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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. BookMyForex was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.
Malaysian Ringgits exchange rates today in Faizabad are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Malaysian Ringgits exchange rates today in Faizabad to exchange currency. You also have the option to lock-in the Malaysian Ringgits exchange rates today in Faizabad 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 Faizabad', which isn't actually the rate at which currency is exchanged. Forex dealers keep a significant margin over and above 'today's MYR rate in Faizabad' to hedge against any MYR price fluctuation in the global market. So the norm of 'today's MYR rate in Faizabad' is just an easy way for forex dealers to make a few extra bucks.
The Company's entire suite of forex products 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 the branches of our channel partners in India.
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