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

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Malaysian Ringgits Rates in Kalol

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. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.

Malaysian Ringgits exchange rates today in Kalol are not really easy to find on any website. But not anymore - Live and real time Malaysian Ringgits exchange rates today in Kalol are now available on BookMyForex for currency exchange. You also have the option to lock-in the Malaysian Ringgits exchange rates today in Kalol 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 Kalol', 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 Kalol' to hedge against any MYR price fluctuation in the global market. So the customers end up being at the losing end when 'today's MYR rate in Kalol' is the basis for currency exchange.

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 one of our several hundred channel partner locations, across India.

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