Being in Europe, my bank account is denominated in Euro, so at some point that $1,000 needs to change into Euro. The big question is how many Euro will end up hitting my bank account. The traditional and most common way of doing international money transfers is to let the banks handle...
How much money in US dollars is 1 crore rupees? Exchange Rate: The exchange rate tells you how many units of a foreign currency you can get if you sell one unit of domestic currency. Changes in the exchange rate will result in either depreciation of the domestic currency (against a foreig...
If in all she has 80 coins totaling 220 rupees, how many coins of each kind does she have? How many ways can you make change for a dollar? The value of the euro is currently $1.36 US and the price of 1 liter of gasoline in ...
The fact is, even after including the fee, they beat the rate offered by banks. So when you initiate a remittance, ask yourself this question. Ask yourself: After including all charges, how many rupees will be deposited in Indian bank account?
that non-Chinese members might increase their dependence on China's yuan instead. That said, when Russiademanded in October2023 that India pay for oil in yuan as Russia is struggling to use its excess supply of rupees, India refused to use anything other than the US dollar or rupees to ...
The North American company collects this capital and floats a subsidiary company locally in India. The collected capital, in rupees, is transferred to the local Indian subsidiary by the parent company. The plant becomes operational, and the proceeds are used to pay the interest to bondholders. ...
TheEUR/USDis a popular example of a currency pair. Here, the euro is the base currency and the US dollar is the quote currency. It indicates how many euros I can get for a single buck. Let’s say that the EUR/USD currently sits at 1.1000. At current prices€500would get me$550(...
You may notice that at few places you can pay for the expenses in other currencies also. For example, Indian Rupees is acceptable at many places in Nepal and Bhutan. Similarly, USD is acceptable at many places in Cambodia. Hong Kong Dollars are widely acceptable in Macau. The disadvantage ...
When opening an account, an FCNR account must be funded with the total deposit amount. For the most part, the account must be supported with foreign currency from abroad, not Indian rupees (although there is one exception). Also, the name on the transfer has to match the name on the ne...
For year round, many people go for a modern home. If you take a house (shack) near the beach for year-round, the salt in the air will ruin your floors and even electronics. The novelty of a “cute” home will go away fast. ...