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Customers looking for forex rates have to constantly struggle to find the actual Australian Dollar rates today in Kumbakonnam. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time Australian Dollar exchange rates today in Kumbakonnam. 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 Kumbakonnam. Our other forex related products and services include AUD forex cards, AUD traveler’s cheques, money transfer and remittance services. Orders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank. Customers can even choose to have their order home-delivered.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s AUD rate in Kumbakonnam” which are much higher. Charging “today’s AUD rate in Kumbakonnam” 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s AUD rate in Kumbakonnam”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s AUD rate in Kumbakonnam” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the AUD is traded across the world electronically just like stocks, its prices also fluctuate. In the name of “today’s AUD rate in Kumbakonnam”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to AUD price fluctuation.
A pioneer in the forex markets in India, Mr. Sudarshan Motwani founded BookMyForex to overcome the challenges of a disorganized forex market, widely fluctuating prices and lack of uniformity in forex products and regulations in India. Mr. Motwani successfully established and ran the Foreign Exchange division at some of India’s leading banks and therefore has the expertise to turn things around in the current market scenario. Our services are already available online across India.
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