WHAT IS US DOLLAR (USD)? US Dollar (USD) or the American Dollar is a powerful currency that dominates the global market. It is the most popular currency for the trade circuit as well. US dollar is the business currency and most countries use it in exchange. It's also considered as the benchmark of the foreign currency market as it's the most exchanged and converted currency of the world.Â
EXCHANGE OR RESERVE USD
The USD or US currency can be used in any transaction of the world with an exchange. US currency in India is mostly used for international transactions or for traveling abroad. In India, only a few currencies are traded. But, Dollar is indeed a popular currency in India. In fact, the US dollar rate in India keeps changing with market conditions and economy. As the dollar is the primary reserve currency of the world, you can trade it with any other currency market. Conversion of dollar to rupee is also simple.
CONVERSION OF USD TO INR ďƒ’
Conversion of Dollar to rupee is the most popular one. As millions of NRI'S live in America, exchange rates are flexible. You can convert dollar to rupee in different ways. Banks and financial institutes offer easy conversion of rates but also charge extra for conversion. Then you have moneychangers that let you convert Dollar to INR. But that is a tad traditional way to convert.
HOW TO EXCHANGE USD TO INR IN EASY STEPS?
Online exchange sites are a good bet for conversion. A site like Bookmyforex.com lets you convert Dollar to INR at no added costs. The best part is you can lock the rate of conversion for three days and use the cheapest rate for conversion.
WHAT YOU NEED TO DO TO CONVERT USD TO INR?
You just need to add the amount and rate and the process will be easier for you. You can also carry Forex cards and traveler's cheque available for conversion of rupees. The process depends on the demand for exchange.
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