Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 11-01-2022

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 74.3125 74.46 74.7 73.6 73.55 72.85
GBP/INR 101.365 101.5675 101.85 99.675 99.61 98.7
EUR/INR 84.4425 84.6125 84.85 83.2325 83.18 82.4
JPY/INR 64.6775 64.8075 65 63.6575 63.6125 63
CHF/INR 80.535 80.695 80.95 79.1675 79.11 78.35
SEK/INR 8.2225 8.24 8.25 8.0525 8.045 7.95
CAD/INR 58.9375 59.055 59.25 58.025 57.985 57.45
AUD/INR 53.6525 53.76 53.9 52.6325 52.595 52.1
SGD/INR 55.1975 55.3075 55.45 54.0675 54.03 53.55
HKD/INR 9.5875 9.605 9.65 9.3925 9.385 9.3
AED/INR 20.3525 20.395 NIL 19.935 19.92 NIL

Leave a Reply

Your email address will not be published.

twenty + sixteen =