![]() However working against you are the fees all foreign exchange providers charge for providing their service. Generally speaking, if you are buying Canadian dollar with Indian rupee, then it's better for the INR/CAD exchange rate to be higher. ![]() The key is reducing excessive costs and fees Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both INR and CAD at close to the interbank rate.Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.You can do this easily with our BER Smart Rate Tracker. Try to make your transactions when the exchange rate is in your favor. Timing is important: Keep an eye on the INR/CAD rate on currency markets, as exchange rates can fluctuate frequently.Shop around for the best INR/CAD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.There are several ways to save on exchange rates when converting Indian rupee to Canadian dollar: How to get a good INR to CAD exchange rate
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |