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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.
Finding the Singapore Dollar exchange rates today in Delhi used to be a challenge until BookMyForex came into the picture. It is only BookMyForex that now provides live and real time Singapore Dollar exchange rates today in Delhi. BookMyForex also allows you to lock-in the live Singapore Dollar exchange rates today in Delhi to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as ?today?s SGD rate in Delhi?, which is not really the rate at which currency is exchanged. Forex dealers keep a significant margin over and above ?today?s SGD rate in Delhi? to hedge against any SGD price fluctuation in the global market. So the customers end up being at the losing end when ?today?s SGD rate in Delhi? is the basis for currency exchange.
The Company?s entire suite of forex products 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 at our own branches or at our banking partners? branches, viz. Axis Bank and ING Vysya Bank, across India.
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