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Customers looking for forex rates have to constantly struggle to find the actual Omani Rial rates today in Rewa. 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 Omani Rial exchange rates today in Rewa 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 Omani Rial exchange rates today in Rewa. Our other forex related products and services include OMR forex cards, OMR 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 OMR rate in Rewa' which are much higher. Charging 'today's OMR rate in Rewa' 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. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's OMR rate in Rewa'. Little do customers know that in the the name of 'today's OMR rate in Rewa', 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. In the name of 'today's OMR rate in Rewa', most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to OMR price fluctuation.
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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