Today's Malaysian Ringgits Rates for Foreign Exchange and Money Transfer from India

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Malaysian Ringgits Rates in Bapatla

Customers will no longer have to struggle to find the actual Malaysian Ringgits exchange rates today in Bapatla. 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 Malaysian Ringgits exchange rates today in Bapatla 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 Malaysian Ringgits exchange rates today in Bapatla that they can select by using the 'Freeze the rate' option on our website. Our full suite of forex related products includes MYR currency notes, MYR forex cards, MYR traveler's cheques and MYR money transfer and remittance services using MYR DDs and MYR wire transfers. Orders can be collected at our branches or at locations of our partnering RBI authorized exchange companies/ banks, in Bapatla.

While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Bapatla' which are much higher. Charging 'today's MYR rate in Bapatla' provides a cushioning effect to avoid incurring losses due to MYR price fluctuation in the market because just like stocks MYRs 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 MYR rate in Bapatla'. Little do customers know that in the the name of 'today's MYR rate in Bapatla', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to MYR price fluctuation on account of the MYR 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 MYR rate in Bapatla' 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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