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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. BookMyForex, a leading e-commerce website for forex, was established in 2012 by Mr. Sudarshan Motwani to plug these gaps in and streamline the market. He has earlier headed the forex function at HDFC Bank and ING Vysya Bank.
Finding the Malaysian Ringgits exchange rates today in Bir used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Malaysian Ringgits exchange rates today in Bir to exchange currency. You also have the option to lock-in the Malaysian Ringgits exchange rates today in Bir to exchange currency by using the 'Freeze the rate' option on the website. Other currency exchangers and websites use the base rate or interbank rate as 'today's MYR rate in Bir', which isn't actually the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called 'today's MYR rate in Bir' because the forex dealers have to keep high margins to avoid any losses on account of MYR price fluctuation in the global market. So the customers end up being at the losing end when 'today's MYR rate in Bir' is the basis for currency exchange.
The complete range of forex products offered by the Company includes MYR currency notes, MYR forex cards, MYR traveler's cheques or remittance products such as MYR demand drafts and MYR wire transfers.Orders are delivered by our own branches or by exchange companies that partner with us
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