Forex buy rates india
Currently, 17 EU member states have adopted the Euro. It is the second-most traded currency on theforexmarket, after theUS Dollar, and a major global reserve currency. A significant number of Indians travel to Europe each year. Some of the Euro using countries like Germany, France and Holland are very popular among Indian students. Almost all the Euro using countries are very popular tourist destinations as well. Not only does Europe attract the solo Indian travellers but honeymooners and families as well.
Because of this high demand, Euro is the second most popular currency converted into or from INR. Send money abroad to Europe from India at guaranteed best rates. And you can do all this from the comforts of your home or office or even while travelling. Euro comes in coins and notes. The frequently used coins are of the denominations of 1,2, 5, 10, 20 and 50 cents.
The frequently used bank notes are in the denominations of 5, 10, 20, 50 and Euros. Although, higher denominations like and Euros exists but are rarely used. And BookMyForex, for the first time, gives you the option to Freeze the Rates you see on the site and get your Euros or Indian Rupees at the exact rates shown. This means a lot of exchange of not just man power but money as well. That is the reason for the popularity of USD to INR exchange There are plenty of places where you may not be able to find Indian Rupees and most other currencies would most probably not be accepted for exchange.
Because of its popularity, it is cheaper to carry US Dollars even if the local currency of the country you're traveling to, is available. This is because currency rates, especially of products such as cash currency and traveller's cheques are priced based on a demand supply relationship. You have the option to freeze in a rate for up to 3 days or you can set a rate alert for your preferred rate. When it reaches your preferred rate, BookMyForex.
Some money changers will quote you exceptionally good rates and shall give your door delivery too but you can't trust them as far as genuineness of currency is concerned and the hidden charges that they might demand later. There are many fake notes in circulation and there have been many stances of fake notes being delivered in exchange of USD. The hidden charges might come in the shape of inflated taxes which they shall not tell you while quoting rates.
At BookMyForex, the tax slabs are transparently mentioned on the site. We are present in more than cities through partner locations and provide door delivery in more than cities. So if you want the best rates and complete convenience in exchanging your USD, book your dollars here and relax.