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Customers looking for forex rates have to constantly struggle to find the actual Malaysian Ringgits rates today in Guntur. This is because most of the rates you see online are just interbank or base rates, which aren't actual currency exchange rates. But now live and real time Malaysian Ringgits exchange rates today in Guntur are available 24*7 on BookMyForex's website for all to see. Customers have the choice to book their order at live rates or at Malaysian Ringgits exchange rates today in Guntur 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 are delivered at our own branches or at the branches of our channel partners.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's MYR rate in Guntur'. Little do customers know that in the the name of 'today's MYR rate in Guntur', 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or 'today's MYR rate in Guntur', BookMyForex's offerings are more customer-oriented in terms of price and convenience. The norm of 'today's MYR rate in Guntur' for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the MYR is traded across the world electronically just like stocks, its prices also fluctuate. 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 Guntur' 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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