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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 Indonesian Rupiah exchange rates today in basti 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 basti. You also have the option to lock-in the Indonesian Rupiah exchange rates today in basti to exchange currency by using the 'Freeze the rate' option on the website. Other currency exchangers and websites use the base rate or interbank rate as 'today's IDR rate in basti', which isn't actually the rate at which currency is exchanged. Forex dealers keep a significant margin over and above 'today's IDR rate in basti' to hedge against any IDR price fluctuation in the global market. So the concept of 'today's IDR rate in basti' 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 offerings of forex and related services are already available across the country and include currency exchange, 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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