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EURO to INR: Buy or Sell Euros at Best Rates

A peek at Euro as an official currency of European states

Amongst all the other currencies, Euro is one such currency that is used by 19 states of the European Union. The Eurozone is the term used for the states in a group and the Euro stands as the second highest when it comes to the currency exchange market. The Euro is majorly used by renowned Institutions and a group of members of European Union. Since Euro seems to be the most served currency after US dollar, it also proves to be the most valued currency in circulation on the globe.

The Euro being the official currency of European Union and the name euro was adopted on official terms on 16 December 1995 and was brought to public on January 1, 1999 as a currency meant for European countries. Although 28 states belong to European Union, out of those 19 states such as Austria, Finland, Malta, Cyprus, Slovakia, Slovenia, Ireland, Luxembourg, Germany, France, Belgium, Italy, Netherlands, Spain, Portugal, Greece, and Estonia are using euro as the currency.

Where Can I buy euros?

Europe is one such astounding places for holiday makers and the best spot to buy Euro in India is through Orient exchange! And the reason being that the euros are offered at the best exchange rates at more than 20 major cities across India. Since orientexchange is one of the oldest ever service providers to do with Foreign exchange; they are renowned in providing the best service to the clients. Even before the individuals get headed to Europe, the INRs can be exchanged to euros via online portal and the orientexchange too will reach the specified locality to deliver. Orient Exchange also provides its customers with the prepaid forex cards loaded with Euro, those being safe, easy and can be made usable during the trips.

Which countries you Can Travel with the euros?

Currently, a major part of Europe is rampantly using Euro as its currency. Post-unification of Europe in 1999, eleven countries were a part of the economic frame of Europe. The European membership has been an aspiring one and the European organization is well-known when it comes to providing crucial support systems to several countries. Finally, most of the countries were found to be using the most popular currency-the euro in the year 2002.

To keep things really simple, all 23 countries have been found to use the euro, that is exactly making things easier for travelers as well such and out of them the 11 countries include Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, San Marino, Slovenia. The Netherlands, Portugal, Spain and the other 14 countries that use euro are, Andorra, Cyprus, Slovakia, Estonia, Greece, Kosovo, Lithuania, Latvia, Montenegro, Malta, Monaco.

Though, Andorra, Kosovo, Montenegro, Monaco, San Marino, and Vatican City do not seem to be the members of the European Union. Even then they have achieved benefits after the adoption of the euro. Euro also seems to be the most powerful currency on the globe.

Best place to buy Euro in India

The best option to achieve the best euro buying rate in India is through orient exchange that offers amazing rates for both INR to EURO and EURO to INR across more than 20 major cities in India. All you have to do is to proceed with your rates and find the best rates for both buying and selling all over India. Below is the procedure to go about booking your requirement:

  • Choose your city, proceed with your requirements via online.
  • This will lead to orient exchange center with the best-in-class services close to you will be chosen.
  • The orient exchange center will provide you required delivery services as well as pick up from the respective location.
  • There are options open to track the services until the delivery is closed with the customer.

In India, euros can be bought in the form of cash or can be loaded on card. Best plan is to buy euros in both cash and cards. Cash can be used in emergencies or petty expenses like at Airports or tips and Card for all other purposes. Travel Cards can be swiped for free and can be topped up even during the trip. Due to the constraints of supply, the cash euro costs a little dearer than the forex card, that seems to be at ease.

Where to get best rate for Euro in India?

Both the Euro in cash notes and the card can be bought from:

  • Banks
  • Airport Kiosks
  • Local Vendors
  • Online Portals

Banks provide necessary provisions according to the needs of their own account holders and tend to hold a huge margin. Airport’s kiosks are costliest option because of the high margin and service charge owing to high infrastructure costs. The concerned local vendors seem to be a handy option too, but again the incidents of counterfeit notes are rampant and the chances of working out on orient exchange forex cards is remote.

Online suppliers belong to two categories such as

(a) Market Aggregators - Those who are aggregators and has to depend on local vendors for procurement & services. Aggregators uses the services of local vendors or money changers to service their clients. Quite often the pricing may be on higher side due to loading of aggregators margin over and above the margin of service providers. Again, it is beyond the capacity of these aggregators to maintain the quality as they are dependent on others.

(b) AD.CAT- II having their own portal - Orient Exchange, who being importer & exporter of foreign currency can give the best rate for EURO currency as well as forex card and Wire Transfer. Orient exchange staffs are well experienced in dealing with currency notes due to their daily exposure and chances of counterfeit notes tend to nil. Customers also have the option to visit any of orient exchange own branches. Needless to say, orient exchange is duly authorized by RBI, and act in accordance to the guidelines of FEMA.

How to sell your leftover euros?

You might require to sell your leftover currency in order to comply with the local laws or to use your financial recourses in better way. Sometimes the currency notes prove to be useless if they become out of use and it may go waste too. Even Foreign Tourists or NRIs may need to exchange EURO to INR to manage their expenses while staying in India. Orient Exchange is one such option that helps you to freeze an exchange at the current and excellent rates. You simply need a passport to exchange such leftover currencies both in cash and card.

How to Book Currency/Card in 6 easy steps

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