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

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Live MYR RATES
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Malaysian Ringgits Rates in Panipat

Actual Malaysian Ringgits exchange rates today in Panipat have never been easy to find until now. 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 Panipat. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Malaysian Ringgits exchange rates today in Panipat by using the 'Freeze the rate' option on our website. We provide the entire gamut of forex related products & services that include MYR currency notes, MYR forex cards, MYR traveler's cheques, money transfer and remittance services. Product delivery is done at our branches or at all channel partner branches.

While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Panipat' which are much higher. Charging 'today's MYR rate in Panipat' 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. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's MYR rate in Panipat'. Little do customers know that in the the name of 'today's MYR rate in Panipat', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to MYR price fluctuation on account of the MYR being traded globally just 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 Panipat' 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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