Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 06-05-2021

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

USD/INR 74.24 74.39 74.6 73.48 73.43 72.75
GBP/INR 103.56 103.7675 104.1 101.7625 101.69 100.75
EUR/INR 89.27 89.45 89.7 87.965 87.91 87.1
JPY/INR 68.1175 68.255 68.45 66.9825 66.935 66.3
CHF/INR 81.57 81.735 82 80.125 80.0675 79.3
SEK/INR 8.7925 8.81 8.85 8.605 8.6 8.5
CAD/INR 60.705 60.8275 61 59.725 59.6825 59.15
AUD/INR 57.6025 57.7175 57.9 56.5125 56.4725 55.95
SGD/INR 55.88 55.9925 56.15 54.6775 54.64 54.15
HKD/INR 9.6125 9.63 9.65 9.41 9.4025 9.3
DKK/INR 12.055 12.08 NIL 11.7975 11.79 NIL
AED/INR 20.3325 20.3725 NIL 19.9025 19.8875 NIL
NOK/INR 8.9375 8.955 NIL 8.7475 8.74 NIL

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