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It is next to impossible for customers to find the actual Australian Dollar exchange rates today in Kollam especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Australian Dollar exchange rates today in Kollam. 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 Kollam. Our other forex related products and services include AUD forex cards, AUD traveler’s cheques, money transfer and remittance services. Customers can visit Axis Bank and ING Vysya Bank, our nation-wide banking partners, to collect their orders.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s AUD rate in Kollam” which are much higher. Charging “today’s AUD rate in Kollam” 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 Kollam”. Little do customers know that in the the name of “today’s AUD rate in Kollam”, 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. Using it’s strong IT infrastructure to its advantage, BookMyForex offers far better options to customers
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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