Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 23-08-2022

Canara Bank Forex Rates 23-08-2022

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

SELLING RATES BUYING RATES
CURRENCY TT/DDS BILL T C TT/CHQ BILL T C
USD/INR 80.2375 80.3975 80.65 79.5225 79.465 78.75
GBP/INR 94.815 95.005 95.3 93.25 93.185 92.3
EUR/INR 79.9875 80.1475 80.4 78.8075 78.7525 78
JPY/INR 58.6775 58.795 58.95 57.8125 57.7725 57.25
CHF/INR 83.6275 83.795 84.05 82.215 82.1575 81.4
SEK/INR 7.5425 7.5575 7.6 7.385 7.38 7.3
CAD/INR 61.7975 61.9225 62.1 60.8725 60.83 60.25
AUD/INR 55.585 55.695 55.85 54.5175 54.48 53.95
SGD/INR 57.7875 57.9025 58.1 56.6125 56.5725 56.05
HKD/INR 10.2875 10.31 10.35 10.08 10.0725 10
AED/INR 21.98 22.025 NIL 21.5325 21.5175 NIL

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