Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 01-02-2022

Canara Bank Forex Daily 

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

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.

Note: All Rates Displayed below are directly taking from respective websites of bank, For more exact details, Please contact Concern Bank.

Canara Bank Other Info

Canara Bank Forex Rates

USD/INR 74.8025 74.9525 75.2 74.09 74.04 73.35
GBP/INR 100.955 101.1575 101.45 99.2725 99.2 98.3
EUR/INR 84.2325 84.4 84.65 83.045 82.99 82.2
JPY/INR 65.3 65.43 65.65 64.2725 64.2275 63.65
CHF/INR 81.1475 81.31 81.55 79.725 79.67 78.95
SEK/INR 8.0675 8.085 8.1 7.8975 7.8925 7.8
CAD/INR 59.0575 59.175 59.35 58.1575 58.1175 57.6
AUD/INR 53.0125 53.1175 53.3 51.9825 51.945 51.45
SGD/INR 55.7025 55.815 56 54.5375 54.5 54
HKD/INR 9.65 9.67 9.7 9.455 9.4475 9.35
AED/INR 20.4875 20.53 NIL 20.0675 20.0525 NIL

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