Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 03-05-2021

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

SELLING RATES BUYING RATES
CURRENCY TT/DDS BILL T C TT/CHQ BILL T C
USD/INR 74.6425 74.79 75 73.89 73.84 73.15
GBP/INR 103.55 103.7575 104.05 101.755 101.69 100.75
EUR/INR 89.9025 90.0825 90.35 88.5875 88.53 87.7
JPY/INR 68.3675 68.505 68.7 67.2275 67.18 66.55
CHF/INR 82.03 82.195 82.45 80.56 80.505 79.75
SEK/INR 8.865 8.8825 8.9 8.6775 8.6725 8.6
CAD/INR 60.93 61.05 61.25 59.945 59.9025 59.35
AUD/INR 57.8625 57.9775 58.15 56.7675 56.7275 56.2
SGD/INR 56.355 56.4675 56.65 55.16 55.12 54.6
HKD/INR 9.6675 9.6875 9.7 9.465 9.4575 9.35
DKK/INR 12.1375 12.1625 NIL 11.8825 11.875 NIL
AED/INR 20.4425 20.4825 NIL 20.0125 19.9975 NIL
NOK/INR 9.0325 9.05 NIL 8.84 8.835 NIL

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