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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. 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.
Indonesian Rupiah exchange rates today in Mundra are not really easy to find on any website. It is only BookMyForex that now provides live and real time Indonesian Rupiah exchange rates today in Mundra. The other option for customers is to lock-in the Indonesian Rupiah exchange rates today in Mundra by selecting the 'Freeze the rate' option on the website. 'Today's IDR rate in Mundra' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Forex dealers keep a significant margin over and above 'today's IDR rate in Mundra' to hedge against any IDR price fluctuation in the global market. So the concept of 'today's IDR rate in Mundra' 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 exchange companies that partner with us
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