.7% | ₹1,130.09 | ₹89.89 |
| Nov 2025 | 14.245 | -21.4% | ₹1,273.26 | ₹89.38 |
| Oct 2025 | 18.118 | — | ₹1,609.95 | ₹88.86 |
How this ratio is worked out, and its limits
The ratio is Avalanche's daily rupee close divided by Tether's on the same UTC day, both from CoinGecko's global INR averages (365 shared days). It is not a quote from any exchange's AVAX/USDT order book: real pair quotes include spreads and fees, and Indian exchange prices can sit above or below the global average. Past ratios do not predict future ones. Full method: methodology.
Swapping AVAX for USDT is a taxable transfer in India: Schedule VDA guide · tax calculator.
FAQ
How much is 1 AVAX in USDT?
At the 23 October 2026 snapshot, 1 Avalanche (AVAX) was worth 9.1384 USDT, because 1 AVAX cost ₹864.68 and 1 USDT cost ₹94.62. Put the other way, 1 USDT = 0.10943 AVAX. The live ratio at the top of this page refreshes every 60 seconds.
Live now: — (refreshes every 60 seconds)
Did AVAX beat USDT over the last year?
In rupee terms Avalanche went down 48.4% and Tether up 7.7% between 24 Oct 2025 and 23 Oct 2026, so AVAX lost 52.1% against USDT (daily closes, UTC). ₹1 lakh in AVAX would have become about ₹51,632; in USDT, about ₹1,07,694.
Is swapping AVAX for USDT taxed in India?
Yes. A crypto-to-crypto swap is a transfer of a virtual digital asset, so any gain on the AVAX you give up, valued in rupees at the time of the swap, is taxed at 30% plus 4% cess, losses cannot be set off, and 1% TDS can apply to the transfer. Keep the INR value of both legs for your Schedule VDA.
Can I trade AVAX directly against USDT in India?
It depends on the exchange. This page does not check listings. If your exchange has no direct AVAX/USDT market you would go through INR or USDT, which means two trades, two sets of fees and two taxable transfers.