Forex import export service

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This discussion addresses how to find foreign exchange rates for international service transactions. It covers sourcing USD rates for exports invoiced in dollars and EUR rates for imports invoiced in Euros. The user is seeking historical rates for specific past dates, as current online resources often only provide live rates.

Gayathri

Gayathri (Querist)
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09 January 2023 1.We are exporting services to U.S and raising the invoice in usd...kindly tell from where to take foreign exchange rate in case of export of service.

2. We are importing services from European country. Recieving invoice in Euros. Kindly tell from which site or place to see forex. Inr

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 January 2023 SBI buying rate for exports and SBI selling rate for imports applicable.

https://www.google.com/url?sa=t&source=web&rct=j&url=https://www.sbi.co.in/documents/16012/1400784/FOREX_CARD_RATES.pdf&ved=2ahUKEwjh5Yjdsbr8AhUxTGwGHbY-ByYQFnoECCsQAQ&usg=AOvVaw35ygHXcxqrqJflRdgeWdpt

Gayathri

Gayathri (Querist)
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18 January 2023 I am not able to see all the back dates' forex card rates...for example my invoice relates to 31.12.2022. So I will book and see the forex rates of that date only...But link is only giving present rate not past archives.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 January 2023 Search Google you will get it.

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