|
When you're travelling abroad, banks and legal moneychangers
offer the best rates when you need to exchange one currency
for another. Here are few steps and tips to help you get better
exchange rates.
Steps:
Look in the business section of the local newspaper for
the current exchange rates.
Find a legal moneychanger or bank, which offers better rates
than an airport or hotel. If you withdraw money from an ATM,
you'll receive the bank's exchange rate, but you may incur
transaction fees.
Show the teller your passport.Use your own calculator to
ensure the accuracy of the exchange.
Count the money before you leave the desk (taking your
own time).
Get a receipt. Customs officials won't ask to see it, but
it's always a good insurance policy to have one when you've
exchanged money.
Tips:
Exchange a small amount of money before you leave for your
trip so that you're not forced to exchange currency at the
airport upon arrival.
It is better to keep it in mind that some banks do charge
commission on encashment of Travellers' Cheque and foreign
currency. But moneychangers generally don't charge commission.
Moneychangers often don't exchange coins, so spend your
loose change before you leave.
It is always advisable to use Travellers' Cheque as it
minimizes risk.
Don't use a credit card, as the "cash advance" fees and
interest make exchanges costly.
For further details, contact:
Thomas Cook (India) Ltd.
Foreign Exchange Department
55, M G Road, Bangalore 560001
Phone: 2558 1339
|  |
|
11:37:39 PM 
