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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. 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.
It can be quite a pain for a customer to find out the Saudi Riyal exchange rates today in palayam. It is only BookMyForex that now provides live and real time Saudi Riyal exchange rates today in palayam. BookMyForex also allows you to lock-in the live Saudi Riyal exchange rates today in palayam to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's SAR rate in palayam', which is not really the rate at which currency is exchanged. Through the practice of 'today's SAR rate in palayam' 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 palayam' is just an easy way for forex dealers to make a few extra bucks.
The Company's entire suite of forex products 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 by our own branches or by the branches of our channel partners in India.
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