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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.
It can be quite a pain for a customer to find out the Malaysian Ringgits exchange rates today in Miryalguda. BookMyForex is the first portal in India that provides live rates and actual Malaysian Ringgits exchange rates today in Miryalguda to exchange currency. The other option for customers is to lock-in the Malaysian Ringgits exchange rates today in Miryalguda by selecting the 'Freeze the rate' option on the website. 'Today's MYR rate in Miryalguda' 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 Miryalguda' to hedge against any MYR price fluctuation in the global market. So the concept of 'today's MYR rate in Miryalguda' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company's offerings of forex and related services are already available across the country and include currency exchange, 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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