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

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Malaysian Ringgits Rates in basti

Customers will no longer have to struggle to find the actual Malaysian Ringgits exchange rates today in basti. 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 Malaysian Ringgits exchange rates today in basti. Customers have the choice to book their order at live rates or at Malaysian Ringgits exchange rates today in basti 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 our partnering bank/ currency exchange locations, in basti. Orders can also be delivered at home free of cost.

Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's MYR rate in basti'. Little do customers know that in the the name of 'today's MYR rate in basti', 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. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in basti' which are much higher. Charging 'today's MYR rate in basti' 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. 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 basti' therefore, is just a means to exploit the customer.

Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India's leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.

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