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Customers looking for forex rates have to constantly struggle to find the actual Indonesian Rupiah rates today in Sidhi. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time Indonesian Rupiah exchange rates today in Sidhi. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Indonesian Rupiah exchange rates today in Sidhi by using the 'Freeze the rate' option on our website. We provide the entire gamut of forex related products & services that include IDR currency notes, IDR forex cards, IDR traveler's cheques, money transfer and remittance services. Orders are delivered at our own branches or at the branches of our channel partners.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's IDR rate in Sidhi' which are much higher. Charging 'today's IDR rate in Sidhi' 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 Sidhi'. Little do customers know that in the the name of 'today's IDR rate in Sidhi', 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. In the name of 'today's IDR rate in Sidhi', most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to IDR price fluctuation.
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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