Calculate currency conversions based on indicative market rates commonly used for international transactions.
USD – US Dollar
INR – Indian Rupee
EUR – Euro
GBP – British Pound
AED – UAE Dirham
CAD – Canadian Dollar
AUD – Australian Dollar
SGD – Singapore Dollar
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INR – Indian Rupee
USD – US Dollar
EUR – Euro
GBP – British Pound
AED – UAE Dirham
CAD – Canadian Dollar
AUD – Australian Dollar
SGD – Singapore Dollar
Conversion Result
0.00INR
Exchange Rate Used: 1 USD = 0.00INR
*Note: These rates are indicative market mid-rates for illustration. Actual HDFC Bank buy/sell rates will differ due to bank spreads, transaction fees, and real-time market fluctuation.
Understanding HDFC Forex Rates and Currency Conversion
Whether you are planning an international vacation, sending money abroad for education, or managing business payments in foreign currency, understanding Foreign Exchange (Forex) rates is crucial. Banks like HDFC Bank play a major role in facilitating these currency exchanges.
Forex rates determine the value of one country's currency relative to another. These rates fluctuate constantly throughout the day, driven by global market dynamics, interest rates, inflation, and geopolitical events. The calculator above provides an indicative estimate of how much target currency you would receive for a specific amount of source currency based on mid-market rates.
Bank Rates vs. Market Mid-Rates
It is vital to understand the difference between the "mid-market rate" often seen on Google or finance news sites, and the actual rate a bank will offer you.
Mid-Market Rate: This is the midpoint between the "buy" and "sell" rates in global currency markets. It is the "real" value of the currency, but it's generally not the rate accessible to retail customers.
HDFC Bank Buy/Sell Rates: When you transact with HDFC (or any bank), they apply a "spread" or margin to the mid-market rate to cover their costs and make a profit.
If you are buying foreign currency (e.g., exchanging INR for USD for a trip), the bank will charge you a higher rate (the "Sell Rate").
If you are selling foreign currency (e.g., converting received USD back to INR), the bank will offer you a lower rate (the "Buy Rate").
Therefore, the actual amount you receive or pay at an HDFC branch or online portal will differ from indicative calculators that use mid-market data.
Key Factors Influencing Forex Rates
Several macroeconomic factors cause the rates seen in the calculator to change daily:
Interest Rates: Generally, higher interest rates in a country increase the value of its currency because they attract foreign capital looking for better returns.
Economic Performance: Strong economic data (GDP growth, low unemployment) boosts confidence in a currency.
Geopolitical Stability: Political uncertainty or conflict can cause a currency's value to drop as investors seek safer assets.
How to Use This HDFC Forex Rate Calculator
This tool is designed to give you a quick, indicative estimate of a currency conversion scenario.
Enter Amount: Type in the total numerical value of the currency you currently hold.
Select "From Currency": Choose the currency denomination of the amount you just entered (e.g., USD if you have dollars).
Select "To Currency": Choose the currency you wish to acquire (e.g., INR if you need Rupees).
Calculate: Click the button to see the estimated converted amount and the indicative exchange rate used for the calculation.
For final, transactable rates, always log into your HDFC NetBanking portal or visit the nearest HDFC Bank branch.