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Forex

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What is forex & How does it work? ( Phycisal Currency)

Foreign exchange, or forex, traders speculate on changing exchange rates by converting large sums of money from currency to currency, much like stock traders buy and sell different stocks. Forex traders essentially attempt to buy low and sell high for a profit, but the asset they are trading is currency.

You Can call / Whatsapp on - +91 82855-87107 for Currency.

 

Purpose of Buying Forex Card ( Card)

You can buy a Forex card for either of the following traveling purposes -

  • Education: Students can use a Forex card to pay for their day-to-day expenses in a foreign land.
  • Leisure: Simply swipe your Forex card to meet various expenses on a leisurely international trip with friends or family.
  • Business: Pay for your expenses abroad with easy Forex card swipes on a business trip.

 

Documents Required to Apply for a Forex Card

In India, you need to submit a few documents in order to apply for a Forex Card. While these may depend on the destination, trip duration, etc., in most cases, only the below documents are required -

  • Copy of valid Passport
  • Copy of valid Visa
  • Copy of PAN Card
  • Flight tickets for travel within 60 days from the date of applying.

 

Features of Forex Card

Keep your overseas trips hassle-free and memorable with a range of features of TripMoney Forex cards.

  • Zero Forex markups/hidden charges: These prepaid Forex travel cards come without any Forex markups or hidden charges. Exchange currency at exact interbank rates, eliminate any surcharge and pay only what you see.
  • Fixed exchange rates: Prepaid Forex cards are pre-loaded with exchanged currency at specific rates.
  • Minimal ATM fees: The charges applicable on ATM withdrawals with these Forex cards are minimal.
  • Loads up to 14 currencies: You can load as many as 14 currencies on a single Forex card from Trip Money.
  • Accepted everywhere: These cards have widespread acceptability, with a reach of 30+ million stores, 2+ million ATMs, and 1+ million e-commerce sites.
  • Easy card reloads/unloads: The Forex cards come with easy remote reloading and unloading features, allowing easy currency usage internationally and a balance conversion back to INR on return.