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For personal foreign exchange, payment can be made via Debit/Credit card also. Convenience charges 1.20% will be applicable for the same.Note: International cards and American Express cards will not be accepted.
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Pound Exchange Rates

The Pound Sterling or Pound as it is commonly known as the official currency of the United Kingdom. It is subdivided into 100 pence. In the foreign exchange market, it is the fourth most traded currency after US dollar, Euro, and Japanese yen. Currency sign for Pound is £. As part of the European Union, the United Kingdom could have adopted the euro, however, it chose not to. The Bank of England is the central bank of the United Kingdom that sets the monetary policy for the British Pound by controlling the amount of money in circulation. Like most Forex currency, the Pound exchange rate also fluctuates based on market conditions. So, it is always better to search for the current rate for converting GBP to INR or vice versa before you buy.

Why Veena World?

Veena World steps in to ease your travel in every possible way. With our passionate, dynamic and experienced team who have an experience of 30+ years in the travel industry, we are all set to bring your travel dreams into reality. And to do that, we cover all possible sets of arenas in travel to help you actually choose a destination by simply throwing a dart on the map and yet having everything about it with ease. Even when it comes to returning the Forex, Veena World brings a simpler process after foreign trip at reasonable exchange rate.

Our team with all their expertise provide good money exchange rate, authentic currency. With Veena World, you can be rest assured that you can buy foreign exchange which are genuine and which will help you enjoy your dream trip abroad.

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What is Forex?

Forex stands for foreign exchange. It is the process of exchanging the currency of one country for that of another. This exchange is quite important when it comes to the countries’ needs for importing food or other essential commodities from other countries or for exporting the same to other countries.

The foreign exchange market is the largest and most liquid market in the world. The most-traded forex currencies are the US dollar, Euro, Japanese Yen, and British Pound. If you plan to travel to the UAE, you will need to exchange your INR for UAE Dirhams and when you return you will have to exchange them back into INR. To buy AED, you can get in touch with Veena World forex branch.

How it works?

If a person travels from India to Dubai for the purpose of tourism, the Indian currency, i.e., INR will not be acceptable in Dubai for making payments. The person has to exchange INR into AED (UAE Dirham). Forex is required when a country or any of its citizens have business interests abroad. Also, upon the person’s return to India, they need to convert the AED into INR. For forex transactions, certain guidelines have to be followed. The documents needed to buy forex for travelling abroad are:

  • A copy of the passport
  • A copy of the visa (if applicable)
  • A copy of the air tickets
  • A Copy of Pan Card  
  • A2 form (mentions the amount required, the purpose of visit, the total amount of forex transacted in the financial year, Pan Card and passport details.
  • No Air Ticket & Visa copy required for Veena World tour guest*

While travelling abroad, you can procure forex some in cash or get the amount loaded in a forex travel card. There could be a different dirham rate in Mumbai for buying currency or for selling. The dirham rate in Mumbai might fluctuate, sometimes even multiple times in a day. So, before you head out to buy or sell AED, be sure to search for “how much is the dirham rate in India” for that particular day.

Whether you want to buy currency or sell it, a simple search for the ‘dirham rate today in Mumbai’ will give you the different forex rates. Veena World can help you with all your forex currency cash requirements at competitive rates. Just get in touch with one of our forex agents and the needful will be done.

The dirham rate in Mumbai is different for buying and selling.

UAE Dirham Limit

If you are wondering how much AED one can carry while travelling for leisure to the UAE, there are some limits that you need to be aware of.

In Indian currency, the residents of India are allowed to carry up to Rs. 25,000. However, if you want to carry forex from India for leisure to the UAE, the maximum limit for forex transactions for an Indian national is the equivalent of USD 250,000 per traveller in a single financial year, as per regulations. However, only $3000 equivalent AED of that amount can be carried as currency notes $7000 equivalent AED in currency card for per visit –To find the equivalent amount in AED, check out the current UAE Dirham rate in Mumbai.

UAE Dirham Trends

There are many factors that can influence the valuation of a particular currency. A basic understanding of these factors will help you decide when to exchange your currency.

  • Inflation: Inflation is the situation of a sustained increase in the general price levels of an economy. Inflation refers to an increase in the cost of living. The currency of a country will appreciate if the inflation rate is low.
  • Interest Rates: A country with higher interest rates will see an appreciation in its currency. A high-interest rate means better rates for lenders which attracts more foreign capital and causes currency appreciation.
  • Country’s Balance Sheet: The balance sheet of a country reflects its forex earnings vis-a-vis its forex expenditure.
  • Government Debt: The more debt the country is in, the more will be the depreciation in the country’s currency.
  • Terms of Trade: The terms of trade refers to the ratio of export and import prices. If forex revenue generated is more than the forex expenditure, there will be a higher demand for the country's currency.
  • Political Stability: The more a country is politically stable, the more will be the interest of foreign investors and a resultant increase in the value of its currency.

To follow the ongoing forex trends with respect to AED, a lot of information is available online. Just search for the dirham rate today in Mumbai”. Forex is subject to a lot of fluctuations and if you are planning to visit a foreign country, it is important to understand what drives these fluctuations. For fluctuations regarding dirham, you can search for the UAE dirham rate in Mumbai.

Things to remember when buying UAE Dirham in Mumbai

Depending upon the valuation of foreign currency, it is determined as an expensive or inexpensive currency. Here are a few things to keep in mind before you buy AED in Mumbai:

  • Buy Forex well in advance: You can buy foreign exchange up to 180 days before the travel date from an authorized dealer.
  • Avoid Exchanging at Airports: Exchanging forex at airports could prove to be quite expensive as airports charge between 5-10% when you buy or sell currency.

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