Many international travellers return excess foreign currency notes, assuming they can easily exchange them back home. However, this is not always true, as some currencies may not be exchangeable in their home country.
It is best to stick to major currencies such as the US dollar, the euro, and the British pound, as these are widely accepted and easily exchangeable in India. Bringing back currencies not received or exchangeable in India cannot be used for any purpose and may even require additional fees to dispose of.
You cannot exchange Sri Lankan Rupees (LKR) for Indian Rupees (INR) at banks or money changers in India. LKR is not a widely traded currency in India, so there is limited demand for it. Banks and money changers are unwilling to accept the risk of holding onto it; hence, you cannot exchange it for INR. You may end up stuck with LKR that you cannot use. To dispose of it, you may have to pay a fee. It’s also worth noting that this policy applies to all amounts of LKR, regardless of how much you have. Even if you only have a small amount of LKR, it’s best to exchange it before returning to India to avoid the hassle of dealing with leftover LKR.
Converting the Indonesian Rupiah (IDR) to the Indian Rupee (INR) in India can be challenging due to the limited availability of authorized currency exchange centres or banks that deal with IDR. This may lead to unfavourable currency exchange rates or even an inability to exchange the currency. In addition, holding onto unused IDR can result in a loss of value due to fluctuating exchange rates. The longer you keep it, the greater the chance of losing weight. Dealing with leftover IDR can be inconvenient and time-consuming, as it may require extra effort to find someone willing to money exchange it or resort to unofficial channels, which can be risky. Some banks or money changers may even charge fees for exchanging IDR, reducing the amount you receive in INR. To avoid these issues, exchange any unused IDR before leaving Indonesia.
It’s better not to bring back Maldivian Rufiyaa (MVR) when returning to India, as currency exchange is impossible. Even though when you come back to India and have some leftover MVR, there are a few options you could consider for exchanging it. Firstly, you could contact specialized currency dealers. However, remember that they may offer lower exchange rates than authorized channels. Another option is to seek help from Maldivian expat communities in your area. Alternatively, consider online exchange services. Before proceeding, please research and carefully check their reputation and terms. Lastly, you could donate your leftover MVR to charities that accept foreign currency donations. This way, you can make a positive contribution while getting rid of the unused currency.
Indeed, exchanging Turkish Lira (TRY) for Indian Rupees (INR) is impossible. TRY is not a widely traded currency in India, making it difficult to find authorized currency exchange centres or banks willing to convert it. There are several reasons for this situation. Firstly, the demand for TRY in India is relatively low compared to major currencies, such as USD or EUR. This makes it less attractive for banks and money changers to keep TRY in stock, as they may struggle to sell it off. Secondly, the exchange rate between TRY and INR can fluctuate significantly, making it less favourable for banks and money changers to maintain TRY inventories. They may face losses if the TRY depreciates against INR while they hold onto it. Due to these factors, exchanging any leftover TRY before leaving Turkey is advisable to avoid any inconvenience.
It has become increasingly challenging to find authorized exchange centres or banks willing to convert Russian Ruble (RUB) to Indian Rupee (INR) due to various factors. The global financial landscape has been significantly impacted by the Western sanctions imposed on Russia following its invasion of Ukraine. These sanctions have limited Russia’s access to international economic systems, including SWIFT, which makes it challenging for Russian banks to conduct international transactions. The trade volume between India and Russia is relatively limited compared to other major trading partners, translating into lower demand for RUB in India. As a result, banks and money changers are less inclined to deal with RUB.
It can be challenging to find authorized exchange centres or banks willing to convert Vietnamese Dong (VND) to Indian Rupees (INR) in India, as VND is not widely traded compared to major currencies like USD or EUR. The demand for VND in India is relatively low, which makes it less attractive for banks and money changers to keep VND in stock. This limited demand also makes the exchange rate between VND and INR prone to fluctuation, which is less favourable for banks and money changers to maintain VND inventories. Additionally, there may be regulatory restrictions or limitations on the exchange of VND in India, making it more complex or costly for banks and money changers to handle VND transactions. Therefore, exchanging any leftover VND before leaving Vietnam is generally advisable.
The Philippine Peso (PHP) demand in India is relatively low compared to major currencies like USD or EUR. Due to this limited demand, authorized exchange centres and banks are less inclined to keep PHP in stock as they may face difficulty selling it off. It is not a widely traded currency in India, which makes it difficult to find banks or exchange centres willing to convert it to Indian Rupees (INR). The currency exchange rate between PHP and INR is highly volatile, which makes it less attractive for banks and money changers to maintain PHP inventories. Additionally, there may be regulatory restrictions or limitations on the exchange of PHP in India.
When returning to India, it is advisable not to bring Mauritian Rupees (MUR) with you, as exchanging them for Indian Rupees (INR) can be challenging. Although MUR is the official currency of Mauritius, it is not widely traded in India, so finding authorized exchange centres or banks willing to convert it to INR can be difficult. Additionally, the exchange rate between MUR and INR can fluctuate significantly, making it less attractive for banks and money changers to maintain MUR inventories. If the MUR depreciates against INR while they hold onto it, they may face losses. Due to the relatively low demand for MUR in India compared to major currencies like USD or EUR, banks and money changers may not keep MUR in stock, as they may struggle to sell it off.
Although KRW is the official currency of South Korea, it is not commonly traded in India. It is hard to find authorized exchange centres or banks willing to convert it to INR. The demand for KRW in India is relatively low compared to major currencies like USD or EUR, which makes it less attractive for banks and money changers to keep KRW in stock since they may struggle to sell it off. Additionally, the exchange rate between KRW and INR can fluctuate significantly, making it less favourable for banks and money changers to maintain KRW inventories. There may also be regulatory restrictions or limitations on exchanging KRW in India, making it more complex or costly for banks and money changers to handle KRW transactions.
Although the Seychellois Rupee (SCR) is the official currency of Seychelles, it’s not widely traded in India. As a result, it can be difficult to find authorized exchange centres or banks willing to convert it to Indian Rupees (INR). The exchange rate between SCR and INR can fluctuate significantly, making it less attractive for banks and money changers to keep SCR in stock, as they may face losses if the SCR depreciates against INR while they hold onto it. Compared to major currencies like the US Dollar (USD) or the Euro (EUR), the demand for SCR in India is relatively low. This limited demand makes it less attractive for banks and money changers to keep SCR in stock, as they may struggle to sell it off.
It can be challenging to find authorized exchange centres or banks willing to convert the above-listed currencies to Indian Rupees (INR) since they are not widely traded in India. Trying to exchange these currencies can result in unfavourable exchange rates and may be time-consuming and inconvenient. To avoid these issues, trade any leftover foreign currency before leaving the country you are visiting. You can do this at authorized exchange centres, banks, or hotels. Alternatively, consider using your foreign currency during your trip by making purchases, paying for services, or using it for transportation.
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