Citibank Forex Rates (2)

Citibank Forex Rates 28-01-2022

Daily Forex Rates

Citibank Forex Rates

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.

Citibank Toll Free Customer Care Numbers.

Daily FX Rate Sheet
Date Time
TT Buying
10:15 AM
TT Selling
US Dollar USD/INR 73.62 76.63
Euro EUR/INR 82.1 85.45
Japanese Yen (100) JPY/INR 63.78 66.39
Sterling Pound GBP/INR 98.67 102.7
Swiss Franc CHF/INR 79.13 82.36
Canadian Dollar CAD/INR 57.83 60.19
Australian Dollar AUD/INR 51.76 53.87
Singapore Dollar SGD/INR 54.41 56.63
Hongkong Dollar HKD/INR 9.45 9.84
Swedish Krona SEK/INR 7.85 8.17
Danish Kroner DKK/INR 11.03 11.48
New Zealand Dollar NZD/INR 48.41 50.39
South African Rand ZAR/INR 4.77 4.96
Mexican Peso MXN/INR 3.55 3.69
Norwegian Kroner NOK/INR 8.23 8.57
UAE Dirham AED/INR 20.04 20.86
Thai Baht THB/INR 2.216 2.306
Hungarian Forint HUF/INR 0.23 0.239
Polish Zloty PLN/INR 17.99 18.72
Russian Rouble RUB/INR 0.948 0.987
Saudi Rial SAR/INR 19.62 20.42
Turkish Lira TRY/INR 5.4 5.62
Kuwaiti Dinar KWD/INR 242.98 252.9
Israeli Shekel ILS/INR 23.04 23.98
Chinese Yuan CNH/INR 11.57 12.05
Czech Koruna CZK/INR 3.358 3.495
Malaysian Ringgit MYR/INR 17.58 18.3
US Dollar Currency Notes 73.62 76.63
US Dollar T C 73.62 76.63
Euro Currency Notes 82.1 85.45
Euro T C 82.1 85.45
Sterling Pound Currency Notes 98.67 102.7
Sterling Pound T C 98.67 102.7

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