Forex has become the need for not only those business people but also the common people. With the demand rising to new highs, it's common that many service providers to come into the frame. And so, the risk of fraudulent money changers will also increase.
As a common man, you can exchange currency at three places. The first one is at the airport exchange counters. These are expensive since it will be the first option to exchange currency for a traveler when he lands and the last option for a traveler who is leaving. They have higher exchange rates and higher conversion charges. The second place you can exchange currency is at the banks. But since the primary function of a bank is not the forex they tend to focus less on this domain. Which in turn contributes to less competitive exchange rates of foreign currency and conversion rates. So, you don’t get enough value for your money.
The third place is the best place you can get your currency exchanged and this could be the worst place too if you don’t care about things that are to be said. It is the forex dealers. To know about them, google currency exchangers near me and get the names of service providers in the area. Then verify if they are authorized by the RBI to do forex services and also read about the reviews, their customers have to say about them. And at last, compare the exchange rates offered by them. It will help you to find the best value for your money.
And if they have an online portal, you can trust them and buy currency online since the service you get when you visit their office and their website will be almost the same and sometimes even better, since you don’t have to wait in queues and travel from your home to their office.