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Saudi Riyal Rates in Margao

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. BookMyForex was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.

Saudi Riyal exchange rates today in Margao are not really easy to find on any website. It is only BookMyForex that now provides live and real time Saudi Riyal exchange rates today in Margao. BookMyForex also allows you to lock-in the live Saudi Riyal exchange rates today in Margao to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as “today’s SAR rate in Margao”, which is not really the rate at which currency is exchanged. Through the practice of “today’s SAR rate in Margao” the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Saudi Riyals are traded electronically worldwide. So the norm of “today’s SAR rate in Margao” 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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