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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.
It can be quite a pain for a customer to find out the Indonesian Rupiah exchange rates today in Verka. BookMyForex is the first portal in India that provides live rates and actual Indonesian Rupiah exchange rates today in Verka to exchange currency. The other option for customers is to lock-in the Indonesian Rupiah exchange rates today in Verka by selecting the 'Freeze the rate' option on the website. 'Today's IDR rate in Verka' 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 Verka' 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 customers end up being at the losing end when 'today's IDR rate in Verka' is the basis for currency exchange.
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 the branches of our channel partners in India.
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