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Customers looking for forex rates have to constantly struggle to find the actual Euro rates today in Jaipur. Most websites on the net don’t provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Euro exchange rates today in Jaipur. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the Euro exchange rates today in Jaipur and exchange their currency at that rate within three days. We also offer other forex related products that include EUR currency notes, EUR forex cards, EUR traveler’s cheques, as well as money transfer and remittance services through EUR wire transfers and EUR demand drafts. Customers can visit Axis Bank and ING Vysya Bank, our nation-wide banking partners, to collect their orders.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s EUR rate in Jaipur” which are much higher. Charging “today’s EUR rate in Jaipur” provides a cushioning effect to avoid incurring losses due to EUR price fluctuation in the market because just like stocks EURs are also traded electronically across the globe like any other financial security. Being a technology company our offerings go beyond the standard “today’s EUR rate in Jaipur”. Other foreign exchange dealers in Jaipur are simply exploiting the customers through the concept of a static “today’s EUR rate in Jaipur. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the EUR rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s EUR rate in Jaipur” therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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