Canara Bank Forex Rates Today (1)

Canara Bank Forex Rates 31-3-2021

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 73.8600 74.0075 74.25 73.0425 72.99 72.30
GBP/INR 101.7575 101.9600 102.25 99.8850 99.82 98.90
EUR/INR 86.6250 86.7975 87.05 85.2675 85.21 84.40
JPY/INR 66.8775 67.0125 67.20 65.7025 65.6575 65.05
CHF/INR 78.5475 78.7050 78.95 77.1075 77.0525 76.35
SEK/INR 8.4925 8.5100 8.55 8.3050 8.3000 8.20
CAD/INR 58.7100 58.8275 59.00 57.7125 57.6725 57.15
AUD/INR 56.3900 56.5025 56.65 55.2400 55.2025 54.70
SGD/INR 55.1275 55.2375 55.40 53.9200 53.8825 53.40
HKD/INR 9.5550 9.5750 9.60 9.3475 9.3400 9.25
DKK/INR 11.6925 11.7150 NIL 11.4375 11.4275 NIL
AED/INR 20.2275 20.2675 NIL 19.7825 19.7700 NIL
NOK/INR 8.6825 8.7000 NIL 8.4900 8.4850 NIL

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