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Euro Exchange is one of the most popular currency exchange in India. Euro is also denoted in by EUR and its symbol is €. We have recently launched our Android App thereby making the foreign exchange transactions super easy. If you wish to exchange your INR into Euro or Euro into INR in Hyderabad, you can simply do the transaction through online booking at www.bookmyforex.com or through BookMyForex Android Mobile App. Let’s tell you something about the currency and the benefits of exchanging your currency through India’s first marketplace for forex.
BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s EUR rate in Hyderabad” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the EUR is traded across the world electronically just like stocks, its prices also fluctuate. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s EUR rate in Hyderabad”. Little do customers know that in the name of “today’s EUR rate in Hyderabad”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to EUR price fluctuation on account of the EUR being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s EUR rate in Hyderabad” therefore, is just a means to exploit the customer.
It was year 1999 when the euro currency came into existence after the Maastricht Treaty entered into force in 1993. The treaty came into being with the goal of creating an economic and monetary union by 1999 for all EU states. It was in year 2002 when actual Euro coins and notes began to circulate and slowly it started expanding and overtook all the currencies that was in usage in European Union. European Central bank is the central bank of Europe and currently 17 EU member states have adopted the Euro. Euro is the second most traded currency after USD.
Apart from 17 EU Member states, many sovereign states that are not part of the European Union have also adopted the Euro such as Principality of Andorra, the Principality of Monaco, the Republic of San Marino and the Vatican City. Many territories, departments and sovereign states of Euro-zone countries like the Azores, Balearic Islands, the Canary Islands, Europa Island, French Guiana, Guadeloupe, Juan de Nova, the Madeira Islands, Martinique, Mayotte, Reunion, Saint-Martin, Saint Pierre and Miquelon are some of them. This shows the popularity of Euro.
There are several reasons to it as to why you should absolutely buy or sell Euros here. We operate on the best and transparent currency rates since we have tied up with hundreds of foreign exchange vendors, both banks and RBI authorized Money Changers. We take quote from them and display best rate to the customers on our site and App. Not only you are sorted on the rate front but you shall get ultimate convenience as well. We deliver Euros within 4 hours of booking in any part of Hyderabad. A customer support person shall be tracking your order and update you until you get your currency.
Since we deal into all forex products you can choose to purchase travel card or traveler’s cheque too apart from cash notes. If you need to transfer your funds to any account abroad, we shall help you in that too. Moreover the charges for the remittance will be the lowest in the Industry and you can get special discounts if you are a student. As an online company, our aim is to provide best deal to our customers without taking any commission from them and thus you will find attractive offers running here time to time. So look no further and book your Euros here.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India’s leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.