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Euro from US Dollar or Indian Rupees

Posted by (va) on

I am looking for recommendation from experts regarding following:

I plan to be in Europe for a month in December.
I have option of buying Euro from US using US dollars or
from India in Rupees.

which is the better option and why?

Thanks, Sue

Posted by
112 posts

All things being equal, it makes no difference. You get the Euro currency for it's value at the time of transaction whether you convert US dollars, rupees, bolivares, rubels or commodity gold ounces.

Of course, things are rarely equal. There's always some form of commission or fee and you don't get the exact exchange rate because of it. So what's your normal home currency? If dollars, go straight to Euro. Going the other route involves at some point a conversion to INR, and then to EUR. That's paying a commission percentage twice, and is a worse deal. But I don't know what your situation is.

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