Euro to inr conversion charges: Travelling abroad? Load your cash on forex cards

Nitin Motwani, co-founder and chief technology officer, BookMyForex, an online currency marketplace, said that the difference in terms of prices is quite significant as physical currency is in short supply during summer. “The currency rates are higher than card rates by as much as a rupee. This higher demand does not affect the rates that you get on forex cards because a forex card is a pure banking product,” he said. This means there is an unlimited supply of forex through cards as there is no physical currency involved. The forex card rates are very close to inter-bank rates, said Motwani.

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