Money Exchange Dealer in Delhi | Forex Service in Delhi

Foreign exchange can be bought from any authorized dealer, such as banks that deal in foreign currency. Besides these, money changers also provide an exchange for business and private visits. Large banks like ICICI, HDFC, Axis Bank etc have a dedicated Forex department that deals with currency exchanges. If you give them Indian Rupees, they will give you the Forex equivalent to that amount. If the amount you are converting is less than Rs. 50,000/- banks will accept a cash payment. However, if the rupee equivalent exceeds Rs 50,000, the entire payment should be made through a crossed cheque or demand draft. There are thousands of securities traded on a stock market. But in the foreign exchange market, there are only eight currencies in which trade takes place. These are:

• U.S. Dollar ($)

• European Currency Unit (€)

• Japanese Yen (¥)

• British Pound Sterling (£)

• Swiss franc (Sf)

• Canadian Dollar (Can$)

• Australian Dollar

• New Zealand Dollar