1 KWD+RAYY = N/A INR Interbank/ mid-market Rate at: 2022-05-29 02:26:43
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Actual Kuwaiti Dinar exchange rates today in Rayya have never been easy to find until now. 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 Kuwaiti Dinar exchange rates today in Rayya. Customers can buy/ sell their currency at live rates or at a rate they can 'lock-in' using the 'Freeze the rate' option on the website to avail the best Kuwaiti Dinar exchange rates today in Rayya. Our other forex related products and services include KWD forex cards, KWD traveler's cheques, money transfer and remittance services. Customers can visit one of our channel partner locations to collect their orders.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's KWD rate in Rayya'. Little do customers know that in the the name of 'today's KWD rate in Rayya', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to KWD price fluctuation on account of the KWD being traded globally just like any other financial security. Being a technology company our offerings go beyond the standard 'today's KWD rate in Rayya'. Other foreign exchange dealers in Rayya are simply exploiting the customers through the concept of a static 'today's KWD rate in Rayya. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the KWD rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's KWD rate in Rayya' 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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