Foreign exchange rate.


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mails4sagar   
Member since: Nov 05
Posts: 310
Location: Toronto

Post ID: #PID Posted on: 23-04-06 01:09:38

can u tell me what is the normal differencec between the foreign exchange rate for the canadian dollar to indian rupees on http://www.xe.com" rel="nofollow">LINK and what a bank in india will actually give somoene in india ?

to put it simply, if i wire money to india, how does the exchange rate that the bank will give me in india compare with the rate that i see online on http://www.xe.com" rel="nofollow">LINK ???
i knwo the bank will give me less, but i want to knwo the difference.

can someone throw some light ???

thanks.


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I want the cultures of all the lands to be blown about my house as freely as possible.
But I refuse to be blown off my feet by any.


khubuseth   
Member since: Dec 02
Posts: 97
Location: BC

Post ID: #PID Posted on: 27-04-06 16:31:58

hi,

Every day before start of the money market Reserve Bank of India publishes Reference rates for leading currencies against Indian rupee.

You can look it up on their website; reduce this rate by about 20-25 paise per dollar and you will have a fair idea of what exchange rate you will get.

For example today's reference rate for USD is 45.06 Rupees. If you were to send money in USD the actual exchange rate in India will be around 44.85 rupees.

I couldn't find reference rate for Canadian dollar against INR on the RBI website, but then again you can always lookup for CAD to USD rates too ;)


Cheers
Manish.


-----------------------------------------------------------------
Manny

"Experience is the name every one gives to their mistakes."


mails4sagar   
Member since: Nov 05
Posts: 310
Location: Toronto

Post ID: #PID Posted on: 27-04-06 18:33:38

Thanks Manish,

can u send me the link to the RBI site where i can check the daily rate for the US dollar ?

sagar


-----------------------------------------------------------------
I want the cultures of all the lands to be blown about my house as freely as possible.
But I refuse to be blown off my feet by any.




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