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Customers will no longer have to struggle to find the actual Saudi Riyal exchange rates today in bareli. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Saudi Riyal exchange rates today in bareli. So customers can either buy forex at live rates or select the 'Freeze the rate' option on our website to lock-in the Saudi Riyal exchange rates today in bareli and exchange their currency at that rate within three days. We also offer other forex related products that include SAR currency notes, SAR forex cards, SAR traveler's cheques, as well as money transfer and remittance services through SAR wire transfers and SAR demand drafts. Orders are delivered at our own branches or at the branches of our channel partners. Customers can even choose to have their order home-delivered.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's SAR rate in bareli' which are much higher. Charging 'today's SAR rate in bareli' provides a cushioning effect to avoid incurring losses due to SAR price fluctuation in the market because just like stocks SARs 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 SAR rate in bareli'. Little do customers know that in the the name of 'today's SAR rate in bareli', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to SAR price fluctuation on account of the SAR being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's SAR rate in bareli' 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.
You can get started by using our interactive order entry cart below.