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Customers looking for forex rates have to constantly struggle to find the actual Indonesian Rupiah rates today in Ranchi. This is because most of the rates you see online are just interbank or base rates, which aren't actual currency exchange rates. But now live and real time Indonesian Rupiah exchange rates today in Ranchi are available 24*7 on BookMyForex's website for all to see. Customers have the choice to book their order at live rates or at Indonesian Rupiah exchange rates today in Ranchi that they can select by using the 'Freeze the rate' option on our website. Our full suite of forex related products includes IDR currency notes, IDR forex cards, IDR traveler's cheques and IDR money transfer and remittance services using IDR DDs and IDR wire transfers. Customers can visit our channel partner locations to collect their orders or they can have the order home-delivered free of cost.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's IDR rate in Ranchi' which are much higher. Charging 'today's IDR rate in Ranchi' provides a cushioning effect to avoid incurring losses due to IDR price fluctuation in the market because just like stocks IDRs are also traded electronically across the globe like any other financial security. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's IDR rate in Ranchi'. Little do customers know that in the the name of 'today's IDR rate in Ranchi', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to IDR price fluctuation on account of the IDR being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's IDR rate in Ranchi' therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India's leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
You can get started by using our interactive order entry cart below.
We've dropped all fees associated with Money Transfers Abroad!