USD Exchange Rate

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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 best USD exchange rate used to be a challenge until BookMyForex came into the picture. But not anymore…Live and real time USD exchange rates are now available on BookMyForex for currency exchange. BookMyForex also allows you to lock-in the live USD exchange rates to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as today’s USD exchange rate in Delhi or any city, which is not really the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called “today’s USD exchange rate in Delhi or other city” because the forex dealers have to keep high margins to avoid any losses on account of USD price fluctuation in the global market. So, the norm of “today’s USD exchange rate in India” is just an easy way for forex dealers to make a few extra bucks.

The Company’s offerings of forex and related services are already available across the country and include currency exchange, USD currency notes, USD forex cards, USD traveler’s cheques or remittance products such as USD demand drafts and USD wire transfers. Orders are delivered at our own branches or at our banking partners’ branches and we also deliver to your doorstep. Book your currency order with us and get guaranteed best USD Dollar rate.

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BookMyForex is a fully authorized money exchanger regulated by the Reserve Bank of India (RBI). | License number : FE.DEL.FFMC/ U070/2013 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

Same day delivery is guaranteed for orders placed before 1 pm (IST) Monday - Friday.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1 lakh or more

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