Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 24-08-2022

Canara Bank Forex Rates 24-08-2022

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

USD/INR 80.2125 80.3725 80.6 79.4975 79.44 78.7
GBP/INR 95.0575 95.25 95.55 93.49 93.425 92.55
EUR/INR 80.01 80.17 80.4 78.8325 78.7775 78.05
JPY/INR 58.8275 58.945 59.1 57.96 57.9175 57.4
CHF/INR 83.455 83.62 83.85 82.045 81.9875 81.2
SEK/INR 7.575 7.59 7.6 7.42 7.415 7.35
CAD/INR 62.0025 62.1275 62.3 61.0675 61.025 60.45
AUD/INR 55.6325 55.7425 55.9 54.5475 54.51 54
SGD/INR 57.865 57.98 58.15 56.675 56.635 56.1
HKD/INR 10.2875 10.31 10.35 10.08 10.0725 10
AED/INR 21.975 22.0175 NIL 21.525 21.51 NIL

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