since there was discussion about buying iPhone from Dubai, I just wanted to understand at what rate AED conversion is being calculated ?
lets assume one of my friend is on a Dubai trip and I ask him to get me a iPhone 14 Pro (base model) which is around 3700 AED..
what are the options for me to make payment to him..
- Transfer funds to his account and he uses his Debit or Credit card for the transaction in Dubai (which has markup charges, conversion charges, 2-3% card usage charges)
- Handover AED currency to him in India before he leaves (currency exchange rate will differ by 50-60p if u buy officially, will differ more than 1₹ if its unofficial)
Dont know why and how some people calculate forex just by multiplying current day's exchange rate and assume buying phones in Dubai is cheaper (off course its cheaper when compared to India) but the conversion rate varies depending on ur mode of payment, no one considers the additional cost included during final calculations.
gud luck with ur sale...