Keeping Off Foreign Currency Exchange Hassles

By Author: Nitin Motwani
Total Articles: 12
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In Delhi-NCR, you can get the foreign currency you require right at your home or office. Reputable companies will provide you service at favourable rates. They may also have tie-ups with banks, which will provide you the flexibility of getting the currency as well as forex instruments.

Purchasing foreign currency is one of the essential things to do when going abroad. You may be hard-pressed for time waiting for your turn at the foreign-exchange counters. Yet, you have to do that as you need local currency in your wallet when arriving at your destination.

Another thing you want is to avoid high exchange rates and fees. Every penny saved adds-on to your cash for the trip. It is certainly better to use it on other means than to pay out as commission.

There are services that provide you a convenient, secure and affordable way of getting foreign currency. You get an array of advantages including delivery of foreign currency right at your home or office. You also find the best exchange rates with a currency price-protection option.

When dealing with these services, you save on the surcharges you pay ...
... when using your credit card for currency purchases abroad. Reputable services have no hidden fees, so you just need to pay the current exchange rate and that too delivered at your door-step for free.

Most often, these services work in collaboration with banks, so if you want foreign exchange products, you can visit the nearest branch to collect forex or the instruments like pre-paid travel foreign currency cards, traveller’s cheques and demand draft. You can also use their wire transfer service for remitting money overseas.

A major forex exchange service will usually deal in all major currencies like US Dollar (USD), Euro (EUR), British Pounds (GBP), Australian Dollars (AUD), New Zealand Dollars (NZD), Canadian Dollars (CAD), UAE Dirham (AED), Saudi Riyal (SAR), Swedish Krona (SEK), Thai Bahts(THB), Japanese Yen (JPY), Swiss Franc (CHF), Hong Kong Dollar (HKD) and Singapore Dollar (SGD).

In an urban area like Delhi-NCR, the request for forex is usually processed and delivered the same day. If it has been received late, it is processed on the subsequent working day. Quick service is the basic element of any such facility.

It is important that you compare the exchange rates available with various service providers as there may be difference in their exchange rates. If you are planning to get a large sum, you may be able to save considerable amount of money if you are careful when doing the transaction.

Reputable service providers link their system with the prevalent exchange, allowing their customers to get foreign currency at the current rates. Moreover, they also offer them the facility to freeze the rates, which simply means that the customers can lock the rates which they find most suitable. They may buy the currency later but within specific period of time as conveyed by them. Once you freeze an exchange rate, you need not worry about any fluctuation in the currency exchanges rates.

For foreign exchange in Delhi, you can find providers who will provide you with favourable rates as well as convenience. So do a bit of research and walk off the hassles.

The author of this article is associated with BookMyForex, a leading online money exchange and remittances portal. For forex exchange in Delhi, there are few providers better than them.