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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. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Indonesian Rupiah exchange rates today in Urapar 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 Urapar. BookMyForex also allows you to lock-in the live Indonesian Rupiah exchange rates today in Urapar to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's IDR rate in Urapar', which is not really the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called 'today's IDR rate in Urapar' because the forex dealers have to keep high margins to avoid any losses on account of IDR price fluctuation in the global market. So the concept of 'today's IDR rate in Urapar' 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 the branches of our channel partners in India.
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