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Customers will no longer have to struggle to find the actual Malaysian Ringgits exchange rates today in Rourkela. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time Malaysian Ringgits exchange rates today in Rourkela. So customers can either buy forex at live rates or select the 'Freeze the rate' option on our website to lock-in the Malaysian Ringgits exchange rates today in Rourkela and exchange their currency at that rate within three days. We also offer other forex related products that include MYR currency notes, MYR forex cards, MYR traveler's cheques, as well as money transfer and remittance services through MYR wire transfers and MYR demand drafts. Orders can be collected at our branches or at locations of our partnering RBI authorized exchange companies/ banks, in Rourkela.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's MYR rate in Rourkela' which are much higher. Charging 'today's MYR rate in Rourkela' 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 Rourkela'. Little do customers know that in the the name of 'today's MYR rate in Rourkela', 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. Using it's strong IT infrastructure to its advantage, BookMyForex offers far better options to customers
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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