Where to exchange money in Munnar
Are you heading to Munnar? You will want to ensure you are aware of the local currency and how to obtain it. In addition, you may want to keep track of the current exchange rates and where to change your money to the local currency without getting ripped off.
We will give you a list of the best currency exchanges in Munnar that you can visit in person.
There is also a digital alternative to consider by using Wise. This could save you both time and money.
Spend abroad without hidden fees
Currency exchanges in Munnar
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Munnar.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| Muthoot FinCorp Gold Loan | 9/3423, 3424 & 3425, GF, Elenjickal Bldg, Road, Mattupetty, Munnar, Kerala 685612, India | +91 92892 92953 |
| Muthoot FinCorp Gold Loan | 2nd Flr, Corner Building, No MP 9/2727M, General Hospital Rd, Nullatanni, Munnar, Kerala 685612, India | +91 92892 43780 |
| Muthoot Finance Gold Loan | JN. MARAYOOR ROAD, near GANDHI STATUE, Nullatanni, Munnar, Kerala 685612, India | +91 98958 89293 |
| MUNNAR GOURI TRAVELS. | Gouri travels, OLD AM ROAD, near clouds valley hotel, Moolakadai, Munnar, Kerala 685612, India | +91 80785 11755 |
| Federal Bank | 15, General Hospital Rd, opp. Kadal Fish, Nullatanni, Munnar, Kerala 685612, India | +91 4865 230 325 |
Indian rupee rate today
First off, in case you’re wondering something along the lines of “does India use Indian rupee?”, the answer is yes. The currency in Munnar — and the rest of India— is Indian rupee
You can also find it written as INR in currency exchange shops.
What you should know about exchanging money in Munnar
When exchanging money in Munnar or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in India long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Indian rupee for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in India banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local bank details in 9 currencies.
Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Munnar. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
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