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Customers will no longer have to struggle to find the actual Malaysian Ringgits exchange rates today in Chickmagalur. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Malaysian Ringgits exchange rates today in Chickmagalur. So customers can either buy forex at live rates or select the 'Freeze the rate' option on our website to lock-in the Malaysian Ringgits exchange rates today in Chickmagalur and exchange their currency at that rate within three days. We also offer other forex related products that include MYR currency notes, MYR forex cards, MYR traveler's cheques, as well as money transfer and remittance services through MYR wire transfers and MYR demand drafts. Product delivery is done at our branches or at all channel partner branches.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Chickmagalur' which are much higher. Charging 'today's MYR rate in Chickmagalur' 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. Being a technology company our offerings go beyond the standard 'today's MYR rate in Chickmagalur'. Other foreign exchange dealers in Chickmagalur are simply exploiting the customers through the concept of a static 'today's MYR rate in Chickmagalur. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the MYR 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 MYR rate in Chickmagalur' therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India's leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
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