1 IDR+VIRU = 0.0053 INR Interbank/ mid-market Rate at: 2022-06-25 20:20:41
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Customers looking for forex rates have to constantly struggle to find the actual Indonesian Rupiah rates today in Virugambakkam. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Indonesian Rupiah exchange rates today in Virugambakkam. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Indonesian Rupiah exchange rates today in Virugambakkam 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. Product delivery is done at our branches or at all channel partner branches.
BookMyForex being a technology company, its offerings go beyond the standard 'today's IDR rate in Virugambakkam'. Other foreign exchange dealers in Virugambakkam are simply exploiting the customers through the concept of a static 'today's IDR rate in Virugambakkam'. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the IDR rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's IDR rate in Virugambakkam'. Little do customers know that in the the name of 'today's IDR rate in Virugambakkam', 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 Virugambakkam' therefore, is just a means to exploit the customer.
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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