What's the difference between "Good bye" and "Farewell"?

Goodbye is used casually as an everyday term usually when two people are ending a phone conversation or ending their interaction and going somewhere else.

Farewell is more formal and usually implies that you will never see the person again or it will be a long time.

Farewell is not used much anymore.

Farewell Vs Goodbye

Good Bye, a word implying departure or the like, is used in addressing while farewell is used as a general term for the process of saying "goodbye"

great question madhavi:) yOU know though these words sound synonimous but still there lies a "deep" difference !! Happiness can be found of things which may not even be beneficial to our spiritual or psychological aspect like we may go out & have our favourite dish & clothes etc., we would feel happy. But satisfaction comes from a kind of achievent, if we get good grades in studies we would get a positive feeling that says "hard word paid off" now thats more beneficial isn't it ;p[ Now peace.... I think it depends on what attitude we adopt towads the "activities" we do for "happiness" or either "satisfaction", peace actually exist in our self, it just has to be found by us. A person of ignorance might feel peace while a hard worker could be strresed. It can be even oposite to that . So peace needs to found by us.

"Farewell" is archaic (old-fashioned). You might use it in order to convey a sense of solemnity or to sound more dramatic, or if you were writing something set in the past. It means that you hope the person will be alright while they are away, so you could get away with using it if you aren't going to be seeing someone for years.

"Goodbye" is used in ordinary, casual speech in pretty much every occasion.

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RE:

What's the difference between "Good bye" and "Farewell"?

For those native English speaker, could you describe the differences between "good bye" and "farewell"? When should we use "good bye" and on which ocasion should we use "farewell"?