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Actual Singapore Dollar exchange rates today in Batala have never been easy to find until now. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time Singapore Dollar exchange rates today in Batala. Customers have the choice to book their order at live rates or at Singapore Dollar exchange rates today in Batala that they can select by using the “Freeze the rate” option on our website. Our full suite of forex related products includes SGD currency notes, SGD forex cards, SGD traveler’s cheques and SGD money transfer and remittance services using SGD DDs and SGD wire transfers. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Batala. Orders can also be delivered at home free of cost.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s SGD rate in Batala” which are much higher. Charging “today’s SGD rate in Batala” provides a cushioning effect to avoid incurring losses due to SGD price fluctuation in the market because just like stocks SGDs are also traded electronically across the globe like any other financial security. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s SGD rate in Batala”. Little do customers know that in the the name of “today’s SGD rate in Batala”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to SGD price fluctuation on account of the SGD being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s SGD rate in Batala” therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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