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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. 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 BLR. BookMyForex is the first portal in India that provides live rates and actual Australian Dollar exchange rates today in BLR to exchange currency. The other option for customers is to lock-in the Australian Dollar exchange rates today in BLR by selecting the 'Freeze the rate' option on the website. 'Today's AUD rate in BLR' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. The actual rate for exchanging currency is far higher than the so-called 'today's AUD rate in BLR' because the forex dealers have to keep high margins to avoid any losses on account of AUD price fluctuation in the global market. So the concept of 'today's AUD rate in BLR' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes 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 by our own branches or by one of our several hundred channel partner locations, across India.
So what are you waiting for? Click below to use our interactive order entry cart :
We've dropped all fees associated with Money Transfers Abroad!