Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 16-11-2022

Canara Bank Forex Rates 16-11-2022

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

How To Calculate GST on foreign Currency Conversion – Calculate GST on Inward Remittance

80.93 81.0925 80.205 80.15
81.5625 81.725 80.84 80.78
USD/INR 81.895 82.06 81.175 81.1175
GBP/INR 97.48 97.675 95.8775 95.81
EUR/INR 85.0675 85.2375 83.8475 83.79
JPY/INR 58.665 58.7825 57.7975 57.755
CHF/INR 86.9825 87.155 85.5275 85.4675
SEK/INR 7.8625 7.88 7.7 7.695
CAD/INR 61.845 61.97 60.925 60.8825
AUD/INR 55.5725 55.685 54.505 54.465
SGD/INR 60.0425 60.1625 58.8075 58.7675
HKD/INR 10.5325 10.555 10.32 10.3125
AED/INR 22.4375 22.4825 21.9775 21.9625

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