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

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Malaysian Ringgits Rates in Shimoga

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 was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.

It can be quite a pain for a customer to find out the Malaysian Ringgits exchange rates today in Shimoga. BookMyForex is the first portal in India that provides live rates and actual Malaysian Ringgits exchange rates today in Shimoga to exchange currency. The other option for customers is to lock-in the Malaysian Ringgits exchange rates today in Shimoga by selecting the 'Freeze the rate' option on the website. 'Today's MYR rate in Shimoga' 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 Shimoga' to hedge against any MYR price fluctuation in the global market. So the concept of 'today's MYR rate in Shimoga' 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 entire suite of forex products 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 one of our several hundred channel partner locations, across India.

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