Business Standard

Thursday, January 09, 2025 | 10:31 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tipping Point: What is the cheapest way to carry currency abroad?

The US dollar is universally accepted

Dollar, US, $, Inflation
Premium

Business Standard
What is the cheapest way to carry currency abroad? 

Compared to currency notes and traveller's cheques, forex cards work out to be cheaper. For currency notes, a forex dealer can charge three-five per cent extra for each unit of currency. A few online portals provide forex cards at interbank rates. If you are going to more than one country, you can take a multiple-currency card.

Is taking the US dollar more convenient when travelling to a small country? 

Yes, it is. Instead of carrying Indian rupee as a buffer, a traveller should take the US dollar. The US dollar is

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in