Ignorance is not always bliss, especially when it is about forex.
Reputed banks and money changers have come up with various smart solutions to
make forex transactions easy for veteran traders as well as for individuals who
are new to the entire set-up. Over the years, interpersonal relationships
between Thailand and India have strengthened to a great extent. Be it travel to
some of Thailand’s exotic locations or trading of goods like electronics,
automobile parts, jewellery and accessories, India has been a significant
source of income to Thailand and vice versa.
Foreign trade involves foreign currency. Thus, it is important to
understand that the THB to INR or INR to THB conversion rates play a
pivotal role in the whole game. While purchasing forex online or from a bank,
one need to play it smart and choose a scheme/policy that suffices their requirement
perfectly.
Go online for smart forex remittance
There are various ways to buy forex currency. You can either approach
a reputed bank in your area or opt for an established online vendor like BookMyForex. Going online will offer
you a range of benefits. For example: you will have an idea of the best
exchange rates; it is time saving; and hassle-free.
Also, online money changers like BookMyForex
will offer you various mediums to carry or buy forex so that you can select
something that will suit your convenience by all means.
Here’s a list of some:
●
Forex card: If you are travelling to Thailand for leisure
and do not wish to bear the hassle of converting INR to THB, followed by carrying and counting thick stash of cash,
during your stay there, the Forex card is just the
card for you. It is a travel prepaid card that is widely accepted by most
international hotels, shopping malls, restaurants, and boutiques.
●
Wired money transfer: This method is apt for medical reasons and
emergency situations. Online money changers like BookMyForex charge no amount whatsoever if and when you have to
transfer money to someone in Thailand or anywhere abroad. International wire
transfers are processed using the SWIFT protocol and require the customer to
enter the beneficiary's personal and bank details.
●
Traveller’s cheque: An online search will give you a list of
banks and credit unions that offer the traveler’s cheque near your area. If you do not have an existing account with
the bank, it is likely they will charge you a higher amount than the usual.
But, traveller’s cheques are a safer option than currency notes while
travelling abroad.
● Demand draft: It is one of the safest methods of making payments abroad. Students
pursuing short-term or long-term education in Thailand or anywhere across the
globe generally prefer the usage of demand drafts for easy remittance.
Smart travelers do not lack
foresight. Nowadays, you will hardly come across people hopping around the
airport for currency exchange. Most people prefer taking the online route as it
is quick and easy, and provides exchange rates that are live up to that
instantaneous second. Choosing an online money changer over a bank can prove to
be beneficial in many ways. If you are new to the whole set-up, here is a list of
some important points that might give you a clear picture.
●
The INR to THB or THB to INR conversion rates displayed
at platforms like BookMyForex are
taken into consideration only after market research and comparison of rates
between other banks and money changers.
●
The probability of finding the best exchange rate, online, is
extremely high.
●
Most online money changers alert you in case of a hike or downfall of
the currency you have been following.
●
In addition to the above point, online money changers also give you
the opportunity of a freezing a rate that is most suitable to you and your
needs. This lock-in facility is available at a nominal and mostly refundable
cost.
●
Online money changers have an extensive customer support program. They
can be reached on various platforms like email, LinkedIn, twitter in case you
come across any difficulty while carrying out a forex transaction.
● Uploading and verification of important
documents is easy and does not require much time.
BookMyForex is an authorized money exchanger regulated by
the Reserve Bank of India. It specialises in buying and selling of forex, and
overseas remittances at competitive prices.
Visit more at: https://convertforeigncurrency.blogspot.com/2019/12/how-to-get-best-us-dollar-rates-or-usd.html
