On 07/06/06, Kiran Jonnalagadda <[EMAIL PROTECTED]> wrote:
If I were to buy a laptop when visiting a foreign country, how do I get a good exchange rate for my money? I could just swipe a credit card, but my bank's rates are significantly higher than the market's.
Yep... a good Rs. 5 difference at times, to the GBP. What a sleazy way of making money :(
If I take traveller's cheques, the store may not accept them. Cash will be very suspicious at immigration.
Outside of hawala, you are out of luck. You can possibly get a pal in the host country to pay for it. At least Indian immigration is not that watchful - but remember the Rs. 25000 duty-free limit.
What is a good way to transfer money in such a case?
A good way will be to buy the laptop in India itself. :) Prices are usually comparable or even favourable. Colleague of mine recently bought one from Hyderabad for his personal use; claims he got it for about 10-15% cheaper than London high street price for the exact model and config. Binand
