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  Canada Immigration Forum > About Canada > Financial Planning > I have $ want rupee
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I have $ want rupee




adamthorat
Senior Desi
Member since: Aug 11




Posts: 1041
Location:


Quote:
Originally posted by tamilkuravan

When I came to India in 2011, I exchanged both CAD and USD with the money changer (in India).
CAD was Rs. 45 and USD was Rs. 46.

Look how USD fortunes has changed.

Murali

Note : Always banned, I have sent to my contact number. Incidentally I live in Cochin of Kerala.



Yup Cad and usd we're almost st on par then , as CAD is a petro currency..the price of oil was high then at almsot $ 100 a barrel ..now oil prices are in a dump consequently the CAD petro currency is in the dumps ..almost 20 % - 25 % less than USD..since 2011.

Oil goes up cad goes up , oil goes down cad goes down :(


 
Post ID: 222134 23-05-15 21:07:32
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Many
Desi
Member since: May 13




Posts: 88
Location:


I have to pay someone in India INR equal to CAD 500. One site now shows 1CAD=INR 51.418
says mid-market rate.
question: is this the rate I should be paying the person in India ( from my NRO account perhaps
Please advise

-----------------------------------------------------------------
Many

 
Post ID: 232365 11-08-16 19:21:09
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Full House
Senior Desi
Member since: Oct 12




Posts: 2215
Location:



What I will be providing you here is not an INSTANT Quote. I am giving you what I am seeing NOW. Which is 0.12 or 12np more. Which means that you lose. The market is in a constant state of flux and you have to go by what the person who exchanges there pays you for a Canadian Dollar. I would say that it is in the ball park. So, go by the figure you have given which is 51.418. For some brokers dealing in very large sums it will be their daily wage. For you with such a small sum to reimburse is not a great loss.

Hope this helps.

FH.
--
Quote:
Originally posted by Many

I have to pay someone in India INR equal to CAD 500. One site now shows 1CAD=INR 51.418
says mid-market rate.
question: is this the rate I should be paying the person in India ( from my NRO account perhaps
Please advise





 
Post ID: 232370 11-08-16 23:03:49
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mkannuri
Senior Desi
Member since: Nov 06




Posts: 409
Location:


I can help if some one is sending money to india as i am in the process of exchanging INR to CAD myself.
PM me with the details

-----------------------------------------------------------------
MK

 
Post ID: 232371 11-08-16 23:50:49
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Many
Desi
Member since: May 13




Posts: 88
Location:


Thanks FH; have PM'd you MRK
-----------------------------------------------------------------
Many

 
Post ID: 232408 12-08-16 23:03:12
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Contributors:
adamthorat(2)  alwaysbanned(2)  Full House(2)  happywoman36(1)  lemon925(2)  Many(2)  mkannuri(1)  
northyork_desi(1)  tamilkuravan(2)  
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