DBS Bank Forex Rates (1)

DBS Bank Forex Rates 27-09-2022

DBS Bank Forex Rates 27-09-2022

Daily Forex Rates DBS Bank

DBS Bank Forex Rates 26-08-2022

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 83.0471 83.0471 79.7904 79.7904
Singapore Dollar 58.0147 58.0147 55.4617 55.4617
Australian Dollar 53.9841 53.9841 51.6085 51.6085
Swiss Franc 84.007 84.007 80.3102 80.3102
Euro 80.2911 80.2911 76.7577 76.7577
British Pound 89.8189 89.8189 85.8662 85.8662
Canadian Dollar 60.7977 60.7977 58.1221 58.1221
Hong Kong Dollar 10.606 10.606 10.1392 10.1392
Japanese Yen 0.5768 0.5768 0.5514 0.5514
United Arab Emirates Dirham 22.6657 22.6657 21.6683 21.6683

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