DBS Bank Forex Rates (1)

DBS Bank Forex Rates 24-08-2022

DBS Bank Forex Rates 24-08-2022

Daily Forex Rates DBS Bank

DBS Bank Forex Rates 23-08-2022

class=”sc-fjdhpX cTxtzU”>Currency Exchange Rate

DBS Bank

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.

DBS Toll Free Customer Care Numbers

Currency Selling TT Selling Cash Buying TT Buying Cash
US Dollar 81.4457 81.4457 78.2518 78.2518
Singapore Dollar 58.5261 58.5257 55.9506 55.9502
Australian Dollar 56.3403 56.3403 53.861 53.861
Swiss Franc 84.5529 84.5524 80.832 80.8315
Euro 81.218 81.2168 77.6439 77.6427
British Pound 96.3765 96.3746 92.1353 92.1334
Canadian Dollar 62.8897 62.8887 60.1221 60.1211
Hong Kong Dollar 10.4084 10.4083 9.9504 9.9502
Japanese Yen 0.5966 0.5966 0.5704 0.5704
United Arab Emirates Dirham 22.229 22.2287 21.2508 21.2504

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