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It is next to impossible for customers to find the actual Australian Dollar exchange rates today in Bhiwandi especially on the Internet. 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 Bhiwandi are available 24*7 on BookMyForex’s website for all to see. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Australian Dollar exchange rates today in Bhiwandi by using the “Freeze the rate” option on our website. We provide the entire gamut of forex related products & services that include AUD currency notes, AUD forex cards, AUD traveler’s cheques, money transfer and remittance services. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Bhiwandi. Orders can also be delivered at home 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 Bhiwandi”. Little do customers know that in the the name of “today’s AUD rate in Bhiwandi”, 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 Bhiwandi” which are much higher. Charging “today’s AUD rate in Bhiwandi” 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 Bhiwandi” therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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