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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. 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 Saudi Riyal exchange rates today in Apra. BookMyForex is the first portal in India that provides live rates and actual Saudi Riyal exchange rates today in Apra to exchange currency. The other option for customers is to lock-in the Saudi Riyal exchange rates today in Apra by selecting the “Freeze the rate” option on the website. “Today’s SAR rate in Apra” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. The actual rate for exchanging currency is far higher than the so-called “today’s SAR rate in Apra” 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 Apra” 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 at our own branches or at all Axis Bank and ING Vysya Bank branches, which are our PAN India banking partners.
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