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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. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Saudi Riyal exchange rates today in angamaly are not really easy to find on any website. It is only BookMyForex that now provides live and real time Saudi Riyal exchange rates today in angamaly. You also have the option to lock-in the Saudi Riyal exchange rates today in angamaly to exchange currency by using the 'Freeze the rate' option on the website. Other currency exchangers and websites use the base rate or interbank rate as 'today's SAR rate in angamaly', which isn't actually the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called 'today's SAR rate in angamaly' because the forex dealers have to keep high margins to avoid any losses on account of SAR price fluctuation in the global market. So the concept of 'today's SAR rate in angamaly' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes SAR currency notes, SAR forex cards, SAR traveler's cheques or remittance products such as SAR demand drafts and SAR wire transfers.Orders are delivered by our own branches or by the branches of our channel partners in India.
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