1 BRL+PAN = 16.9343 INR Interbank/ mid-market Rate at: 02-12-2023 16:43:16
The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. BookMyForex was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.
Finding the Brazilian Real exchange rates today in Panji used to be a challenge until BookMyForex came into the picture. It is only BookMyForex that now provides live and real time Brazilian Real exchange rates today in Panji. The other option for customers is to lock-in the Brazilian Real exchange rates today in Panji by selecting the 'Freeze the rate' option on the website. 'Today's BRL rate in Panji' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate.
Through the practice of 'today's BRL rate in Panji' the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Brazilian Reals are traded electronically worldwide. So the concept of 'today's BRL rate in Panji' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes BRL currency notes, BRL forex cards, BRL traveler's cheques or remittance products such as BRL demand drafts and BRL wire transfers. Orders are delivered by our own branches or by one of our several hundred channel partner locations, across India.
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