US$ or EUR? |
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Jun 5th, 2006, 10:07
| #1 |
| Member  Join Date: May 2006 Location: Mumbai, India
Posts: 80
| US$ or EUR? Coming to India from Thailand, should I exchange my Thai Baht into US$ or Euros? Does it make a difference? |
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Jun 5th, 2006, 17:48
| #2 |
| Member Join Date: Apr 2006 Location: Bangalore
Posts: 22
| Only that the euro is holding its value better than the dollar! Both are widely accepted for change in India, so is the British Pound. |
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Jun 5th, 2006, 19:19
| #3 |
| Member Join Date: May 2006 Location: Mumbai, India
Posts: 80
| In Thailand I can make the exchange THB-EUR without paying too much commission. How about in India? Do I save money by exchanging at the airport, or by exchanging at a bank? Is there a third option? |
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Jun 5th, 2006, 20:25
| #4 |
| Member Join Date: Jun 2005 Location: Slovak Republic
Posts: 1
| I had changed at private exchange, and the rate was the best. Also they pay you immediately, in bank you have to fill too many papers. But of course you need declaration of exchange when you want pay in rupees at railway stations. |
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Jun 6th, 2006, 00:04
| #5 |
| Guru  Join Date: Sep 2004 Location: Hollywood
Posts: 4,729
| deposit the money in your bank account and use ATM cards. You will probably get the best conversion rates -- barring the premium you may sometimes get when you convert foreign currency in India illegally. |
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