Changing Australian Dollars(AUD) and Travellers Cheques in South India?
Replies: 10 - Last Post: Nov 11, 2012 11:07 PM Last Post By: man_from_Oz
Nov 4, 2012 6:29 PM
Changing Australian Dollars(AUD) and Travellers Cheques in South India?I am spending a month in South India.
Can I easy change AUD and AMEX traveller's cheques in Cochin and further south into Kerala?
Are there any encashment fees or other charges associated with cashing these?
What is the current rate of both?
I figure I should get about 55 rupees for AUD and 53 rupees for AMEX (www.xe.com). Is this about right?
Do the foreign notes (AUD) have to be in pristine condition like they do in Myanmar and Indonesia?
Nov 4, 2012 6:52 PM
1You don't wanna do that. Leave the TCs at the bank, bring a bit of emergency cash, and use your ATM card. TCs are just a pain in the ass these days.
And no, even if you don't take the above advice, don't "just figure", use http://www.xe.com, as you already know, and be familiar with what the current rate is on a daily basis (55.941 now and will change in 1/2hr - 9am IST daily and then several additional times in the day).
Last point, with regard to "value", USD, GBP, and Euro are the most likely to get decent rates. Lesser known/used currencies aren't as "useful" to money changers and command less respect - they have to wait too long to get a big pile of them for THEM to exchange them at a good rate.
And no, don't change your AUD to USD or other, you'll lose out on the exchange rate twice in that event.
Nov 4, 2012 7:41 PM
2Agree with pirate about the travellers cheques, a Visa or MasterCard credit and/or debit card is OK and good for paying Hotel bills in the larger hotels IF you are staying in any.
No problemo with AUD as thats all I used late last year in Kolkata,Bangalore & Kerala and had no dramas changing these with legit Money Exchangers.
According to Current Exchange rates you may even get more Rps for the AUD than the USD.
Allways handy to have a few hundred USD if your'e heading to of the beaten track places to be safe.
And NO the AUD don't need to be in Pristine condition just Good condition, which all AUD dollars are these days due to being made out of some sort of plastic not paper notes like years gone by.
Nov 5, 2012 2:56 AM
Nov 5, 2012 8:40 AM
Nov 5, 2012 1:05 PM
5Given you're from Oz, have a look at this card - it is without doubt, the best option for people traveling overseas http://www.28degreescard.com.au/campaign/travel.html/?gemid1=May11-28deg-SEM
You want to load up the card with money before you go and then all ATM fees are charge free.
Nov 5, 2012 6:27 PM
Nov 5, 2012 6:54 PM
I've had my 28 degrees card for >5 years. The only catch (if you can call it that), is you must put your card into credit (you can pay at Australia Post), otherwise, you get hit with expensive cash advance fees.
Other than that, there are no international withdrawal fees; no conversion fees; no other hidden fees.
It's the card to use when travelling.
Nov 11, 2012 6:06 AM
8I just exchanged Australian dollars to rupees at the bank rate at a place in Emakulam. No idea how they make money but I wasn't going to ask.
The place is a tiny hole in the wall place near Pallimukku Junction and Cochin Hospital. Ask when you get to the area to ask exactly. Everyone I spoke to spoke perfect English so there will be no problems.
Nov 11, 2012 10:42 PM
Nov 11, 2012 11:07 PM
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