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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Finding the Australian Dollar exchange rates today in Padampur used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Australian Dollar exchange rates today in Padampur to exchange currency. The other option for customers is to lock-in the Australian Dollar exchange rates today in Padampur by selecting the “Freeze the rate” option on the website. “Today’s AUD rate in Padampur” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. The actual rate for exchanging currency is far higher than the so-called “today’s AUD rate in Padampur” because the forex dealers have to keep high margins to avoid any losses on account of AUD price fluctuation in the global market. So the customers end up being at the losing end when “today’s AUD rate in Padampur” is the basis for currency exchange.
The complete range of forex products offered by the Company includes AUD currency notes, AUD forex cards, AUD traveler’s cheques or remittance products such as AUD demand drafts and AUD wire transfers.Orders are delivered at our own branches or at all Axis Bank and ING Vysya Bank branches, which are our PAN India banking partners.
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