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It is next to impossible for customers to find the actual Australian Dollar exchange rates today in davanagere especially on the Internet. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Australian Dollar exchange rates today in davanagere. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Australian Dollar exchange rates today in davanagere 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 partnering bank/ currency exchange locations, in davanagere. Orders can also be delivered at home free of cost.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's AUD rate in davanagere' which are much higher. Charging 'today's AUD rate in davanagere' 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. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's AUD rate in davanagere'. Little do customers know that in the the name of 'today's AUD rate in davanagere', 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. In the name of 'today's AUD rate in davanagere', most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to AUD price fluctuation.
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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