HDFC Bank provides a detailed breakdown of forex rates for a variety of global currencies. Whether you're looking to buy, sell, or trade currency for travel, business, or investment purposes, knowing the current exchange rates is essential. This article dives into the exchange rates offered by HDFC Bank in August 2024, covering multiple currencies, forex card rates, and additional details relevant to customers.
Understanding exchange rates can help travelers and traders make informed decisions. Let's take a closer look at HDFC Bank's exchange rates as of August 16, 2024.
Below is the detailed table of the exchange rates offered by HDFC Bank, including rates for buying and selling cash, trade, and remittances:
Currency Cash Buying Cash Selling Bills Buying (Trade) Bills Selling (Trade) T.T. Buying (Inward Rem) T.T. Selling (Outward Rem) Forex Cards (Cash out) & TC Purchase Forex Cards (Load/Reload) & TC Sale DD Issuance U.A.E. Dirham (AED) 21.03 24.84 21.87 23.82 21.99 23.70 21.99 23.76 - Australian Dollar (AUD) 53.15 59.65 53.98 57.16 54.31 56.85 54.31 57.02 57.16 Canadian Dollar (CAD) 58.49 64.41 59.36 62.93 59.72 62.60 59.72 62.78 62.93 Swiss Francs (CHF) 91.16 101.45 93.48 99.13 94.10 98.60 94.10 98.89 - Euro (EUR) 89.54 96.58 89.92 94.36 90.52 93.85 90.52 94.13 94.36 Great Britain Pound (GBP) 105.07 112.03 105.59 110.44 106.29 109.84 106.29 110.17 110.44 Hong Kong Dollar (HKD) 9.91 11.73 10.39 11.14 10.45 11.08 10.45 11.11 11.14 Japanese Yen (JPY) 0.5297 0.5976 0.5437 0.5835 0.5474 0.5804 0.5474 0.5820 0.5835 New Zealand Dollar (NZD) 46.21 55.11 48.44 52.38 48.72 52.10 48.72 52.25 52.38 United States Dollar (USD) 81.72 86.11 82.08 85.74 82.63 85.28 82.63 85.53 85.74
U.S. Dollar (USD): The USD to INR exchange rate for cash buying is ₹81.72, while the cash selling rate is ₹86.11. For forex card loading and T.T. Selling, the rate varies slightly, indicating market fluctuations.
Great Britain Pound (GBP): The GBP shows high value with a cash buying rate of ₹105.07 and a selling rate of ₹112.03. This strong position highlights the pound's dominance in the forex market.
Australian Dollar (AUD): The AUD has a cash buying rate of ₹53.15 and a selling rate of ₹59.65, showing a significant margin for transactions.
Forex Cards & Travel Convenience: If you're using a forex card, the rates for loading and reloading are usually competitive, especially compared to cash transactions. For example, the AED forex card rate is ₹23.76 for loading.
These exchange rates fluctuate based on market conditions, so it's crucial to keep updated regularly. When traveling or conducting international trade, understanding these rates can help you manage expenses efficiently.
If you plan to load your forex card or make international transfers, it's wise to contact your HDFC Bank Relationship Manager for updated and negotiated rates.
Additionally, check for any service charges, commissions, or additional fees that may apply to your currency conversion or remittance.
The August 2024 HDFC Bank forex rates provide valuable insights for those dealing with foreign currencies. From frequent travelers to traders, having up-to-date information on buying and selling rates for currencies like USD, GBP, EUR, and AED can be highly beneficial. Always ensure to check for the latest rates before making any currency-related decisions, as market fluctuations may affect your transactions.
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