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

Most FOREX traders use a broker to handle their transactions. What exactly is a broker? Strictly speaking, a broker is an individual or a company that buys and sells orders according the investor's decisions. Brokers earn money by charging a commission or a fee for their services.

A FOREX broker needs to be associated with a large financial institution such as a bank in order to provide the funds necessary for margin trading. In the United States a broker should be registered as a Futures Commission Merchant (FCM) with the Commodity Futures Trading Commission (CFTC) as protection against fraud and abusive trade practices.

Before trading FOREX you need to set up an account with a FOREX broker. You may feel overwhelmed by the number of brokers who offer their services online. Deciding on a broker requires a little bit of research on your part, but the time spent will give you insight into the services that are available and fees charged by various brokers.

The best advertising is word-of-mouth advertising, and this is just as valid in FOREX trading as it is for any other type of business. Talk to friends and associates to see who they are dealing with and find if they have any complaints or difficulties in dealing with a particular broker.

You could try selecting a few online brokers and contact their Internet help desks to see how quickly they respond to enquiries and whether or not they answer questions to your satisfaction. Keep in mind, however, that pre-sales service may be better than after sales service. This can be true for any online business, not just FOREX brokers.

Customer satisfaction and safety are just part of the story. You want to find a broker who executes orders quickly and with minimum slippage. All online brokers should offer automatic execution and have clear policies regarding slippage. They should be able to tell you how much slippage can be expected in both normal and fast-moving markets.

Next you want to know the fees involved. What is the spread? Is spread fixed or variable according to the type of account? Are mini accounts subject to wider spreads? Are there any other charges? Smaller spreads mean more profit for the trader, but there may be a trade-off between spread and service. Look at the overall picture before deciding to go with a particular broker.

Margin accounts are the lifeblood of FOREX trading, so be sure you understand the broker's margin terms before setting up an account. You need to know the margin requirements and how margin is calculated. Does margin change according to the currency traded? Is it the same every day of the week? Some brokers may offer different margins for mini and standard accounts.

Trading software is very important for the online FOREX trader. Get a feel for the options that are available by trying out a demo account at a few online brokers. Above all, you are looking for reliability and the ability to perform well in fast-moving markets. The software should offer automatic trading and may have special features such as trailing stops and trading from the chart. Some features may only be available at an extra cost, so be sure you understand what your trading needs are and how much the broker charges to provide them.

Other information to find out about includes the broker's policy regarding minimum account balances, interest payments on account balances, which currencies can be traded and whether or not non-standard sized lots can be traded. You should also find out whether clients' funds are insured and the extent of that insurance

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