Actual Macau Pataca exchange rates today in Salem have never been easy to find until now. This is because most of the rates you see online are just interbank or base rates, which aren't actual currency exchange rates. But now live and real time Macau Pataca exchange rates today in Salem are available 24*7 on BookMyForex's website for all to see. Customers have the choice to book their order at live rates or at Macau Pataca exchange rates today in Salem that they can select by using the 'Freeze the rate' option on our website. Our full suite of forex related products includes MOP currency notes, MOP forex cards, MOP traveler's cheques and MOP money transfer and remittance services using MOP DDs and MOP wire transfers. Product delivery is done at our branches or at all partnering locations across India. Orders can also be home-delivered free of cost.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MOP rate in Salem' which are much higher. Charging 'today's MOP rate in Salem' provides a cushioning effect to avoid incurring losses due to MOP price fluctuation in the market because just like stocks MOPs 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 MOP rate in Salem'. Little do customers know that in the the name of 'today's MOP rate in Salem', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to MOP price fluctuation on account of the MOP 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 MOP rate in Salem' 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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