Best Online Foreign Money Exchange Platform-Nafex @nafexbureau-blog - Tumblr Blog

Now a customer can get the best rates for his Forex, in his City through Nafex.com Certified & only RBI approved #Money #Changers.

Watch leading cricketers tell why they use Nafex.com for foreign exchange.

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Best Debit Cards to use Abroad :

You might be tempted to think that using your debit card is the best way of getting hold of your money when you are on holiday. In your home country after all, it is generally free to withdraw your own cash (as it should be), and since virtually everything is done electronically in the finance world, is it really so difficult for the banks to give you your money for free when you’re abroad?

Apparently so – or rather, apparently it offers a sneaky way for the banks to earn extra fees.

So what do they charge?

Debit cards – cash withdrawals

Here you can get hit with a currency loading fee which is typically around 2.75% of the amount you take out and then perhaps a Cash Withdrawal Charge which is usually between 1.5 – 2% but often with a minimum of around £2.

This means using a standard debit card to withdraw £100 worth of Euros, would cost the customer £104.75. If he or she made the mistake of taking out a series of small amounts, say £10, the unwary tourist could be paying £2.28 each time.

Get the cash before you go – but be careful Just because a bureau de change announces that it is “commission free”, does not necessarily mean it is the cheapest place to get cash. They might not levy a commission charge, but they could well offer extremely poor rates of exchange so that actually, you would be better off at a place that did charge the commission but offered a better exchange rate.

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Kings XI Punjab on Wednesday announced its association with Nafex.com as the leading arm sponsor and Shrey as back of the helmet sponsor for the ongoing Champions League Twenty20. While Nafex.com is known to offer best rates for foreign exchange and make transactions not only easy but also reliable, Shrey develops, manufactures and distributes helmets. Commenting on the announcement, Kings XI Punjab COO Fraser Castellino said, “We would like to welcome Nafex.com and Shrey to the Kings XI Punjab family. The energy and vibe of both Nafex and Shrey is youthful and vibrant which is in sync with our franchise’s attributes. With the support of our fans and sponsors, we are all set to take to the battlefield with great zeal and excitement.” Kings XI Punjab recently announced partnership with Air Asia and HTC Mobiles. Existing sponsors of the franchise for CL T20 are Tata Motors Prima, Flying Machine, Prayag, Britannia, McDowells and TK Sports. The team will play its first match against Hobart Hurricanes on September-18-2014

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Traditional Options to Buy Foreign Currency

Going to Abroad? Need Forex , Here are some traditional options to exchange currency.

1) Money exchange at banks: Buying foreign currency in banks is safe & secure but banks will charge little bit high currency exchange fees. Moreover, banks will offer exchange services for their account holders.

2) ATMs: Some ATM cards can be used all over the world. Check with your bank to see if your card works in all ATM machines across world.

3) Airports & Hotels: Airports & big hotels have foreign money exchange desks where you can convert your money. But this is not advisable method for exchanging your money they will charge high as a foreign exchange fees.

4) Credit cards: Credit card companies generally charge 2 to 3 percent for all foreign transactions. But few companies’ offers free foreign transactions, this is the best option for travelers & business professional who often travel to abroad. Get this type of credit card to avoid paying high foreign exchange fees.

5) Local Money Changers: Finding money changers near to your place is best option. Changing money without rbi approval is illegal, finding rbi approved money changers is really difficult. To make your job easy we, Nafex Helping to find rbi approved money changers nearby your location. Just you need to fill your requirement on our website @ nafex.com, as soon as filling your requirements you will get calls from rbi approved money changers nearby you with best rates.

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Travellers can purchase foreign exchange even 180 days prior to the travel date provided they can produce the required documents. However, most travellers prefer to buy foreign exchange 3-4 days prior to their scheduled departure as they do not like to block their cash.

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#forex transaction #forex

The Reserve Bank of India (RBI) is working to liberalise its foreign exchange rules to make it easier to do business with Asia's third-largest economy, Deputy Governor H R Khan said on Thursday, a step that could support flagging exports.

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Bitcoin is trading slightly up from its interim lows. Yesterday's bottom at $273.93 got retested again with BTC/USD hitting $273.95 this time around.

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Nafex.com aims at providing customers with a quick and convenient experience online, by getting them best rates on #Forex from RBI approved money changers.

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Foreign exchange rates of major world currencies. Compare key cross rates and currency exchange rates of U.S. Dollars, Euros, British Pounds, and others.

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Best Online Foreign Money Exchange Platform-Nafex