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  • Choose Your Currency

    Select the currency and enter the amount you require.

  • Provide Your Information

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  • Receive Your FOREX

    Select nearest Veena World branch and collect your foreign currency.

US Dollar Exchange Rates

As per the Coinage Act of 1792, the United States Dollar (USD) was established as the official currency of the United States and its territories. It is officially abbreviated as the USD and the symbol used is $. One dollar is divided into 100 cents. It is the most traded currency in the world which makes it the most powerful as well. “Greenback” and “buck” are some of the terms used to describe the USD. The currency is currently printed in the denominations of $1, $2, $5, $10, $20, $50, and $100. The forex is a volatile market; US dollar exchange rate in Mumbai may vary from one day to the next. So, whether you are planning to transact in export or import or need to buy the currency for your travels, make sure to check the dollar price in Mumbai for the day you intend to buy.

Why Veena World?

Veena World steps in to ease your travel in every possible way. With our passionate, dynamic and experienced team who have an experience of 30+ years in the travel industry, we are all set to bring your travel dreams into reality. And to do that, we cover all possible sets of arenas in travel to help you actually choose a destination by simply throwing a dart on the map and yet having everything about it with ease. Even when it comes to returning the Forex, Veena World brings a simpler process after foreign trip at reasonable exchange rate.

Our team with all their expertise provide good money exchange rate, authentic currency. With Veena World, you can be rest assured that you can buy foreign exchange which are genuine and which will help you enjoy your dream trip abroad.

What is Forex?

Forex is a commonly used term for foreign exchange. Forex refers to the over the counter exchange of currencies of different countries. The currency is traded according to demand. Foreign exchange is the process of exchanging one currency with another. This is done to facilitate various deals between countries, the most common being for trade, commerce, and tourism. The foreign exchange market is the largest and most liquid market in the world.

Many people, regardless of which country they are visiting, opt to buy USD from their home country and get it exchanged for the currency of their destination when they reach. 

How it works?

Forex is generally required when a country or its citizens have business interests abroad. It is also true for someone who wishes to visit another country for the purpose of tourism. For instance, if a country wishes to export items, it receives forex and when it imports items, it has to pay in forex.

There are quite a few ways to buy/sell forex. You can either exchange the currency through a bank or an authorized institution/dealer/person. The documents needed to buy forex for travelling abroad are:

  • Passport copy
  • A copy of the visa (if applicable)
  • A copy of the air tickets
  • A2 form

There will be a different US dollar rate in Mumbai depending on whether you are buying currency or selling it. For both transactions, a commission is charged that may vary. If you intend to buy USD in Mumbai from a dealer, it is best if you check the US dollar exchange rate in Mumbai beforehand. The USD rate in Mumbai might fluctuate multiple times in a day. 

All forex currency transactions in Mumbai would be subject to the current US dollar rate in Mumbai.

At present, to buy USD in Mumbai, you can go through banking channels or authorised forex dealers. Check the US dollar rate in Mumbai for buying the currency and the USD selling rate in Mumbai as both will differ. Also, make sure to compare the current US dollar rate at a few places before deciding on one.

USD Limit

In Indian currency, residents of India can carry up to Rs. 25,000. However, the maximum limit for carrying out forex transactions in USD is USD 250,000 per traveller in a single financial year, as per regulations. However, only $3000 of that amount can be carried as currency, while the balance has to be in the form of prepaid forex cards, Remittances or traveller's cheques. To find the eligibility of the amount that can be carried by you, do a quick search on the “US dollar rate today in Mumbai” online.

USD Trends

Follow ongoing forex trends concerning the USD online. Just search for the “US dollar rate today in Mumbai”. Forex is subject to a lot of fluctuations, sometimes even in a single day. For fluctuations regarding the USD, you can search for dollar prices in Mumbai.

Whether you wish to transact in forex for travelling or for business purposes, it is important to understand the factors that affect forex fluctuations and valuations. The foreign exchange is an important determiner of a country’s economic stability.

As mentioned earlier, USD is the strongest currency in the world. A strong currency is indicative of economic stability and a low inflation rate in the country. The most popular exchange rate measurement is the U.S. Dollar Index which compares the value of the USD with the currencies of other countries. The value of the U.S. dollar is measured in three ways:

Exchange Rates: The exchange rates determine how much of a particular currency you can exchange for a dollar. The most popular exchange rate measurement is the U.S. Dollar Index.

Treasury Notes: The U.S. Department of the Treasury sells notes for a fixed interest rate and face value and investors bid for it. The value of the USD is in congruence with the demand for these treasury notes.

Foreign Exchange Reserves: Countries that export commodities to the US get paid in USD and if they import commodities they spend USD. If the revenue in USD generated from exports is higher than what is spent on imports, there’s a surplus of USD forex. Countries build their forex reserves to keep their currency values lower.

Things to remember when buying USD in Mumbai

Depending on the valuation of a particular foreign currency, it is determined as an expensive or inexpensive currency. If you are looking for the US dollar rate today in Mumbai for buying or selling USD, here are some things that you may keep in mind:

  • Compare Rates: No matter where you buy your forex from, compare prices as there could be a huge difference in USD selling rate in Mumbai at different banks/dealers.
  • Don’t Exchange at Airports: Exchanging forex at airports could prove to be quite expensive.
  • Avoid Traveller’s Cheques: These are almost obsolete and cumbersome to encash and many establishments abroad do not accept them anymore.

Buy Forex Well in Advance: Currency rates can fluctuate greatly. Ideally, search for the “US dollar rate today in Mumbai” for a few days before you buy. You can buy foreign exchange up to 180 days before your travel dates.

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Frequently Asked Questions

We help you prepare for your trip and ensure an effortless and enjoyable travel experience.

Being authorised Money Changers, Veena World has the FFMC (Full Fledged Money Changer) license. This means that a guest can easily get their money changed from Veena World Forex Pvt Ltd. You can simply walk into any Veena World branch and do the transaction.

US DOLLAR (USD)MALAYSIAN RINGGIT (MYR)THAI BAHT (THB)JAPANESE YEN (JPY)
STERLING POUND (GBP)NEW ZEALAND DOLLAR (NZD)UAE DIRHAM (AED)
EURO (EURO)SINGAPORE DOLLAR (SGD)CHINESE YUAN (CNY)
AUSTRALIAN DOLLAR (AUD)HONGKONG DOLLAR (HKD)SWISS FRANCS(CHF)

*Any transaction depends on the availability of the currency.

As per the regulations, the maximum amount of foreign currency that a person can carry while travelling abroad is USD 2,50,000 per traveller in a single financial year.

However, of the total amount, only USD 3000 can be carried as currency notes per visit. The remaining amount should be in the form of prepaid forex cards.

Also note, foreign exchange is not available for a visit to Nepal and/or Bhutan for any purpose.

Veena World only provides Cash Currency to the guests. We do not issue traveller’s cheques or Forex cards.

Once the payment has been made via cheque, the guest will receive the Forex once the cheque clears. On the other hand, if the guest has used NEFT or some other form of online transfer to make the payment, the currency will be handed to the client by the next day or once the payment has been received by Veena World.

If a guest wants to buy foreign currency, they have to submit copies of the following documents with us: 

  • Valid Passport *
  • Airline ticket *
  • PAN Card *
  • Form A2
  • Residence Permit (in case of foreign nationals only)

(Note: If the guest has booked their tour from Veena World then the passport and air ticket is not required, as Veena World would already have a copy of them)

Documents marked * are required only from walk-in guests who have not yet booked a tour with Veena World. For guests who have already booked with us, the above documents are not required to be submitted again, as we would already have them from the time of booking.

(Except for Form A2, which will be given to the guest once the forex transaction is confirmed)

To return any unused personal forex to Veena World, guests are required to submit copies of the following documents:

  • Passport (not required for Veena World guests)
  • Currency Purchase Receipt (if the guest does not have the purchase receipt then they can sign a declaration form which will be provided by Veena World)

By Cheque or online transfer. In case of an online transfer, Veena World would require a copy of a cancelled cheque or a photo of a cancelled cheque. No currency is returned in the form of cash.

Travellers are required to surrender any unspent foreign exchange in the form of currency notes within 180 days of their return from a foreign trip. No coins can be exchanged upon coming back to India.

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