1 BRL+MUM = 16.6781 INR Interbank/ mid-market Rate at: 01-03-2024 14:13:14
Actual Brazilian Real exchange rates today in Mumbai have never been easy to find until now. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Brazilian Real exchange rates today in Mumbai. Customers can buy/ sell their currency at live rates or at a rate they can 'lock-in' using the 'Freeze the rate' option on the website to avail the best Brazilian Real exchange rates today in Mumbai.
Our other forex related products and services include BRL forex cards, BRL traveler's cheques, money transfer and remittance services. Customers can visit our channel partner locations to collect their orders or they can have the order home-delivered free of cost.
BookMyForex being a technology company, its offerings go beyond the standard 'today's BRL rate in Mumbai'. Other foreign exchange dealers in Mumbai are simply exploiting the customers through the concept of a static 'today's BRL rate in Mumbai'. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the BRL rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's BRL rate in Mumbai'. Little do customers know that in the the name of 'today's BRL rate in Mumbai', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to BRL price fluctuation on account of the BRL being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's BRL rate in Mumbai' therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India's leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
You can get started by using our interactive order entry cart below.