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Customers will no longer have to struggle to find the actual Saudi Riyal exchange rates today in Dharmshala. 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 Saudi Riyal exchange rates today in Dharmshala. Customers have the choice to book their order at live rates or at Saudi Riyal exchange rates today in Dharmshala that they can select by using the “Freeze the rate” option on our website. Our full suite of forex related products includes SAR currency notes, SAR forex cards, SAR traveler’s cheques and SAR money transfer and remittance services using SAR DDs and SAR wire transfers. Customers can visit Axis Bank and ING Vysya Bank, our nation-wide banking partners, 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 SAR rate in Dharmshala”. Little do customers know that in the the name of “today’s SAR rate in Dharmshala”, 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. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s SAR rate in Dharmshala” which are much higher. Charging “today’s SAR rate in Dharmshala” 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. 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 Dharmshala” 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.
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