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Customers will no longer have to struggle to find the actual Australian Dollar exchange rates today in angamaly. This is because most of the rates you see online are just interbank or base rates, which aren't actual currency exchange rates. But now live and real time Australian Dollar exchange rates today in angamaly are available 24*7 on BookMyForex's website for all to see. Customers can buy/ sell their currency at live rates or at a rate they can 'lock-in' using the 'Freeze the rate' option on the website to avail the best Australian Dollar exchange rates today in angamaly. Our other forex related products and services include AUD forex cards, AUD traveler's cheques, money transfer and remittance services. Product delivery is done at our branches or at all partnering locations across India. Orders can also be home-delivered free of cost.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's AUD rate in angamaly'. Little do customers know that in the the name of 'today's AUD rate in angamaly', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to AUD price fluctuation on account of the AUD being traded globally just like any other financial security. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's AUD rate in angamaly' which are much higher. Charging 'today's AUD rate in angamaly' provides a cushioning effect to avoid incurring losses due to AUD price fluctuation in the market because just like stocks AUDs are also traded electronically across the globe like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's AUD rate in angamaly' therefore, is just a means to exploit the customer.
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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