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

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Malaysian Ringgits Rates in Kozhikode

Customers looking for forex rates have to constantly struggle to find the actual Malaysian Ringgits rates today in Kozhikode. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Malaysian Ringgits exchange rates today in Kozhikode. Customers have the choice to book their order at live rates or at Malaysian Ringgits exchange rates today in Kozhikode 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.

Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or 'today's MYR rate in Kozhikode', BookMyForex's offerings are more customer-oriented in terms of price and convenience. The norm of 'today's MYR rate in Kozhikode' 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. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Kozhikode' which are much higher. Charging 'today's MYR rate in Kozhikode' 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. 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 Kozhikode' 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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