Let us understand what are the live rates and how to get the best USD to INR exchange rate in India.
If you’re going to the USA for the first time, you need to know the importance of the US Dollar. And if you’re returning from the USA, you may already know its importance. US Dollar is not only the strongest but the most traded currency in the world. Because of this, you may find it difficult to get the best USD to INR exchange rate or the vice versa. The popularity of US Dollar means that every bank & money exchanger will be exchanging USD to INR. And both the demand and supply are high. So the question is, “Do they have the best and the live USD to INR Exchange rate?”. They all claim to offer best and the updated USD to INR exchange rate. You don’t want to get cheated by money exchangers with their made of ‘Today’s best USD to INR exchange rate’. Let us understand what is this live rate.
What is Live USD to INR Exchange rate?
It is not possible for the rates to be accurate and updated. Let us tell you why?. The foreign currency market works from 9 am to 5 am in the interbank forex market and this is when the value of the rupee is determined against the dollar. The value changes every second, so, you need live rates, to get the exact rupees to dollar conversion done. How to calculate the value of the rupee against the dollar and dollar against the rupee or how to convert rupee to
You may be wondering now where to find the live USD to INR exchange rate or vice versa? Or how to convert rupee to the dollar and get best exchange rate? All you have to do is visit BookMyForex and on the homepage click on Full Rate Card. Choose your city and you have an updated and live currency exchange rates of multiple currencies against the rupee. The rates are updated every 3 seconds. Like for an example at 13:00 hrs on 29th September the USD to INR exchange rate and the vice versa is:
When you refresh the page a few seconds later, you will have different USD to INR Exchange rate and vice versa. All this is possible because our currency rates are live. In fact, it’s not just the US dollars, but, you can exchange other currencies with us as well. And all exchange rates and live and updated regularly.
With BookMyForex, you can exchange other currencies as well like the Japanese Yen, UK Sterling Pound, Singapore Dollar and Japanese Yen etc.
How to determine live forex rates?
The rate of exchange of different currencies depends on the trade that happens in the interbank foreign exchange market in India. When trading begins it all depends on the demand-supply position. If there is less demand for the dollar on a particular day, it might fall. On the other hand, when there is a demand for the dollar against the rupee the price could climb. The best way to exchange currency is to check the currency rates and do it yourself. Of course, you can use calculators, but you cannot be certain whether the rates are live up to the last second.
With BookMyForex, the rates are regularly updated and are provided on a second-second basis by one of the leading financial data companies in India. Our rates are at par with the rates provided by the Banks which offer dollars at an attractive price. We’ve taken all the necessary measures to focus on the needs of our customers and the rates are considerably lower.
Don’t go to Airport to find the USD to INR Exchange Rate
A lot of travelers prefer converting their currency at Airports, and given the number of limited options, this doesn’t seem like a bad option. There’s more than meets the eye about these kinds of exchanges. Airports charge an additional 6-10% of the converted sum. So, if you want to convert around 1 lakh rupees into Dollars, you may have to shell out around INR 6,000 to 10,000 in addition to the 1 lakh. Buy dollars in India via BookMyForex.com and save the much necessary time and effort.
Why Should I exchange with BookMyForex?
CASH and CARD
- Load it on Forex Card and in Cash
- Easily Reload your Forex card on the go
- Avail Free ATM Withdrawal Facility
- Get Topmost Security. Carry just the right amount of cash, and withdraw more from ATMs when required
Buy Forex And Get it Home Delivered
- Door Delivery service in over 185 cities across India
- Average delivery time – 4 hours
- Free Delivery for orders over Rs. 50,000
- Order under Rs. 5000 will not be eligible for door delivery
- 5,000+ partnering forex locations across 650 cities in India
BEST FOREX RATES AROUND YOU
- Exchange rates at Lowest Rates in India.
- Save up to 6.5% over traditional banks/Forex companies
- Freeze or Lock-in the exchange rates for a 2% refundable advance fee
- Email/Rate alerts – Get notified when the rates reach the level you want
24/7 CUSTOMER SERVICE
- Best and experienced Customer Support Team
- Available 24×7 on every medium (FB/Twitter/Call/Email)
UPLOAD ALL DOCS ONLINE
- Upload all the necessary documents online
- No need to run around for printouts. Just keep the original documents handy while collecting your Forex.
RELOAD FROM ANYWHERE
- Reload your Forex Card remotely, anytime online.
- Exchange the remaining balance on your card for INR & get guaranteed best prices
EASY PAYMENT OPTIONS
- Avail Easy payment options: You can pay Online via Credit, Debit, Net Banking, NEFT/RTGS
- You can also pay offline via Cash
You are now just a few steps away to get the best and the live USD to INR exchange rate. Call us on 9212219191 or visit our website for further details.