1 AUD+MYS = 54.665 INR Interbank/ mid-market Rate at: 2022-05-22 23:17:34
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Actual Australian Dollar exchange rates today in Mysore have never been easy to find until now. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time Australian Dollar exchange rates today in Mysore are available 24*7 on BookMyForex’s website for all to see. Customers have the choice to book their order at live rates or at Australian Dollar exchange rates today in Mysore that they can select by using the “Freeze the rate” option on our website. Our full suite of forex related products includes AUD currency notes, AUD forex cards, AUD traveler’s cheques and AUD money transfer and remittance services using AUD DDs and AUD wire transfers. Product delivery is done at our branches or at all Axis Bank and ING Bank branches, our nation-wide banking distribution partners.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s AUD rate in Mysore” which are much higher. Charging “today’s AUD rate in Mysore” 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 Mysore”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s AUD rate in Mysore” 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. 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 Mysore” 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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