Exchange rate for currency conversion

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7 Points Posted on 30 July 2022
for import and export value conversion to vaule at the closing rate on 31-3-2022 financial statement reporting date , which exchange of sbi used? there are many rate available in the sbi forex card eg:- TT Selling and Buying rate, TC buying and selling rate, PC buying rate, currency selling and buying rate, bill selling and buying rate
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On 30 July 2022 at 16:08 Report
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This discussion seeks clarification on the correct SBI exchange rate to use for converting import and export values for financial statement reporting on 31-3-2022. Specifically, it questions whether the TT buying rate applies to both import and export transactions and which rate to use when there are different rates for transactions below and above 10 lakh.

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SEO Sai Gr. Hosp.
212511 Points Posted on 31 July 2022

TT buying rate..             

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On 31 July 2022 at 12:35
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7 Points Posted on 31 July 2022
For both import and export TT buying rate will use? in forex card there are two rates bolow 10 lakh and above 10 lakh transactions, then which rate will use for this purpose?
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On 31 July 2022 at 14:04

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