Last Updated on May 19, 2023 by asoulwindow
10 reasons to buy forex with Nafex.
Nafex compares the exchange rates from various banks, money changers and quotes the best industry rates for you. They offer a full suite of forex products from travel cards, currency notes to wire transfers.
If you read my blog regularly, you already know that my last few international trips were to Australia, Jordan, cruise from Dubai to India, Nepal and Bhutan I was traveling to Canberra in Australia (and also Melbourne and Sydney) for ten days, and I wanted a relaxed holiday. So, I was busy with work as usual. Travel blogging is amazing but not easy. I completely forgot about getting the Australian Dollars. A few hours before my flight, my friend asked me how many Australian Dollars I was carrying. It was then when I realised, that I had forgotten about the exchange. But, Nafex came to my rescue and here are the top 10 reason why you must buy your Forex from Nafex.
You are guaranteed to get rates that are better than the banks, market and other money exchangers
When you buy forex from Nafex, you are guaranteed to get the best market rates. With online transaction you can save anywhere between 3-7% over banks and other money changers. You can avail the same benefits on travel cards as well. Nafex has 6 -14% better rates than airports. In case, you find rates that are better, they guarantee to beat it!!
Real time and transparent rates
Nafex has live bids for the money changers near you. They also have an option of reverse bidding. Because of which, they bring transparency in otherwise a very big margined market. Most, money changers put boards saying “Todays rate is…” but, Nafex has real-time bids and the rates keep changing real-time.
Freeze the exchange rates with minimal refundable advance
In case you have 20 days for travel , but you like the exchange rates that you see, you can freeze the rate with minimal advance which is refundable up to three to four days
Buy forex online and get it delivered at your home
Nafex has its presence in 110 cities in India and they deliver the currency at your door step. The average delivery time is 4 hours. If you have booked the currency before 12 P.M. they deliver it the same day and, if you have booked it after 12 P.M they deliver it the next day.
Free Pick Ups
Every time you buy forex you need to submit your travel documents to the agent. But, if your requirement is more than INR 50,000 Nafex picks up the documents and currency form from your door step.
Reliable and reputed channel Partners
Only RBI’s approved network of money changers bid for your currency requirements quoting their rates, allowing you to view, compare and choose the best rates.
Excellent referral and loyalty schemes
You can refer your friends and family and you can save a great deal of money on your next conversion. They also have a special remittance rates for students.
No hidden fees
There are no margins and hidden fees involved if you change money with Nafex. The exchange money at the interbank rates.
24/7 customer support
In case of any concern a team is always available to answer your query. The customer support team is also available on social media channels like Facebook, Linkedin, phones or even email.
Get notified when the rates turn in your favour
This was the feature that I loved the most. They had an option of reverse bidding and they allowed me to set a reminder if I have made a bid and the rates turn in my favour.
I was delighted with the service of Nafex even more when they sent a direct remittance to my Hotel, when I ran out of Australian Dollars. I recommend you to try this online portal and have a relaxed and hassle free travel without bothering about the currency rates, pickup, and transparency.
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Very attractive features. Particularly the free pickup and 24/7 customer support are really the winners for me. They would really help make the forex experience so much smoother and hassle free. Will go with NAFEX next time I need to do a forex before traveling overseas.
Foreign exchange is an important component that one needs to factor in when traveling. Usually we end up losing significant money in conversion. NAFEX looks like a good option here as it gives the best rates. The other important aspect is that you can order online and get it delivered, which is so very convenient.
I like this service for a lot of reasons. For one, you can freeze the rates and that way you can even reduce the risk of high fluctuations. The. free pick up helps save time, especially if you are in for a sudden trip. Though I am not sure if INR 50K would be something i am willing to exchange. I might take a forex card in that case. Well reviewed Abhinav
Dealing with foreign currencies while abroad is quite the headache, I agree. I have noticed, however, that countries that do have money exchange businesses, the best rates are on the ground in the place you’re visiting. The only way to compare, and decide where to take your business, you do need to browse online, and then go to the right place. Calling them to freeze the rate is also a good idea.
I’m based in the UK and I usually find the best deal for me for foreign currency is to use my credit card for payment when I can (having selected one that doesn’t charge a commission or fee per use overseas) and using a debit card for cash withdrawals from ATMs. The rate of exchange offered by my banks always beats the rates by any forex options available to me. I have not come across Nafex though, looks like it’s a good option for those travelling from India?
I had not heard about this. it seems so useful for traveler. Thanks for sharing with us.
Recently been hearing a lot about this.. This is definitely worth trying
Getting to know something new. Very useful post
Oh that was such an informative post. I’m so going to come back to this post whenever I plan trip abroad.
great financial travel info here. good to know that exchange rates an be done so easily anywhere. this is always if not always a concern for travellers and nomads indeed.
It is really helpful for those, who travels a lot… Will keep these in my mind before my abroad trip..
Thanks for sharing such great info about Nafex, we were till now dealing with local money changers. Will definitely try Nafex for our next foreign currency exchange.
This is definitely very useful for people who travel a lot, I will keep this in mind
Quite informative, till date I used to get FOREX from banks only, Shall get the same from NAFEX next time looking at the best rates you’ve shared:)
I didn’t know about Nafax thanks for sharing will remember for my next trip to abroad..
Will definitely consider this for my next trip to abroad I was completely unaware of nafax
I never knew so much about FOREX but thank you for this. Very informative !!
This is an informative post and helpful for international travellers. This knowledge will surely help me plan my future travels better.
Thats quite informative post for those who often travel internationally. I wasnt aware so much about it but great you described it in easy and simple words. Thanks for sharing.
I never knew about forex so much in details . thanks for the inputs you shared here. Would love to know more about available options of Forex.
Thank you for this informative post! I had not heard of Nafex but it seems so useful with its convenient service. I am traveling quite easily and I can see how it can be beneficial to my future travels.
Love that nafex are providing Real time and transparent rates never knew this before thanks for sharing the detailed features
It’s sounds too good that Nafex are making forex exchange so easy.
One needs forex for international travel, so its always good to know about new options. Thanks for sharing.
This is great. I am amazed that they offer better rates than the banks. Highly informative.
thats quite some awesome information laid down in very simple terms. i always thought it was very complicated for me to understand but thank you for such simple detailing.
Wow! I travel a lot as well. Didn’t know about Nafex until now. Thanks for sharing 🙂
good to hear about this, I only know forex buying website is XE.com
good thing is they don’t have hidden charges, will try this in future travels for sure
Thanks for stopping by. I look forward to use it on my next international trip again.
This is a nice and very informative post!! Thanks for sharing
It’s great that they offer better rates than the banks. Normally there is no beating the banks, so I’m glad to see someone can. Also no hidden fees when exchanging money All round win-win situation.
This is. superbly informative an article and love the details
Its great Forex with Nafex is proving to be so helpful. Thanks for the details. Will be of use.
No hidden fees and transparency is what really impressed me out of all the reasons. Sure gonna try it on my next international trip.
Never knew about all this.. but this surely gives a lot of info..thanks for sharing
And here I was thinking that you could only get Forex by going to banks ! Thanks for sharing Abhinav …really informative .What about Forex cards ?
Glad that I could help you understand it better. Prepaid forex cards and remittances are available through Nafex. The differentiating factor is that live bidding is also applicable to prepaid forex cards and remittances, so you save on the fluctuating forex rates and make remittances to hotels etc that you book in advance through the Nafex site.
good to know that comapines like Nafex are making forex exchange so easy.
True, As I doing more and more international trips, I understand that its so convenient to use Nafex.
Sorry for my ignorance, whould like to knowfrom where do you get the money for these widespread travelling?Your own?
Hi Laboni. Many readers ask me that. I will soon write a blog on How I find my travels. For now let me tell you my travels are a mix of self funded trips and sponsored trips. More details will be shared in a big blog soon. Cheers
I always find this kind of questions very strange. Would you approach those people in the street wearing high cost clothing, or driving a high end car, or living in a bigger house where they get the money for their spending, or would you simply accept that people have different incomes? Of course, in blogging, there is often content that arises from press trips or is otherwise sponsored by a brand, and the good bloggers will always declare this within the relevant post, which you can read if you are so inclined to find it. Such trips aren’t exactly “free” though, since the creation and subsequent marketing of content is often several days of work!