Travelling tips - Get best forex rates in Mumbai

All set to take off for your next trip abroad? Here are some tips on how you can find the best money changer in Mumbai...
  • Buy currency only through an authorised dealer – For any foreign exchange transaction, you should only use the services of an authorized money changer in Mumbai or elsewhere, unless you want to risk getting into trouble with counterfeit currency abroad. 

  • Live rates’ are better than ‘daily rates’ – Do you know, as a norm all money changers in Mumbai offer currency at ‘daily rates’. BookMyForex, is the only forex Company in India to have broken this norm. We are the first ever money changer in Mumbai and across India to offer currency exchange at live and real time market rates. Live rates are far more attractive for buying, selling and remitting forex.  So the next time you need to do a forex transaction, check beforehand if your money changer in Mumbai offers ‘live rates’. 

  • Book forex online for best rates – Some ecommerce portals for foreign exchange offer extremely competitive rates for buying, selling and remitting foreign exchange. BookMyForex is one such online money changer in Mumbai. We also offer special discounts from time to time, which translate into even bigger savings for customers. When ordering online, you also have the advantage of booking an order from the luxury of your home and save a lot of time and effort in the process.

  • Low exchange rate, but high transaction fee...Don’t fall for it – Sometimes currency exchangers offer very low rates for currency exchange but the transaction fee or commission charged is high, therefore offsetting your potential savings. Take into account the total cost of the transaction instead of just the exchange rate being offered, when deciding on a money changer in Mumbai.

  • One-stop-solution for forex requirements – Wouldn’t it be great if all your forex-related requirements are catered to by a single money changer in Mumbai (since in addition to foreign currency notes you will need traveler’s cheques, prepaid travel cards etc. for your overseas trip)? So find a currency exchanger that works as a one-stop-shop for forex-related products and services.

We  hope these tips come handy when you do your next forex transaction.