Indian Exchange Rates

 
 We always give you the BEST and profitable Exchange Rate for all major currencies. Below we are giving the TENTATIVE/ INDICATIVE RATE LIST which is not the final Rate list. For the Final rate please Contact Us.

18 Thursday, December, 2008 at 10.00 AM
Currencies Symbol Buying Selling
US Dollar USD 44.50 49.70
Sterling Pound GBP 69.60 76.80
Euro EUR 64.55 71.10
Australian Dollar AUD 31.85 34.85
Bahrain Dinar BHD 117.05 133.55
Canadian Dollar CAD 36.90 41.40
Danish Kroner DKK 8.40 9.70
Egyptian Pound EGP 6.20 8.85
Hongkong Dollar HKD 5.50 6.60
Japanese Yen / 100 JPY 50.55 55.95
Jordan Dinar JOD 59.05 68.80
Kuwait Dinar KWD 146.40 175.65
Malaysian Ringitt MYR 12.20 14.70
NewZealand Dollar NZD 25.90 29.90
Omani Rial OMR 114.45 130.45
Qatar Rial QAR 12.20 14.70
Saudi Rial SAR 11.70 13.55
Singapore Dollar SGD 30.20 35.10
South African Rand ZAR 4.15 5.10
Swiss Franc CHF 41.60 47.30
Thai Baht / 100 THB 125.90 147.90
UAE Dirham AED 12.05 13.60
Rates are subject to change without prior notice

Pakistani Exchange Rates

   

 
Remittance Buying Selling
 US Dollar TT 81 81.5
 US Dollar DD 81 81.5
Currency Notes
 Australian Dollar 54.25 55.25
 Bahrain Dinar 210.65 211.65
 Canadian Dollar 68.1 68.5
 China Yuan 11.95 12.45
 Danish Krone 13.7 13.9
 Euro 103.3 105.3
 Hong Kong Dollar 10.25 10.45
 Indian Rupee 1.6 1.7
 Japanese Yen 0.821 0.831
 Kuwaiti Dinar 298.25 299.25
 Malaysian Ringgit 22.4 23.4
 NewZealand $ 47.6 48.6
 Norwegians Krone 11.7 11.9
 Omani Riyal 208.4 209.4
 Qatari Riyal 22.05 22.25
 Saudi Riyal 21.3 21.7
 Singapore Dollar 53.8 54.8
 Swedish Korona 10.15 10.35
 Swiss Franc 68.4 69.4
 Thai Bhat 2.1 2.4
 U.A.E Dirham 21.9 22.3
 UK Pound Sterling 127.15 129.15
 US Dollar 81 81.5
 
 
 

Friday, January 2, 2009

Forex Brokers — Helping to Maximize Your Success

A Forex broker is a broker dealing in foreign exchange, just like real estate broker who deals in real estate and properties. Simply, a Forex broker is an advisor who advises you about the forex market. However, the Forex market is not the perfect place to play with as a novice and beginner as there are many criticalities involved along with much risk bearing capacities. Novices can very quickly get their fingers badly burnt. But inexperience is not the only reason to consider using a Forex broker to trade in the high-risk international currencies market.

So, the Forex broker is an advisor who advises you about the forex market and allows you to work for 24 hours a day with major currencies like EUR, JPY, GBP, CHF etc against the US dollar on the spot, i.e. according to the current prices on the forex international exchange market. But the level of profits depends only on your abilities as well as your timely decision.

Although the role of the Forex broker is relatively redundant as a result of technological advancement and increased awareness, we cannot completely underestimate his role. The new paradigm shift has had something of a democratizing effect on the financial markets, and in the years that have followed a plethora of banks and brokerages have extended the range of their services to a new market by packaging up their online trading systems for the retail market, enabling the more modest investor to trade from their own computer screen — even on the previously out-of-reach currency markets. This is where the real role of Forex broker starts.

PIP is nothing special but Price Interest Points. In the forex market, currencies are always priced in pairs. The quoted price is the level where we, acting as the market maker, are willing to buy/sell the currency pair. In the wholesale market, currencies are quoted out to four decimal places, with the last placeholder called a point or a pip. A pip in most currencies is one /10,000th of an exchange rate (in USD/JPY, it is one /100th, likewise you can find for others).

Let's see some more information about Spread. As with all financial products, forex quotes include terms like 'bid' and 'ask"'. The 'bid', in its simplest terms is the price at which a dealer is willing to buy (and clients can sell) the base currency in exchange for the counter currency. The 'ask' is the price at which dealer will sell (and clients can buy) the base currency in exchange for the counter currency. The difference between the bid and the ask price is referred to as the spread. The spread defines the trader's cost, which can be recovered with a favorable currency move in the market. The value of a pip is determined by the pair of currencies being traded, the rate at which the currency pair is trading and the size of the position being traded.

There are many great Forex brokers, like COESfx, who maintains tight, competitive spreads in the four major currencies against the Dollar, and a total of 17 currency pairs including USD/CAD and AUD/USD. Some of the major features of COESfx are:

Real-time streaming prices

Price certainty on market orders

Competitive pricing

Fixed 3-5 pip spreads

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