Exchange US Dollar, Conversion of Dollar to INR, Buy & Sell USD

US Dollar

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. US Dollar (USD) is also called as Greenback and Smacker at times. The top USD conversion depends on country to country. The rate of exchange remains variable according to different market economies of different countries. That sets the yardstick for exchange of currency. 

Reserve currency and exchange 

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. 

USD to INR

The conversion of Dollar to INR

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. 

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. 

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. 

The buying and selling process 

You can also buy or sell American dollars in India. As the US dollar rate in India is variable, you can sell Dollars at a higher rate. Banks may provide you with best rates on selling and buying but you can't be sure with changing rates. 

Then there are added costs that are levied by the bank. You can sell and buy us dollars online with Bookmyforex.com. Get the best possible rate as the rate is updated after every change, you can get the best deal possible. 

1 USD to INR

The importance 

US dollar is a global currency that is always in demand. It's easy to convert the currency from the dollar to INR with the right variables. You can get the best rates on online deals. It also helps to save your time and efforts. So, next time you need to convert dollar to INR, you need to login to exchange sites online for best rates.