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It is next to impossible for customers to find the actual Saudi Riyal exchange rates today in Verka especially on the Internet. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time Saudi Riyal exchange rates today in Verka are available 24*7 on BookMyForex’s website for all to see. Customers can buy/ sell their currency at live rates or at a rate they can ‘lock-in’ using the “Freeze the rate” option on the website to avail the best Saudi Riyal exchange rates today in Verka. Our other forex related products and services include SAR forex cards, SAR traveler’s cheques, money transfer and remittance services. Orders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank. Customers can even choose to have their order home-delivered.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s SAR rate in Verka”. Little do customers know that in the the name of “today’s SAR rate in Verka”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to SAR price fluctuation on account of the SAR being traded globally just like any other financial security. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s SAR rate in Verka”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s SAR rate in Verka” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the SAR is traded across the world electronically just like stocks, its prices also fluctuate. BookMyForex on the other hand goes beyond “today’s SAR rate in Verka” and offers far more to the customers, keeping their interest in mind.
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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