foreign exchange rate faq
Q: what will be the foreign exchange rate when i want to draw some cash and want the uk dollars into Indian rupees?
A: The rate for the cash exchange will depend upon the place from where you are going to transfer your dollars into rupees. You can get the best foreign exchange rates while withdrawing cash from the ATM machine or through credit cards. You can get about 70 to 75 rupees for a dollar. But if you want the balance transfer then you can get 75-80 rupees for each dollar depending upon the present exchange rate.
Q: How can i calculate my currency into another from exchange rate?
A: You must visit the website of foreign exchange rate and there you can see a currency converter which will automatically calculate the amount of the given currency into another. You can get complete information about the forex department and all the factors affecting the exchange rate.
Q: How can i invest in foreign interest rates? Should i did it in foreign currency or in what i want?
A:In foreign exchange department, the currency conversion rate or say exchange rate will depend upon the base value of the currency you are going to transfer and in which currency. You can invest in foreign interest rates in the country's local currency for which you are investing and for doing that you first have to convert the investor's currency into your local currency or vice versa. you must also consider the gains and losses of the foreign exchange before doing any type of investments. and then you have to add or subtract this amount from your interest rates you are trying to achieve.
Q: What is the meaning of buying rate and selling rate in foreign exchange currency?
A: Each bank and exchange set different rate daily for selling and buying foreign currencies like if you go to buy some pounds in usa there will be rate which will be slightly higher if you do the reverse. Check out your bank website for a table of daily rates.
A: The rate for the cash exchange will depend upon the place from where you are going to transfer your dollars into rupees. You can get the best foreign exchange rates while withdrawing cash from the ATM machine or through credit cards. You can get about 70 to 75 rupees for a dollar. But if you want the balance transfer then you can get 75-80 rupees for each dollar depending upon the present exchange rate.
Q: How can i calculate my currency into another from exchange rate?
A: You must visit the website of foreign exchange rate and there you can see a currency converter which will automatically calculate the amount of the given currency into another. You can get complete information about the forex department and all the factors affecting the exchange rate.
Q: How can i invest in foreign interest rates? Should i did it in foreign currency or in what i want?
A:In foreign exchange department, the currency conversion rate or say exchange rate will depend upon the base value of the currency you are going to transfer and in which currency. You can invest in foreign interest rates in the country's local currency for which you are investing and for doing that you first have to convert the investor's currency into your local currency or vice versa. you must also consider the gains and losses of the foreign exchange before doing any type of investments. and then you have to add or subtract this amount from your interest rates you are trying to achieve.
Q: What is the meaning of buying rate and selling rate in foreign exchange currency?
A: Each bank and exchange set different rate daily for selling and buying foreign currencies like if you go to buy some pounds in usa there will be rate which will be slightly higher if you do the reverse. Check out your bank website for a table of daily rates.
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