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Frequently Asked Questions (FAQs) INR-EUR

Is there a ceiling of rupees from India that I can change from an online supplier in France when I change rupees from India to euros? Abrir Respuesta

Normally, travel money providers in France have high limits for a single Indian Rupees to euro currency exchange. Or for any other holiday money ypour wish to change to euros.

These maximum quantities are imposed by the Banque de France. They are related to the money laundering prevention regulations and KYC (Know Your Customer) obligations.

Nevertheless, these exchange ceilings normally range between the equivalent of rupees from India to 3,000 and 5,900 euros, which is a lot more than what a traveler needs for their travel expenses.

I have previously exchanged Euros to rupees INR, what can I do if I have remaining rupees INR when I return to France? Abrir Respuesta

When you return from your trip, you can exchange your leftover currency, only banknotes, never loose coins, (rupees INR in this case) at your bank or your closest currency supplier.

Check the INR-EUR rates first and make a comparison on Comparer Devise to find out the better location. If you go to your bank, bear in mind that your bank will impose on you, once again, a fee near to 3% with a minimum of 6 to 9 Euros (the largest of the two).

Is it advisable to make an online reservation of INRs for euros in France? Abrir Respuesta

Without doubt. Comparer Devise has been analyzing the the foreign currency players in France for over five years and we know that, depending on the currency you want to change, some currencies are easy to accept in exchange for euros but other less frequent ones aren´t.

Normally the INR-EUR price is cheaper when you order them online to collect them in store than if you go directly to the currency supplier office.

How does the ISO to EUR currency exchange work? Abrir Respuesta

Currency exchange is a business like many others: you have individuals who buy and sell currencies like the Indian Rupees in exchange for euros to/from a retail company (the one that sells/buys from us rupees INR).

If they do not have enough amount of rupees INR, they buy this currency from a wholesale company. The difference between what they have paid for the rupees INR and what they charge you when you demand them is the profit margin they make.

Nevertheless, in this currency exchange market, it may be the case that the currency provider or bank will not buy the notes from a wholesale company, but instead obtains them from a consumer flying to to France with rupees INR.

In this case, in addition to obtaining a margin for buying the Indian Rupees notes from this individual, they apply to you another margin when they offer you the currency. Double win!

How can I get the best Indian Rupees to euro exchange rate today in France? Abrir Respuesta

To get the best Indian Rupees to euro exchange rate, we advise you do a search on Comparer Devise.

You will find out that a column appears in the result page that claims INR-EUR exchange today.

Next examine the number below for every currency provider. With reference to banks, we display an median price, however bear in mind that practically all of them in France apply, in addition to the price, a fee of 2.5 to 3per cent normally, with a minimum of between 6 to 10 €.

The exchange rate you see is known as the Indian Rupees to euro direct exchange rate, and the higher that number is, the more Euros you will acquire for each ISO you hand in. Comparer Devise compares the exchange prices every day so that you acquire the best foreign exchange every day when you change rupees INR to euros.

Where to change and where not to change INRs to euros in France Abrir Respuesta

We do not recommend selling INRs to euros at the french airports. This should be your last alternative, as it is the least cheap.

We also do not recommend doing a INR-EUR currency exchange in a french bank since almost all banks in France impose on you a 3% fee, with a minimum (whichever is higher) amount between 6 and 10 euros. Unless you are able to negotiate with your bank that they do not charge you the commission.

Do I need to show any type of identity card to do a INR-EUR currency exchange? Abrir Respuesta

The usual thing is that the currency provider where you will sell your rupees from India to euros will demand from you to provide a valid and current identity card (passport or resident´s identity card called carte nationale d´identité in France). Have in mind that your driver's license is not generally accepted as a valid identification document.

Contrarily banks will not generally request any ID from their customers who change rupees from India to euros with them for they will already have identified them at the time of opening an account with them.

Is it safe to sell rupees to euros online in France? Abrir Respuesta

Selling online rupees to euros in France is very safe. Take into account that it is done with travel money suppliers that need to have a licence from the Bank of France.

Furthermore, these holiday money providers are companies subject to audits and can be fined if they fail to comply with the binding AML legislation in France to justify with whom they exchange rupees to euros.

Where can I change rupees from India for euros in France today? Abrir Respuesta

In our country you can sell rupees from India for euros basically at your bank or at the currency suppliers. As a rule banks charge you a fixed commission ranging between 2.5% and 3% with a minimum of 6 to 10 euros for each travel money you do with them.

This applies when you obtain travel money and when you offer your surplus to euros. This means that if you convert the equivalent of 100 euros from rupees from India to euros, additionally to the Indian Rupees to euro exchange rate of the day, you will be charged between 6 and 10 additional euros as commission. Currency suppliers that advertise no commission are more interesting since they do not impose you this fee.

Comparer Devise displays the Indian Rupees to euro exchange prices of the day and sorts them from most to least interesting so that you can choose well where to sell your rupees from India to euros.

When is the best moment to change INRs to euros in France? Abrir Respuesta

Every day of the year the INR-EUR prices oscillate in international markets, depending on the strength of the Indian Rupees currency against the Euro.

This explains that, there is no preferred time to sell INRs with euros. However you have at hand free websites like Comparer Devise that support you by comparing all the INRs being bought by currency providers, the airport and the banks. With these rates you will have sold your INRs to euro at the best rates on every ocasion you need.

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