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  • Choose Your Currency

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Euro Exchange Rates

On January 1, 1999, Euro was introduced as the new currency for European nations. European Union is comprised of 28 member states. Out of these 28 members, 19 members have officially adopted Euro (EUR). The 19 members that use Euro as their official currency are together known as Eurozone. Euro is divided into 100 cents and is the second largest and the second most traded currency in the foreign exchange market after the US Dollar (USD). Apart from Eurozone members, Euro is also used by four European microstates which are not members of European Union. If you are looking to buy Euros in Mumbai you should be aware that Euro exchange rate in Mumbai, or even in other cities, is prone to fluctuations.

Before buying or selling the currency, it is important for you to be aware of Euro rate today in Mumbai.

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.

What is Forex?

Forex is the shortened form of Foreign Exchange. Foreign exchange is the process of exchanging one currency for another currency. This is done to facilitate various dealings between countries, most common among which are trade, commerce, or tourism. Forex is also the generalized term used to refer to the Foreign Exchange Market. It is an over the counter exchange of currencies of different countries. These currencies are traded according to their demand. The foreign exchange market is the largest and most liquid market in the world. There’s an estimated $5.1 trillion worth of foreign exchange done daily all over the world. Forex is required when one travels from one country to another. The amount that can be carried depends upon the purpose of visit and should be in accordance with the Foreign Exchange Management Act (FEMA) 1999.

How it works?

The foreign exchange market is the place where forex is traded. It may not be useful for someone who has no reason to buy/sell forex exchange, for instance, a local organic farm owner who only supplies locally. However, for people who conduct overseas business or a local business with interests/partners in foreign countries, it makes a lot of sense. This is also true for tourists who are travelling to other countries. Let’s say you are planning a trip to Italy, then you would need the Euro there. There are a few ways to buy Euros for your trip. Either you can go to a bank and buy Euros in cash or get a Forex card. For both, you would be required to submit a copy of your passport, visa, & a copy of your air ticket. You have to fill out an A2 Form mentioning the purpose of your visit. The bank buys INR from you and sells you Euros, either in cash or loaded in a Forex card. And for this exchange, the bank charges a commission. Another way of getting Forex is through an authorized foreign exchange dealer. The paperwork remains more or less the same. Do make sure to compare the exchange rates at both places. If you intend on buying forex from a dealer in Mumbai, it is advisable to check the Euro buying rate in Mumbai online before you do. Veena World can help you with your forex currency cash needs with the best prices for the Euro rate in Mumbai. You can get in touch with one of our executives for the same. The Euro rate today in Mumbai might be different from yesterday, for the rate of Forex tends to fluctuate with market changes.

Euro Limit

There’s no limit on the number of Euros that you can carry from India for your holiday overseas, provided it has been purchased from an authorized foreign exchange dealer as per norms. However, according to EU Regulation 1809/2005, if the amount of Euros in cash exceeds 10,000 Euros, you are under a legal obligation to declare it at customs.

While travelling abroad, a resident Indian can carry Indian currency (in cash) up to ₹25,000 and foreign currency notes or coins up to $3,000 or equivalent currency per foreign trip. To find the equivalent amount in Euros, check out the Euro rate today in Mumbai. The balance amount can be carried in the form of store value cards, traveller’s cheque or banker’s draft.

Euro Trends

The foreign exchange is an important determiner of a country’s economic stability. The exchange rate is defined as "the rate at which one country's currency may be converted into another". The performance of a particular currency against another is closely watched. If you are curious, you can easily find Euro buying rate in Mumbai online. Forex is subject to a lot of fluctuations, sometimes even multiple times in a day. If you are planning to visit a foreign country, it is important to understand what drives the fluctuations of a particular currency. For fluctuations regarding the Euro, you can search for the Euro rate in Mumbai. Some of the most common factors that can affect the current Euro rate in Mumbai and the rest of the country include:

  • Inflation: Inflation is a situation of a sustained increase in the general price levels in an economy. Inflation means an increase in the cost of living as the price of goods and services rise. The currency of a country will appreciate if its 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 in turn attracts more foreign capital and thereby causes a rise in currency appreciation.
  • Country’s Balance Sheet: The balance sheet of a country reflects its forex earnings through trade, exports, etc. vis-a-vis its forex expenditure through imports, debts, etc.
  • Government Debt: A country can borrow money from other countries and international organizations to drive its economy. More the debt, more the depreciation in one’s currency.
  • Terms of Trade: The terms of trade refers to the ratio of export prices and import prices. If forex revenue generated through exports is more than the forex expenditure on imports, there will be a higher demand for the country's currency and its currency will appreciate.
  • Political Stability: The more a country is stable politically, the more will be the interest of foreign investors and thereby an increase in the value of its currency.

Things to remember when buying Euro in Mumbai

Depending on the valuation of a particular foreign currency, it can be determined as an expensive or inexpensive currency.  Here are a few things to keep in mind before you buy Euro in Mumbai:

  • Buy Forex well in advance: Currency valuations can fluctuate greatly. Ideally, you should watch the Euro buying rate in Mumbai for a period of time and then buy when it is at a comparatively lower rate. One can buy foreign exchange 180 days before their travel date from an authorized person or dealer.
  • Buy in tranches: To average out the forex fluctuations for the Euro rate in Mumbai, if possible, you should buy them over a period.
  • Compare rates: No matter where you buy Euros in Mumbai, do make sure to compare prices as there could be a huge difference in the Euro selling rates in Mumbai at different places.

Don’t Exchange at Airports: Forex at airports may seem like a convenient option but could prove to quite expensive, as airports charge anywhere between 5-10% when you buy or sell currency.

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Frequently Asked Questions

We help you prepare for your trip and ensure an effortless and enjoyable travel experience.

Being authorised Money Changers, Veena World has the FFMC (Full Fledged Money Changer) license. This means that a guest can easily get their money changed from Veena World Forex Pvt Ltd. You can simply walk into any Veena World branch and do the transaction.


*Any transaction depends on the availability of the currency.

As per the regulations, the maximum amount of foreign currency that a person can carry while travelling abroad is USD 2,50,000 per traveller in a single financial year.

However, of the total amount, only USD 3000 can be carried as currency notes per visit. The remaining amount should be in the form of prepaid forex cards.

Also note, foreign exchange is not available for a visit to Nepal and/or Bhutan for any purpose.

Veena World only provides Cash Currency to the guests. We do not issue traveller’s cheques or Forex cards.

Once the payment has been made via cheque, the guest will receive the Forex once the cheque clears. On the other hand, if the guest has used NEFT or some other form of online transfer to make the payment, the currency will be handed to the client by the next day or once the payment has been received by Veena World.

If a guest wants to buy foreign currency, they have to submit copies of the following documents with us: 

  • Valid Passport *
  • Airline ticket *
  • PAN Card *
  • Form A2
  • Residence Permit (in case of foreign nationals only)

(Note: If the guest has booked their tour from Veena World then the passport and air ticket is not required, as Veena World would already have a copy of them)

Documents marked * are required only from walk-in guests who have not yet booked a tour with Veena World. For guests who have already booked with us, the above documents are not required to be submitted again, as we would already have them from the time of booking.

(Except for Form A2, which will be given to the guest once the forex transaction is confirmed)

To return any unused personal forex to Veena World, guests are required to submit copies of the following documents:

  • Passport (not required for Veena World guests)
  • Currency Purchase Receipt (if the guest does not have the purchase receipt then they can sign a declaration form which will be provided by Veena World)

By Cheque or online transfer. In case of an online transfer, Veena World would require a copy of a cancelled cheque or a photo of a cancelled cheque. No currency is returned in the form of cash.

Travellers are required to surrender any unspent foreign exchange in the form of currency notes within 180 days of their return from a foreign trip. No coins can be exchanged upon coming back to India.

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