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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. BookMyForex, a leading e-commerce website for forex, was established in 2012 by Mr. Sudarshan Motwani to plug these gaps in and streamline the market. He has earlier headed the forex function at HDFC Bank and ING Vysya Bank.
It can be quite a pain for a customer to find out the Malaysian Ringgits exchange rates today in Rangpo. BookMyForex is the first portal in India that provides live rates and actual Malaysian Ringgits exchange rates today in Rangpo to exchange currency. You also have the option to lock-in the Malaysian Ringgits exchange rates today in Rangpo 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 Rangpo', 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 Rangpo' to hedge against any MYR price fluctuation in the global market. So the concept of 'today's MYR rate in Rangpo' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
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 exchange companies that partner with us
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