![]() Years ago money in various countries was based on the gold or silver reserves or combination of the two availability in the country. The exchange rate of these currencies changes depending upon the political and economic conditions in the country and the interest rate paid by a country's central bank is also a big factor. As of now, The top currencies are Dollar, Yen, Euro, Pound, Franc, etc. You can take a countries currency and compare it with some other countries then you can understand the economic situation of that country. Sandra Jones, senior vice president of member communications at State Employees Credit Union, recommends calling your bank's customer service to see if your location has the type of currency you need to exchange.Europian Currencies Vs Indian Rupee (INR) EURĬurrency tells the economic condition of a country. To avoid unnecessary trips to a bank, consider taking the following steps for purchasing currency. Not all financial institutions exchange currency. Even if your bank provides this service, your nearest branch may only have certain types of currency available or limited amounts. The fee is waived if you make an order over $300. There's a $10 transaction fee for orders under $300.
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