If sell rate of US dollar is Rs. Remittance means transfer of money from foreign country to home country India.
Remittance rate is the rate of that foreign currency against Indian Rupees. For example, if remittance rate for US dollar is 70, this means 1 US dollar being remitted is equivalent to Rs. I understand. Unblock your geolocation, so we can assign nearest representative to assist you further. Settings Logout. Login With. We're unable to sign you in because the password entered incorrect. You exceed the OTP limit.
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Foreign Exchange Counter Rates | Maybank Malaysia
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FAQs - Turkish Lira - US Dollar exchange
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Real help when you need it and a simple, streamlined digital platform when you don't. Register for free and try OFX. What our customers say Trustpilot. Whether you want to transfer euros to dollars or loonies to rupees, this is the place to check live and historical currency exchange rates. With these tools, you can time your transfer, so your international payments go further.
Interbank rates, also commonly referred to as market rates, are the official live conversion rates for a given currency pair. The interbank rate is the constantly fluctuating price at which banks trade currencies with each other. At OFX, our margins are substantially less, so the more you use our service the more you save.
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Types of Exchange Rates There are 3 major types of exchange rates systems which governments employ to determine the market value of their currencies. Floating exchange rates. Most major and relatively stable currencies employ a floating exchange rate or fluctuating exchange rate , which are determined by the forces of supply and demand. The value of the currency is determined by market factors including interest rates, consumer and inflation data, political climate and fluctuations in the value of critical exports.
Managed float exchange rates. Countries employing a managed float include Indonesia and Singapore. Fixed exchange rates. A fixed exchange rate regime ties the value of the currency to the fluctuations of another currency.