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

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Malaysian Ringgits Rates in Dewas

Customers will no longer have to struggle to find the actual Malaysian Ringgits exchange rates today in Dewas. 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 Dewas. 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 Dewas 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. Customers can visit one of our channel partner locations to collect their orders.

While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Dewas' which are much higher. Charging 'today's MYR rate in Dewas' 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. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Dewas' which are much higher. Charging 'today's MYR rate in Dewas' 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 Dewas' 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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