Today's Indonesian Rupiah Rates for Foreign Exchange and Money Transfer from India

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Indonesian Rupiah Rates in Ahmedabad

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 Indonesian Rupiah exchange rates today in Ahmedabad used to be a challenge until BookMyForex came into the picture. It is only BookMyForex that now provides live and real time Indonesian Rupiah exchange rates today in Ahmedabad. The other option for customers is to lock-in the Indonesian Rupiah exchange rates today in Ahmedabad by selecting the 'Freeze the rate' option on the website. 'Today's IDR rate in Ahmedabad' 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 IDR rate in Ahmedabad' 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 Indonesian Rupiahs are traded electronically worldwide. So the concept of 'today's IDR rate in Ahmedabad' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.

The Company's entire suite of forex products includes IDR currency notes, IDR forex cards, IDR traveler's cheques or remittance products such as IDR demand drafts and IDR 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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