Avoid currency exchange at airports

Mumbai: If you are travelling abroad or returning to India, you are advised not to exchange foreign currency at the airport, for you could lose up to 10-15% on the rates offered, as compared with that at other exchange outlets in the city.
According to one forex agency operator, while the loss on exchange of US dollars or British pounds at the airport exchange counters ranges from 2.5 to five per cent, the difference in the case of Gulf state currencies is considerably higher, apparently because of their lower value.
“As travellers have to pay more for foreign currency at the airports, we advise them to carry prepaid multi-currency forex cards or travellers cheques,” said Sunny Sodhi, COO, corporate travel and head supplies relations, at Yatra.com.

He said travellers should plan well in advance about the amount of money they intend to carry and exchange only a small part of it at the airport.
Read News In Full 29/12/13 Daily News & Analysis