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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, a leading e-commerce website for forex, was established in 2012 by Mr. Sudarshan Motwani to plug these gaps in and streamline the market. He has earlier headed the forex function at HDFC Bank and ING Vysya Bank.
Finding the Indonesian Rupiah exchange rates today in Leh used to be a challenge until BookMyForex came into the picture. But not anymore - Live and real time Indonesian Rupiah exchange rates today in Leh are now available on BookMyForex for currency exchange. The other option for customers is to lock-in the Indonesian Rupiah exchange rates today in Leh by selecting the 'Freeze the rate' option on the website. 'Today's IDR rate in Leh' 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 Leh' 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 Leh' 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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