Axis Bank Forex Rates
**Unlocking Global Opportunities: Axis Bank’s Forex Solutions**
Axis Bank stands as a beacon in the realm of foreign exchange, offering competitive rates and transparent services. With Axis Bank’s Forex rates, individuals and businesses can seize opportunities worldwide, whether it’s converting currency for travel or conducting international transactions. Leveraging Axis Bank’s exchange rate portal provides real-time insights into currency values, while its Forex cards ensure secure and convenient transactions, albeit with associated charges. From the USD rate to the Canadian Dollar rate, Axis Bank’s commitment to transparency and competitive pricing makes it a trusted partner in navigating the global currency market.
In today’s fast-paced world, accessing Axis Bank’s Forex solutions empowers customers to make informed decisions, ensuring seamless transactions across borders. By capitalizing on Axis Bank’s foreign exchange rate today, individuals can optimize their financial endeavors, while businesses can streamline their international operations. With Axis Bank’s commitment to transparency and reliability, customers can trust in its Forex services to unlock a world of possibilities, be it for travel, business, or personal remittances.
What Is Foreign Exchange (Forex)?
Foreign Exchange (forex or FX) is the trading of one currency for another. For example, one can swap the U.S. dollar for the INR.
A foreign exchange rate is the price of the domestic currency stated in terms of another currency. In other words, a foreign exchange rate compares one currency with another to show their relative values. Since standardized currencies around the world float in value with demand, supply, and consumer confidence, their values change relative to each over time. For instance, one US dollar in 2011 was worth about .68 Euros. In 2014, one US dollar is worth .75 Euros. This means the dollar has increased in value over this three-year span, but the Euro is still 25% more valuable
Note: All Rates Displayed below are directly taking from respective websites of bank, For more exact details, Please contact Concern Bank.
Axis Forex Rates
How To Calculate GST on foreign Currency Conversion – Calculate GST on Inward Remittance
| Currency | Code | Amount Range | I want to | ||||
|---|---|---|---|---|---|---|---|
| Send Money Abroad |
Receive International Money Transfer |
Load Forex Cards |
Redeem Forex Cards |
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| Other Rates | Open NRI Account | Apply Now | |||||
| U.A.E. Dirham | AED | .01-4000 | 23.66 | 22.16 | 23.65 | 21.15 | |
| Australian Dollar | AUD | .01-500 | 56.37 | 52.83 | 55.35 | 51.55 | |
| Canadian Dollar | CAD | .01-1000 | 63.68 | 59.27 | 62.35 | 57.8 | |
| Swiss Franc | CHF | .01-1700 | 94.04 | 90.3 | 93.85 | 88.05 | |
| Chinese Yuan | CNH | .01-99999999.99 | 0 | 0 | 0 | 0 | |
| Danish Kroner | DKK | .01-5000 | 12.4 | 11.44 | 12.4 | 11 | |
| Euro | EUR | .01-800 | 92.02 | 86.89 | 91.15 | 85.8 | |
| Great British Pound | GBP | .01-800 | 108.68 | 101.6 | 106.3 | 100.2 | |
| Hong Kong Dollar | HKD | .01-8000 | 11.05 | 10.21 | 11.05 | 9.95 | |
| Japanese Yen | JPY | .01-100000 | 55.87 | 52.81 | 55.1 | 51.35 | |
| New Zealand Dollar | NZD | .01-1500 | 51.58 | 48.15 | 51.35 | 47.05 | |
| Saudi Riyal | SAR | .01-13000 | 23 | 21.4 | 23 | 20.85 | |
| Swedish Kronor | SEK | .01-99999999.99 | 7.96 | 7.33 | 7.95 | 7 | |
| Singapore Dollar | SGD | .01-750 | 62.75 | 60.2 | 62.75 | 58.6 | |
| Thai Baht | THB | .01-99999999.99 | 2.4 | 2.03 | 2.4 | 2.05 | |
| US Dollar | USD | .01-1000 | 86.03 | 81.55 | 85.25 | 80.15 | |
| South African Rand | ZAR | .01-10000000 | 4.64 | 3.99 | 4.6 | 4 |
The forex market is the largest, most liquid market in the world, with trillions of dollars changing hands every day.1 There is no centralized location, rather the forex market is an electronic network of banks, brokers, institutions, and individual traders (mostly trading through brokers or banks).
Explanation of Terms:
T.T. Buying -Rate at which a Foreign Inward Remittance received by Telegraphic Transfer, Foreign DD or Foreign Cheque is converted into Rupees. In respect of Foreign DDs & Cheques, interest/charges at the ruling rate will be deducted towards transit period/collection as per FEDAI guidelines.
T.C. Buying – Rate at which Foreign Currency Traveller’s Cheques are bought from the customer.
Currency Buying – Rate at which Foreign Currency Note is bought from the customer.
T.T. Selling – Rate applicable when a customer sends an outward remittance through Telegraphic Transfer or through Issuance of Demand Draft.
T.C. Selling – Rate applicable when a customer buys Foreign Currency Traveller’s Cheques from the Bank. The same will be arranged through TC issuers.
Currency Selling – Rate applicable when a customer buys Foreign Currency notes from the Bank. This is however, subject to availability of currency notes at the Branch concerned.