Buy currency now for foreign trips in near future

Carry dollars in cash if you are going to a country whose currency is not popular

Tinesh Bhasin 

If you are travelling internationally in the next two months, it’s a good time to exchange your currency. The rupee has appreciated against all major currencies in the past two months. It has risen 6.1 per cent against the Canadian dollar, 4.7 per cent against the US dollar, 4.1 per cent against the euro and 5.1 per cent against the pound.   “A strong rupee may or may not continue in the future, especially around an individual’s travel dates. The current gains are good enough to lock-in a major chunk (60-75 per cent) of the foreign currency a traveller would need. ...

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Buy currency now for foreign trips in near future

Carry dollars in cash if you are going to a country whose currency is not popular

Carry dollars in cash if you are going to a country whose currency is not popular If you are travelling internationally in the next two months, it’s a good time to exchange your currency. The rupee has appreciated against all major currencies in the past two months. It has risen 6.1 per cent against the Canadian dollar, 4.7 per cent against the US dollar, 4.1 per cent against the euro and 5.1 per cent against the pound.   “A strong rupee may or may not continue in the future, especially around an individual’s travel dates. The current gains are good enough to lock-in a major chunk (60-75 per cent) of the foreign currency a traveller would need. ... image
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