Traveling Europe- Convert Euro to Indian Rupee at best Exchange rate.
Buying or Selling Foreign Currency can be an expensive and confounding exercise. The basic task of changing your hard earned INR to Eur or Eur to Inr can be a daunting task with a wide array of options in front of you. Also with high exchange rates and transaction charges, it could prove to be very expensive. But with World’s first and largest online marketplace for currency exchange, BookMyForex, you can easily get the best exchange rates.
Here are top 5 hacks to ensure that they get the most value for their money either while buying or selling their foreign currency.
Never buy/sell your Euros from foreign exchange counters at airports: Foreign exchange counters at airports are mostly set up to exploit desperate travelers. They charge an exorbitant premium of about 10-13% over prevalent exchange rates. Thus, this can easily be avoided. You just have to check the market exchange rates for multiple sources and avoid buying or selling at the airport counters.
2) Compare before you buy/sell foreign exchange:
Foreign exchange rates are extremely dynamic and change every 2-3 seconds. However, most of the money changers do not keep it up with these dynamic rates. Further, there are various additional charges that vary from place to place. Thus not comparing rates and get one a bad deal for their currency.
3) Always buy/sell to RBI Authorised vendors:
Not many people are aware of this fact that if they buy/sell foreign currency from non RBI authorized vendor, then they will be penalized thereby leading them into a caof money laundering in future. With an online marketplace like BookMyForex, it not only gives you the best rates but also is safe to get your foreign exchange done online.
4) Buy/Sell forex in bulk:
Nowadays a lot of people are traveling abroad so they prefer to buy foreign currency in bulk at a rate that is only available for a hefty sum. Small money changers do not have such an option with them. Hence people buying forex from them generally ends up with less cash. So it is always advisable to buy forex in large quantity from reputed foreign exchange services like BookMyForex.
5) Best time to buy foreign currency is 3-5 days before travel:
90% of the travelers buy foreign currency at the last minute. This is when the urgency hurtsthe most. It is always advisable to buy foreign currency 3-5 days ahead of yyour travel. This will not only help you to get the best rates but also good customer service.With BookMyForex you can even get free door delivery.
With BookMyForex.com, you can easily buy/sell the foreign currency at best exchange rates. BookMyForex.com gives inter-bank rates. It compares rates of 100’s of money changers and bankers around your area so as to give you the best rate.
