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Looking for the best Euro rates in India? Look nowhere now, just check the full rate card at BookMyForex to check the live Euro to INR rates today and convert your Indian Rupees to the European currency online at the best Euro rates with the comfort of your home.
Euro is the official currency of as many as 19 members of the European Union. Euro is also the second most traded currency in the world after the US Dollar. Euro is abbreviated as EUR in the international currency exchange markets and symbolically represented as €.
Europe is one of the most sought travel destinations by Indians travelling abroad and therefore, INR to EUR as well as EUR to INR is a popular currency conversion type. Since the Euro has been one of the most traded currencies in the world, it has been quite stable in the last few decades. However, events such as global slowdown as well as Brexit, have triggered some volatility in the Euro from a short term perspective.
If you look at the 5-year data of Euro to INR exchange rate, it has traded in the Rs. 69 to 84 band with a mean average at about Rs. 76.
Fixed vs Live Rates: BookMyForex enables the customers to convert INR to EUR at live and direct rates, unlike licensed banks offering foreign exchange at fixed rates for the day. Only on the BookMyForex forex rate page can you get the latest Euro rates.
Setting the whole day's EURO exchange rate pushes banks and other money changers to keep the higher margin throughout the day to protect against any unfavorable deviations. On the other hand, BookMyForex offers the most optimized foreign currency rate to its customers and thus passes the benefit on to its customers in the form of a stronger exchange rate.
Individual vs Aggregator:BookMyForex first compares EUR rates among 100s of currency exchanges close to your location as a digitally driven currency exchange marketplace and provides you with the best EURO exchange rates. We have special tie-ups with several banks and other approved suppliers that allow us to provide our customers with the best offer possible in the region.
Institutional Expenses:At the physical level, most money exchangers in India have an operational structure that includes different types of fixed costs, such as rent, wages and other overhead costs. The fundamental economic rule tells us that all of these costs are eventually paid by the consumer in the form of higher fees and purchase rates.
Since we are a fully digital platform, BookMyForex saves the price and passes the gain on to consumers in the form of the best foreign exchange rates on the market.
At BookMyForex, the centre of our focus is our customers. BookMyForex.com puts customers first and provides you with the best Euro to INR Exchange Rates in India.
Live Rates: While other money changers provide your foreign exchange at a fixed rate for the day in the name of “Today’s Euro Rate”, BookMyForex lets its customers buy or sell Euros at the live rates. As the currency exchange market is highly volatile in nature, purchasing forex at live rates can save you some significant amount of money.
Best Euro Exchange Rates: BookMyForex.com shows you the base interbank rates that you can see on Business News Channels and online Search Engines. BookMyForex scans through rates quoted by 100s of money changers in your area and provides you with the best exchange rates. Our currency converter calculates rates based on the interbank rates or mid-market rates. You can buy & sell EURO or transfer EURO at the rates shown on our site, there is no hidden charge levied for currency conversion.
Rate Freeze Facility: BookMyForex.com allows you to freeze the live Euro to INR rates on our site at any moment for as much as 3 days against a refundable advance of 2% of the transaction amount. You can also set the rate alert on our site which will notify you via email when the rates touch the level that you want.
Money changers around the globe use a static rate for EURO to INR exchange. This rate is sometimes termed today's EUR rate or EUR rate today. There, however, exists no such thing as a Euro Exchange Rate Today as currency exchange rates are dynamic and change in seconds. Euro rates, just like the rates of any other financial security keep changing with every passing second.
Most currency exchange companies in order to earn profits add large margins to these today's EURO rates that they publish. This way they are able to protect themselves from the fluctuations in forex rates throughout the day.
BookMyForex.com, however, has brought a transparent and excellent live rate mechanism which allows razor-thin margins, thanks to our innovative and robust technology infrastructure, excellent banking arrangements and the pervasiveness of the Internet. You get to exchange Euro to INR at live rates that update regularly.
As you can purchase foreign currency from multiple places, it is always better to compare rates and features across the platforms. Since the online currency exchange marketplaces function on the aggregator model, it is highly likely that you will get the best Euro rates with a trusted marketplace. You can buy/sell Euro or convert EUR to INR in 4 simple steps as mentioned below:
Step 1: Visit BookMyForex.com or simply call at 9212219191
Step 2: Select your currency that you want to exchange and enter the amount. Here you can select Euro to convert INR to EUR
Step 3: Upload your KYC documents which include your Passport, Visa, Air Ticket and PAN Card details.
Step 4: Make your payment and get Euros delivered directly to your home.
Currency rates are specified in the currency exchange market as either a buying rate or a selling rate. The purchasing and sales prices will vary from bank to bank, and other money exchangers will quote a different rate.
Here, for example, let's talk about the Euro (EUR). A purchasing rate for EUR is when the EUR can be bought from the exchanger (a bank or a money exchange vendor). On the other hand, today, a sales rate will be at which you could sell EUR to the bank or other suppliers.
It's not just about finding the best rates for purchase/sale. We provide much more value in form of user reviews, detailed info about the forex providers and optimize the results according to customer’s needs.
In case you are planning to visit Europe, it is better that you get your Euros in India only. Firstly, you would get better INR to EUR exchange rates in India than in Europe. Secondly, you can carry only upto Rs. 25,000 in cash to a foreign country which means you can exchange INR to EUR in Europe for a very limited amount.
Unless you are willing to pay anywhere between 3% to 5% more on your debit/credit card transactions, you should get your Euros well before going to Europe to avoid any last-minute hiccups.
You can visit the full rate card of BookMyForex which provides live currency exchange rates of more than 20 foreign currencies. In case, you want to buy Euros at a particular rate, you can set a reminder using the Rate Alert Feature of BookMyForex where you would be notified as soon as the EUR exchange rate strikes the pre-set level.
You can buy or sell Euros from multiple places such as from a nearby bank, a local money changer, at the airport itself apart from purchasing it online. However, that would involve making in-person visits to the bank, haggling to get better rates and going through a complex documentation process. Still, it is not guaranteed that you would get the best exchange rate.
On the other hand, if you decide to buy or sell Euros online with a trusted and well-known currency exchange marketplace, you save your time, effort and money. BookMyForex is an RBI authorized currency exchange marketplace where you can place your order online at the best Euro rates with the comfort of your home and get it delivered directly to your doorstep.
Although you can exchange Indian Rupees to a Euros (INR to EUR) at the Indian airport also but that would not be an economically prudent decision. Money exchange at the airport can cost you dearer by anywhere between 5 to 7% which turns out to be a significant amount in absolute terms. In fact, buying foreign currency at the airport is the costliest option. Therefore, currency exchange at the airport should only be done if no other option is left
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|(EUR)||Indian Rupee (INR)|
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