1 AUD+MACH = N/A INR Interbank/ mid-market Rate at: 2022-05-24 21:13:49
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Customers looking for forex rates have to constantly struggle to find the actual Australian Dollar rates today in Machilipatnam. 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 Machilipatnam. So customers can either buy forex at live rates or select the 'Freeze the rate' option on our website to lock-in the Australian Dollar exchange rates today in Machilipatnam and exchange their currency at that rate within three days. We also offer other forex related products that include AUD currency notes, AUD forex cards, AUD traveler's cheques, as well as money transfer and remittance services through AUD wire transfers and AUD demand drafts. Orders can be collected at our branches or at our partnering bank/ currency exchange locations, in Machilipatnam. 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 Machilipatnam'. Little do customers know that in the the name of 'today's AUD rate in Machilipatnam', 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. Being a technology company our offerings go beyond the standard 'today's AUD rate in Machilipatnam'. Other foreign exchange dealers in Machilipatnam are simply exploiting the customers through the concept of a static 'today's AUD rate in Machilipatnam. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the AUD rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. 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 Machilipatnam' 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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