3 things to keep in mind when buying forex

We always spend copious amounts of time seeking out the best flight rates, destinations and places to stay for our trips abroad. Shopping for resort wear, gifts for NRI relatives top the to-do lists. Inevitably, the task of organising foreign exchange with best forex rates in Ahmedabad, comes a poor second in all the frenzy preceding a trip.

Here are some things you should keep in mind to organise forex without breaking you bank balance:

• Arrange forex well in advance

Forex rates fluctuate all the time, so it is critical when you buy forex. Watch how the currency rates are going and if they are on the higher side, wait out to see if the rates are falling before doing the transaction. Online money changer in Ahmedabad, like BookMyForex, have special features to help you tide through the fluctuations.  Features like “Set a Rate Alert”, and “Freeze the rate”, help you to get alerts on your desired rate or lock in your transaction rate from fluctuations.  So, arranging forex well ahead of your travel date will allow you to take advantage of such facilities.

• Organise the best exchange rates at online forex sites.

The regular avenues for buying forex, like the banks and money changers, will not get you the best deal. A forex marketplace can be your best bet, since it connects you to the best  online money changer in Ahmedabad  without you having to go through the grind! They do all the work for you by seeking out the best rates on offer and get you the best quotes in your locality for a foreign exchange. These  best exchange rates in Ahmedabad from various are then compared, and the best deal offered to you, that too with zero margins or commissions! 

• How to carry forex not in cash?

Once you have decided on how much cash in forex to carry, you need to figure out how to take the balance. Travellers Cheques are not accepted universally anymore and bank credit cards attract huge conversion charges, and transaction fees, bleeding your money. Go for forex prepaid cards which fix the conversion rate you bought currency at and shield you from further fluctuations during travel.

Lastly, avoid the airport exchange outlets for buying forex as they have huge built-in margins. For maximum convenience, buy forex online for a worry free trip.

For inquiries, visit www.bookmyforex.com/currency-exchange/ahmedabad  or call 09212219191.