1 MYR+ITAR = N/A INR Interbank/ mid-market Rate at: 2022-05-21 18:39:16
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Customers looking for forex rates have to constantly struggle to find the actual Malaysian Ringgits rates today in Itarsi. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Malaysian Ringgits exchange rates today in Itarsi. 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 Itarsi 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. Orders are delivered at our own branches or at the branches of our channel partners.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Itarsi' which are much higher. Charging 'today's MYR rate in Itarsi' 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 Itarsi'. Other foreign exchange dealers in Itarsi are simply exploiting the customers through the concept of a static 'today's MYR rate in Itarsi. 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 Itarsi' 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.
So use our interactive order entry cart below and get started.