Today's Saudi Riyal Rates for Foreign Exchange and Money Transfer from India

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Saudi Riyal Rates in Vasco

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 Vasco. BookMyForex is the first portal in India that provides live rates and actual Saudi Riyal exchange rates today in Vasco to exchange currency. The other option for customers is to lock-in the Saudi Riyal exchange rates today in Vasco by selecting the 'Freeze the rate' option on the website. 'Today's SAR rate in Vasco' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Forex dealers keep a significant margin over and above 'today's SAR rate in Vasco' to hedge against any SAR price fluctuation in the global market. So the concept of 'today's SAR rate in Vasco' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.

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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