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Customers will no longer have to struggle to find the actual Malaysian Ringgits exchange rates today in Vellore. This is because most of the rates you see online are just interbank or base rates, which aren't actual currency exchange rates. But now live and real time Malaysian Ringgits exchange rates today in Vellore are available 24*7 on BookMyForex's website for all to see. Customers can buy/ sell their currency at live rates or at a rate they can 'lock-in' using the 'Freeze the rate' option on the website to avail the best Malaysian Ringgits exchange rates today in Vellore. Our other forex related products and services include 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 Vellore' which are much higher. Charging 'today's MYR rate in Vellore' 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. Being a technology company our offerings go beyond the standard 'today's MYR rate in Vellore'. Other foreign exchange dealers in Vellore are simply exploiting the customers through the concept of a static 'today's MYR rate in Vellore. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the MYR rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. 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 Vellore' therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India's leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
To get started use our interactive order entry cart below.