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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
It can be quite a pain for a customer to find out the Australian Dollar exchange rates today in Baggarpurana. But not anymore…Live and real time Australian Dollar exchange rates today in Baggarpurana are now available on BookMyForex for currency exchange. The other option for customers is to lock-in the Australian Dollar exchange rates today in Baggarpurana by selecting the “Freeze the rate” option on the website. “Today’s AUD rate in Baggarpurana” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. Through the practice of “today’s AUD rate in Baggarpurana” the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Australian Dollars are traded electronically worldwide. So the concept of “today’s AUD rate in Baggarpurana” is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company’s offerings of forex and related services are already available across the country and include currency exchange, AUD currency notes, AUD forex cards, AUD traveler’s cheques or remittance products such as AUD demand drafts and AUD wire transfers.Orders are delivered at our own branches or at our banking partners’ branches, viz. Axis Bank and ING Vysya Bank, across India.
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