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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.
Finding the Saudi Riyal exchange rates today in Panvel used to be a challenge until BookMyForex came into the picture. But not anymore - Live and real time Saudi Riyal exchange rates today in Panvel are now available on BookMyForex for currency exchange. The other option for customers is to lock-in the Saudi Riyal exchange rates today in Panvel by selecting the 'Freeze the rate' option on the website. 'Today's SAR rate in Panvel' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Through the practice of 'today's SAR rate in Panvel' 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 customers end up being at the losing end when 'today's SAR rate in Panvel' is the basis for currency exchange.
The Company's offerings of forex and related services are already available across the country and include currency exchange, 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 one of our several hundred channel partner locations, across India.
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