I have $ want rupee

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lemon925
Member since: May 15

Posts: 202
Location: Toronto
Post ID: #PID

Posted on: 22-05-15 14:23:19

With ICICI bank money gets deposited in the account immediately. whatever exchange rate you see, they give 1 rs less than that, you can call and check, if the amount is big they do give some special rate and the fee is always 5 or 10$.

whereas when you send it with Western union you get a better rate but at the same time you pay higher fee. so you have to calculate that yourself. And money here goes to another person, not to ur account.

tamilkuravan
Member since: Jun 05

Posts: 5775
Location: God's own country
Post ID: #PID

Posted on: 23-05-15 06:27:39

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.

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I am a Gents and not a Ladies.

adamthorat
Member since: Aug 11

Posts: 1041
Location:
Post ID: #PID

Posted on: 23-05-15 21:07:32

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

Many
Member since: May 13

Posts: 113
Location:
Post ID: #PID

Posted on: 11-08-16 19:21:09

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

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Many

Full House
Member since: Oct 12

Posts: 2677
Location:
Post ID: #PID

Posted on: 11-08-16 23:03:49

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

mkannuri
Member since: Nov 06

Posts: 409
Location:
Post ID: #PID

Posted on: 11-08-16 23:50:49

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

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MK

Many
Member since: May 13

Posts: 113
Location:
Post ID: #PID

Posted on: 12-08-16 23:03:12

Thanks FH; have PM'd you MRK

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Many

Contributors: Full House(2) Many(2) alwaysbanned(2) lemon925(2) tamilkuravan(2) adamthorat(2) mkannuri(1) northyork_desi(1)

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