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Customers will no longer have to struggle to find the actual Saudi Riyal exchange rates today in Ludhiana. 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 Ludhiana. 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 Ludhiana 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 banking partners – ING Vysya bank and Axis bank.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s SAR rate in Ludhiana”. Little do customers know that in the the name of “today’s SAR rate in Ludhiana”, 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 Ludhiana” which are much higher. Charging “today’s SAR rate in Ludhiana” 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. BookMyForex on the other hand goes beyond “today’s SAR rate in Ludhiana” and offers far more to the customers, keeping their interest in mind.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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