Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 05-05-2022

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 76.515 76.6675 76.9 75.78 75.73 75
GBP/INR 96.7175 96.9125 97.2 95.0775 95.01 94.15
EUR/INR 81.4825 81.645 81.9 80.275 80.22 79.45
JPY/INR 59.4475 59.565 59.75 58.5225 58.4825 57.95
CHF/INR 79.02 79.1775 79.4 77.66 77.605 76.9
SEK/INR 7.9075 7.9225 7.95 7.74 7.735 7.65
CAD/INR 60.305 60.425 60.6 59.3575 59.315 58.75
AUD/INR 55.645 55.7575 55.9 54.5875 54.5475 54.05
SGD/INR 56.045 56.1575 56.35 54.875 54.8375 54.35
HKD/INR 9.8075 9.8275 9.85 9.605 9.5975 9.5
AED/INR 20.9575 21 NIL 20.5225 20.5075 NIL

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