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It is next to impossible for customers to find the actual Omani Rial exchange rates today in Nagpur especially on the Internet. 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 Omani Rial exchange rates today in Nagpur. So customers can either buy forex at live rates or select the 'Freeze the rate' option on our website to lock-in the Omani Rial exchange rates today in Nagpur and exchange their currency at that rate within three days. We also offer other forex related products that include OMR currency notes, OMR forex cards, OMR traveler's cheques, as well as money transfer and remittance services through OMR wire transfers and OMR demand drafts. Customers can visit our channel partner locations to collect their orders or they can have the order home-delivered free of cost.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's OMR rate in Nagpur'. Little do customers know that in the the name of 'today's OMR rate in Nagpur', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to OMR price fluctuation on account of the OMR being traded globally just like any other financial security. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's OMR rate in Nagpur' which are much higher. Charging 'today's OMR rate in Nagpur' provides a cushioning effect to avoid incurring losses due to OMR price fluctuation in the market because just like stocks OMRs are also traded electronically across the globe like any other financial security. In the name of 'today's OMR rate in Nagpur', most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to OMR price fluctuation.
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.
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