The ‘Millennium City’ or Gurgaon that has emerged a hub for corporates and a hotbed for entertainment sees a steady flow of outgoing and incoming international tourists. 

If travel is a big part of your life and you are looking for the best avenue for best money exchange in Gurgaon but are unsure about how and where to start your search, here are a few points to get the best deal in town. 

The most critical points to tick off on your list would be the trust factor and value for money. And both of these aspects come into question if you are opting for just any best currency changer in Gurgaon. Instead of running from one currency changer in Gurgaon to another to get the best rates, why not visit an online forex marketplace that can compare rates on offer from banks and other forex dealers and then offer you the best rate, saving you time and money. 

Online forex companies like BookMyForex even allow you to “Freeze the rate” of your choice by paying a 2% upfront (refundable) and then complete the order at that rate within three working days. In fact, you can now choose this option even for international money transfers. 

That’s not all, you can buy all forex-related products from a single portal and even save big on combo offers when buying multiple products such as currency notes and travel insurance together. Don’t forget to check for city specific discounts, look out for promotional offers, and opt to pay online or by cash at the time of delivery. What’s more, you can even ask for the same day door delivery facility. 

And just to show you that money exchange in Gurgaon can be that much simpler, BookMyForex also provides an exhaustive list of do’s and don’ts on the website. Talk about a one stop shop for all your forex needs! 

For enquiries, visit www.bookmyforex.com or call @ +91-9212219191.

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Known for its splurge of colour and rich array of delicacies, Jaipur has always been among the most preferred destinations to unwind  for both domestic as well as international tourists. The rush of international tourists is so high that currency exchange in Jaipur has emerged as a huge market . 

Before beginning your hunt for the best foreign exchange in Jaipur, it is good to update yourself on the easy ways to get the best rates in the market.

• Compare and contrast – Some online marketplaces like BookMyForex offer you the most competitive rates for currency exchange in Jaipur after comparing the rates on offer from various banks and currency changers so you can get the best value for your money.
• Flat rates Vs live rates – Normally, money exchangers offer flat, daily rates that are heavily padded with their own profit margins. Switch over to online exchangers who provide live rates that are updated in real time from the forex market and save 2%-5% on your transaction.
• Heavy commissions or zero commissions – While the traditional exchangers in the market charge heavy commissions when it comes to currency exchange rates in Jaipur, some online marketplaces are able to live up to the promise of zero commissions due to the partnerships with different banks and exchangers.
• Online ease-of-transaction – While working with an online exchange portal, not only do you have the huge advantage of being able to transact from anywhere and at any time, you can also check the entire range of products online and pay for them directly via credit/debit card or net banking.
• Value additions – Before you complete the transaction, do check out for city wise deals, promotional offers, combo offers and loyalty rewards that can sweeten your deal.
• Door step delivery – The icing on the cake is that you can even get your order home delivered. Convenient, isn’t it?

Your hunt for the best foreign exchange rates in Jaipur just got a lot easier. Just get online. You could visit www.bookmyforex.com/currency-exchage/jaipur  or call @ +91-9212219191.

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With many online marketplaces entering the fray in the money exchange market, there is no dearth of reasons why one should switch over from the traditional methods of buying forex to an online currency changer in Chandigarh. Money exchange in Chandigarh had never been such a cakewalk!

If you are considering switching over to an online currency changer in Chandigarh, then here’s how you stand to gain:

Transparency – Online money exchange companies like BookMyForex make the process more streamlined and transparent since they operate at live and real time rates, thereby leaving no scope for you to get short changed. The company offers a platform where you can get the best rates from different banks and forex dealers for best money exchange in Chandigarh. You can save as much as 5% on your transactions in the process. You can even  “Freeze the rate”,  whereby you simply pay 2% upfront and enjoy a window of 3 working days to complete the transaction at the selected rate; not having to worry about currency fluctuation.

Convenience – All you need to do is get on to the website, choose from the wide range of products and services on offer (currency notes, prepaid travel cards, TCs, DDs, money remittance services , travel insurance etc.) and complete your transaction (including the payment) at the click of a button. For added convenience, you can even opt to have the purchased products delivered right at your doorstep. The documentation required to complete the formalities are also clearly mentioned on the portal to avoid any last minute inconvenience.

Complete value for money –Look out for the regular city discounts, loyalty referral rewards, discounts on purchasing different products together etc. to get the best value for your money.

With an online money exchange in Chandigarh you have the freedom to book your order anytime anywhere! So play smart and switch over to an online currency changer in Chandigarh today.

You can login at https://www.bookmyforex.com/currency-exchange/chandigarh  or dial +919212219191 for more information.

 

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Lady Luck’s dazzling grin sets the balls rolling and an exultant flight of fancy coalesces to concreteness elating you to cloud nine! Your long enshrined desire of studying overseas embodies a reality. Beyond a shadow of doubt criss-crossing every impediment, you’ve finally spiralled to the study hub. When the initial euphoria evaporates in a puff of smoke, the inevitable burden of paying mammoth overseas tuition fees and avert it from stacking up dawns to you.

Well, the art is not in making money, but in keeping it. It is so imperative not to thrust aside cost savings when making outward remittances to educational institutions.It indeed pays to hunt down the best deal as foreign currency specialists can save between 1-5% of the value of your international transfer. 

Here are the best ways to transfer fees from India to a foreign university:

1.      Wire Transfers 

If you are in a rush to remit money abroad, your only viable alternative is an online one, i.e., wire transfer and the National Electronic Funds Transfer (NEFT) system for a faster and a hassle-free transmission.Outward Remittance through wire transfer is a highly secure and efficient method to remit money abroad which ensures safe transfer of your bucks. This is done through a procedure with overseas correspondent banks and takes place in real time. It is expensive as compared to a DD due to dual conversion charges, because along with the remittance charges that you pay to the home bank you also have to pay a fee of USD 10 to USD 40 to the foreign bank involved. Being a clever customer, you should look for a best currency exchanger centre that offers you the best rate. BookMyForex.com, tailored specifically to suit your individual forex requirements, can help extensively condense the cost by finding you the best exchange rates and lowest remittance fees.

2.      Demand Drafts 

The facility of Demand Drafts in foreign currencies is the most unsurpassed mode on condition that the student is in India itself and carries the DD along with him as there is no intermediary bank fee levied on a DD for making payments abroad. You can courier the DD to the beneficiary, who receives payment from the drawee bank on presenting the draft if you’re not physically present. Of course, this offline mode is time consuming and it may take a span of 4 to 7 days for the recipient to receive the remittance.

3.      Credit/ Debit Cards 

Payment through credit or debit cards is also a good option, provided your college accepts the payment through card. Using a debit or credit card can speed up the time it takes to send funds, compared with using a bank. But using it might cost you more and you may face an extra credit-card fee from your issuer, depending on how the transaction is processed. Supplementary to this, keep in mind that most banks and financial institutions do not remit money on public holidays. 

Given a plethora of options, it’s about narrowing down on a mode of money transfer that suits you the best. 

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Have you ever wondered why you have to struggle to get the best foreign exchange rates each time you travel abroad? Why are the rates not fixed and vary from one vendor to another? These are good enough reasons that compel any customer to seek rates from multiple vendors before buying/selling forex, as there are chances of getting better rates.

Well, there are factors that control the foreign currency rates and you should know them in order to get a “better rate” without much hassle the next time you fly abroad.  

1.      Currency exchange rates keep fluctuating through the day

An exchange rate is the rate at which one nation's currency can be exchanged for that of another and it depends on many factors such as balance of trade, imports and exports, the prevailing interest rate in the country, relative Inflation and other national/international affairs. Therefore as the parameters keep changing, the currency rate fluctuates throughout the day, just like the stock market every few seconds. While some forex companies would quote the LIVE rate for forex, most of the banks and foreign exchange stores have one rate for the day for all currencies, and here’s the catch! Buying at live rates is a good idea since you have the freedom to buy, sell or remit forex when the exchange rate seems suitable to you rather than being compelled to transact at the ‘daily rate’ being offered.

2.      Season impacts currency rates

Come winters and people flock to destinations like Thailand, Dubai, etc., resulting in higher purchase of currencies like UAE Dirhams, Thai Bhat etc. As a result, these currencies are available at very high premiums in the winters. On the other hand, in the summers, very few NRIs or foreigners visit India, while many Indians travel overseas and hence most currencies are sold at higher premiums in the summer months and on discount in winters when the situation reverses. You can keep this factor in mind when planning your forex purchase. RBI allows you to purchase currency 60 days before your travel date. However you should have your travel documents in place. 

3.      Demand & supply game

The most common supply of foreign currencies in India is via inbound travelers who bring foreign currency with them. There are many foreigners, NRIs and returning Indian visitors that bring large amounts of common currencies such as US Dollars, Euros, UK Pounds etc. and hence there is a much better supply of these currencies in India as opposed to the Thai Baht, UAE Dirhams, South African Rand etc., where the main supply may only come from returning Indian tourists. Similarly, outbound travel to certain countries such as USA, Europe, Canada is high and that too impacts the rate of cash currencies of these countries.Therefore, most of the time, purchasing USD instead of local currency of countries like Thailand, UAE, South Africa etc. is more beneficial for the travelers. Try out the calculation next time and you’ll thank us for this tip!

4.      Region matters too

We know that the major source of cash currencies is foreigners and NRIs. Further there are specific cities in India where NRIs are settled. For example, there are many NRIs from US, UK and Canada that visit various cities of Punjab, Gujrat and other metros. Similarly there are large numbers of NRIs from Middle East that visit Kerala and other parts of South India.

Hence the cash currency rates for US Dollars, UK Pounds and Canadian Dollars are much lower in Punjab and the rates of cash currencies for UAE Dirhams or Saudi Riyals are lower in Kerala. On the same lines cash currencies are more expensive in cities like Bangalore, Chennai and Mumbai. Purchasing travel cards instead of cash would prove more beneficial to people residing in these locations. 

5.      Forex card rates don’t depend on demand-supply or location

Yes that’s true. Forex rates are dependent on inter-bank rates, i.e, the standard rates at which one bank deals with another bank.  There are no availability issues and the demand/ supply game doesn’t exist at all in forex cards. There are online forex companies offering zero cash withdrawal charges at ATMs in most of the currencies. Forex cards can thus provide sizable savings of 1%-3% of your forex spend.

Since you’re now aware that forex rates keep fluctuating due to various factors, make sure you use the “Better Rate Request”  feature on www.BookMyForex.com to receive a better rate quote on your forex deals. 

Normally, 8 out of 10 times the rate can be improved after reaching out to all their channel partners. Keep your currency purchase to the minimum and use the prepaid travel card for most of your needs abroad. Exchange your currency like a pro when you go abroad next time! 

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