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Saudi Riyal Rates in Kochi

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 Kochi are not really easy to find on any website. But not anymore…Live and real time Saudi Riyal exchange rates today in Kochi are now available on BookMyForex for currency exchange. You also have the option to lock-in the Saudi Riyal exchange rates today in Kochi 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 Kochi”, 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 Kochi” 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 norm of “today’s SAR rate in Kochi” is just an easy way for forex dealers to make a few extra bucks.

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 the branches of ING Vysya bank and Axis bank, our banking partners in India.

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