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

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Malaysian Ringgits Rates in Kanyakumari

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 Kanyakumari are not really easy to find on any website. It is only BookMyForex that now provides live and real time Malaysian Ringgits exchange rates today in Kanyakumari. The other option for customers is to lock-in the Malaysian Ringgits exchange rates today in Kanyakumari by selecting the 'Freeze the rate' option on the website. 'Today's MYR rate in Kanyakumari' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Forex dealers keep a significant margin over and above 'today's MYR rate in Kanyakumari' to hedge against any MYR price fluctuation in the global market. So the norm of 'today's MYR rate in Kanyakumari' is just an easy way for forex dealers to make a few extra bucks.

The complete range of forex products offered by the Company 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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