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Why you should carry forex prepaid card instead of credit card while travelling abroad. Navneet Dubey. Font Size Abc Small. Abc Medium.
Abc Large. Getty Images When you buy a forex card, you are being charged an issuance fee. A big decision to make while travelling abroad is how to carry the currency you will be using there.
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And, in what mix? HDFC Bank offers a convenient way to buy a multitude of different currencies. However, foreign exchange rates represent a major pricing point and there is often little clarity around them. Hopefully we can help you save money on your holidays. The interbank rate also called mid-market rate is the midpoint between the buy price and sell price of two currencies on the currency markets.
HDFC Bank does not offer the interbank rate but instead adds a margin to it, which makes the foreign currency transaction more expensive for you. Before using HDFC Bank for your travel money needs, make sure to know the current interbank exchange rate. You can find the latest interbank rates using our currency converter.
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Ordering your foreign currency before your trip allows you to compare with rates and fees of other providers. Ordering it online also is usually much cheaper than buying currency at the airport or on arrival to your holiday destination.
Make sure to always compare exchange rates before finalising an order.