Buy, Sell Or Transfer US Dollar At The Best Rates In India

The US Dollar is the currency of United States of America (USA). USD or US Dollar is the most popular currency in the world because of the trade agreements that the US has with other currencies. US Dollar is the business currency of the world and hence, the most standard and widely used currency in the world. The US Dollar is the most converted currency in the world and is used as a benchmark in the foreign currency exchange market. Several countries use it as their official currency and in many other countries, it is the de facto currency. It is divided into 100 cents and is printed by Federal Reserve Bank.

US DOLLAR CURRENCY FACTS

US DOLLAR-WORLDS PRIMARY RESERVE CURRENCY

The USD can be paired with all other major currencies of the world and is used most in the international transactions. That is the reason for its popularity and widespread use. Very few currencies can be traded on a regular basis in India. If you are unable to find the currency of the country you plan to travel, exchanging your INR to USD makes perfect sense. Since it is the worlds primary reserve currency, you can exchange your US Dollars for the local currency of the country you are in.

Convert Dollar to Rupee

The most popular exchange for Rupee is with the US Dollar. There are around 4 million NRIs living in America and almost every major American corporation has an office in India. This means a lot of exchange of not just man power but money as well. That is the reason for the popularity of USD to INR exchange There are plenty of places where you may not be able to find Indian Rupees and most other currencies would most probably not be accepted for exchange. Because of its popularity, it is cheaper to carry US Dollars even if the local currency of the country you're traveling to, is available. This is because currency rates, especially of products such as cash currency and travellers cheques are priced based on a demand supply relationship.

Best USD to INR Rates

As explained above about the popularity of USD to INR exchange Rate, there is always a sufficient supply of US Dollars in India and other countries and therefore, USD is always available at rates. Because of its availability and the demand, there is always the tussle among money exchangers and Banks to earn huge margins on USD to INR exchange or INR to USD exchange. But these are not the best rates. The best rates for USD to INR are with BookMyForex.com. Our tie-ups with more than 5000 banks and money exchangers makes it possible for us to give you the best rates possible.

Stop Paying For Foreign Exchange

With BookMyForex.com you dont have to pay any hidden fees or charges to convert Dollar to Rupee or vice versa. Exchange your Dollars or any other foreign currency back into Indian rupees at exact interbank rates - thats the same rates that you see on search engines like Google, forex sites like XE.com and business news channels like CNBC.