Currency, Bank Buying Rate, Bank Selling Rate. TT Buying rate, Bills Buying rate, Currency
Forex – Currency Exchange Services
If you are travelling overseas, you can avail our forex products & services which will give you a right mix of ease of use and safety. We also offer a convenient and secure way to transfer your money overseas to your friends and family through our online remittance services. So sit back and relax, because now you can buy Forex or send money instantly.
Latest Forex Rates Chake Here : ICICI 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.
|Currency||Bank Buying Rate||Bank Selling Rate|
|TT Buying rate||Bills Buying rate||Currency notes||Travel card||Travelers cheques||TT Selling rate||Bills Selling rate||Currency notes||Travel card||Travelers cheques||Demand draft|
|United States Dollar (USD)||73.42||73.42||72.07||73.19||73.19||76.74||76.74||77.97||76.55||76.55||76.43|
|Great Britain Pound (GBP)||98.27||98.27||96.56||98.17||98.17||103.03||103.03||103.88||102.62||102.62||102.57|
|Australian Dollar (AUD)||51.52||51.52||50.12||51.33||51.33||54.04||54.04||54.65||54.23||54.23||54.15|
|Canadian Dollar (CAD)||57.57||57.57||54.83||57.37||57.37||60.39||60.39||61.48||60.59||60.59||60.51|
|Singapore Dollar (SGD)||54.16||54.16||52.13||52.91||–||56.83||56.83||58.19||57.97||–||56.83|
|Japanese Yen (JPY)||63.3||63.3||61.15||63.3||63.3||66.86||66.86||66.4||66.11||66.11||–|
|U.A.E Dirham (AED)||19.34||19.34||19.01||19.46||–||21.55||21.55||21.72||21.41||–||–|
|Swiss Franc (CHF)||78.78||78.78||75.03||78.5||–||82.64||82.64||82.76||82.43||–||–|
|Saudi Riyal (SAR)||18.91||18.91||17.78||18.91||–||21.12||21.12||21.51||21.12||–||–|
|Qatari Riyal (QAR)||19.26||19.26||18.11||–||–||21.68||21.68||22.08||–||–||–|
|Swedish Kronor (SEK)||7.57||7.57||–||7.57||–||8.44||8.44||–||8.44||–||–|
|Danish Kroner (DKK)||10.64||10.64||–||–||–||11.86||11.86||–||–||–||–|
|Norwegian Kroner (NOK)||7.95||7.95||–||–||–||8.86||8.86||–||–||–||–|
|New Zealand Dollar(NZD)||48.18||48.18||–||47.62||–||50.54||50.54||–||51.16||–||–|
|Hong Kong Dollar(HKD)||9.12||9.12||8.48||9.12||–||10.16||10.16||10.51||10.16||–||–|
|Kuwaiti Dinar (KWD)||234.2||234.2||225.17||–||–||261.52||261.52||262.89||–||–||–|
|Thai Baht (THB)||2.14||2.14||2.05||2.14||–||2.38||2.38||2.54||2.38||–||–|
|South African Rand (ZAR)||4.6||4.6||–||4.6||–||5.13||5.13||–||5.13||–||–|
|Omani Riyal (OMR)||184.32||184.32||–||–||–||205.69||205.69||–||–||–||–|
|Russian Rouble (RUB)||0.91||0.91||–||–||–||1.02||1.02||–||–||–||–|
|Korean Won (KRW)||0.059||0.059||–||–||–||0.0657||0.0657||–||–||–||–|
|Chinese Yuan (CNH)||11.17||11.17||–||–||–||12.44||12.44||–||–||–||–|
|Poland Zloty (PLN)||17.35||17.35||–||–||–||19.34||19.34||–||–||–||–|
|Philippine Peso (PHP)||–||–||–||–||–||–||–|
|Bahraini Dinar (BHD)||188.45||188.45||–||–||–||209.91||209.91||–||–||–||–|
|Malaysian Ringgit (MYR)||16.96||16.96||–||–||–||18.91||18.91||–||–||–||–|