Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 28-01-2022

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

SELLING RATES BUYING RATES
CURRENCY TT/DDS BILL T C TT/CHQ BILL T C
USD/INR 75.4125 75.565 75.8 74.68 74.63 73.95
GBP/INR 101.47 101.6725 102 99.7575 99.69 98.75
EUR/INR 84.265 84.435 84.7 83.055 83 82.2
JPY/INR 65.565 65.6975 65.9 64.5075 64.4625 63.85
CHF/INR 81.415 81.5775 81.8 79.97 79.915 79.15
SEK/INR 8.0925 8.1075 8.15 7.9225 7.9175 7.85
CAD/INR 59.455 59.575 59.75 58.5275 58.485 57.95
AUD/INR 53.25 53.3575 53.5 52.2225 52.1875 51.7
SGD/INR 56.08 56.1925 56.35 54.8925 54.855 54.35
HKD/INR 9.7375 9.7575 9.8 9.5375 9.53 9.45
AED/INR 20.655 20.6975 NIL 20.225 20.2125 NIL

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