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Documentation Required to Exchange Currency in India Passport. ID and address proof like PAN and Aadhaar (For Indian customers obtaining forex) Confirmed air ticket showing travel within 60 days. Valid Visa copy.

You can get better rates by ordering foreign currency from your local bank or credit union before you start your trip. Correct! Banks and credit unions generally offer the best exchange rates, and many won't charge extra fees to exchange currency. Remember to order the foreign currency before you start your trip.

The document currency is the currency of the transaction which depends on the structure of the transaction. In our example, we're legally obligated to pay 500 EUR. Thus our document currency is EUR. This currency is actually set on the document at the time of the transaction.

The U.S. dollar is the reporting currency. If Esso Australia reported AUD 1 million, it would convert that AUD 1 million into USD, which is approximately $750,000. ExxonMobil would then use the $750,000 figure in its consolidated financial reporting.

Document currency is something you would see in a FI document, whereas transaction currency is part of a CO document. In finance documents you would talk about document currenty and local currency for instance.

Document currency. The currency of the transaction. For example, if you purchase a chair from a supplier in Mexico, the document currency is probably the Mexican peso. Local currency. The currency in which the financial books, including the transaction, are closed.

The accounting currency is the monetary unit used by a firm to record its transactions and to present its financial statements. The accounting currency is also known as the reporting currency or presentation currency.