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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. 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 Singapore Dollar exchange rates today in barasat. It is only BookMyForex that now provides live and real time Singapore Dollar exchange rates today in barasat. The other option for customers is to lock-in the Singapore Dollar exchange rates today in barasat by selecting the 'Freeze the rate' option on the website. 'Today's SGD rate in barasat' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. The actual rate for exchanging currency is far higher than the so-called 'today's SGD rate in barasat' because the forex dealers have to keep high margins to avoid any losses on account of SGD price fluctuation in the global market. So the customers end up being at the losing end when 'today's SGD rate in barasat' is the basis for currency exchange.
The complete range of forex products offered by the Company includes SGD currency notes, SGD forex cards, SGD traveler's cheques or remittance products such as SGD demand drafts and SGD wire transfers.Orders are delivered by our own branches or by exchange companies that partner with us
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