1 SAR+MALE = N/A INR Interbank/ mid-market Rate at: 07-10-2024 11:40:39
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Customers looking for forex rates have to constantly struggle to find the actual Saudi Riyal rates today in Malerkotla. 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 Malerkotla. Customers have the choice to book their order at live rates or at Saudi Riyal exchange rates today in Malerkotla 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. Product delivery is done at our branches or at all partnering locations across India. Orders can also be home-delivered free of cost.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's SAR rate in Malerkotla' which are much higher. Charging 'today's SAR rate in Malerkotla' 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. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's SAR rate in Malerkotla' which are much higher. Charging 'today's SAR rate in Malerkotla' 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 Malerkotla' 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.
To get started use our interactive order entry cart below.