Canara Bank Forex Rates – Today’s Exchange Rates, How to Check & Charges (2026)

Canara Bank forex (foreign exchange) rates apply when you buy or sell foreign currency, make international remittances, use forex cards, or process import/export payments. These rates change daily based on global market movements and bank margins.

This guide explains Canara Bank forex rates in simple Indian English—without guessing exact numbers.

Quick Summary: Canara Bank Forex Rates

• Applies to: USD, EUR, GBP, AED, and other major currencies
• Rate type: TT buying, TT selling, cash buying, cash selling
• Changes: Daily (sometimes multiple times a day)
• Used for: Remittances, travel, education, trade
• Best way to check: Branch, official website, or bank app

What Are Canara Bank Forex Rates?

Forex rates are the exchange rates at which Canara Bank converts one currency into another. These rates are not the same as Google or market rates because banks include:

• Service margin
• Operational cost
• Risk buffer

So, Canara Bank’s rate is usually slightly higher or lower than the interbank market rate.

Types of Forex Rates at Canara Bank

1. TT Buying Rate

• Bank buys foreign currency from you
• Used when:
  • Receiving money from abroad
  • Export proceeds
  • Foreign inward remittance

2. TT Selling Rate

• Bank sells foreign currency to you
• Used when:
  • Sending money abroad
  • Paying foreign university fees
  • Import payments

3. Cash Buying Rate

• Bank buys physical foreign currency
• Used when:
  • You sell foreign cash or traveller’s cheques to the bank

4. Cash Selling Rate

• Bank sells physical foreign currency
• Used when:
  • Buying forex cash for travel

Cash rates are usually less favourable than TT rates due to handling risk.

Major Currencies Supported by Canara Bank

Canara Bank typically deals in:

• US Dollar (USD)
• Euro (EUR)
• British Pound (GBP)
• UAE Dirham (AED)
• Australian Dollar (AUD)
• Canadian Dollar (CAD)
• Japanese Yen (JPY)

Availability may vary by branch and city.

How to Check Canara Bank Forex Rates

Method 1: Canara Bank Branch

• Visit your nearest branch
• Ask for today’s forex card / TT rates
• Best for large-value transactions

Method 2: Official Website

• Canara Bank publishes daily forex rate sheets
• Rates are shown currency-wise and transaction-wise

Method 3: Canara Bank Mobile / Net Banking

• Some remittance-related rates may be visible
• Final rate is confirmed before transaction

Forex Charges at Canara Bank (Indicative)

Apart from exchange rate, banks may charge:

• Forex conversion margin
• Remittance processing fee
• SWIFT charges (for international transfers)
• GST on service charges

Charges vary by purpose, currency, and transaction value. Always ask for the total payable amount before confirming.

When Do Forex Rates Change?

Canara Bank forex rates:

• Change on working days
• May change multiple times in volatile markets
• Are usually not updated on bank holidays

For urgent payments, check rates on the same day.

Forex Rates for Common Uses

Education Fees Abroad

• TT selling rate applies
• Additional documents may be required

International Remittance (Outward)

• TT selling rate
• FEMA purpose code needed

Export Proceeds

• TT buying rate
• Conversion done on credit date

Foreign Travel

• Cash selling rate or forex card rate

Common Issues & Tips

Rate seems high?

• Compare TT vs cash rates
• Ask about preferred customer discounts
• Large amounts may get better rates

Rate changed after request?

• Forex rates are locked only at transaction time
• Delay can cause rate difference

Currency not available?

• Smaller branches may need advance request
• Major cities have better availability

FAQs: Canara Bank Forex Rates

Canara Bank forex rates depend on the currency, transaction type, and market conditions. Whether you’re sending money abroad, receiving foreign funds, or buying travel currency, always check the latest TT or cash rate on the same day and confirm total charges before proceeding.

For the most accurate rate:

• Visit your branch
• Ask for the day’s forex rate sheet
• Confirm charges and conversion value in writing