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It is next to impossible for customers to find the actual Singapore Dollar exchange rates today in Kollam especially on the Internet. 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 Kollam. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Singapore Dollar exchange rates today in Kollam by using the “Freeze the rate” option on our website. We provide the entire gamut of forex related products & services that include SGD currency notes, SGD forex cards, SGD traveler’s cheques, money transfer and remittance services. Product delivery is done at our branches or at all Axis Bank and ING Bank branches, our nation-wide banking distribution partners.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s SGD rate in Kollam” which are much higher. Charging “today’s SGD rate in Kollam” 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s SGD rate in Kollam”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s SGD rate in Kollam” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the SGD is traded across the world electronically just like stocks, its prices also fluctuate. 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 Kollam” therefore, is just a means to exploit the customer.
A pioneer in the forex markets in India, Mr. Sudarshan Motwani founded BookMyForex to overcome the challenges of a disorganized forex market, widely fluctuating prices and lack of uniformity in forex products and regulations in India. Mr. Motwani successfully established and ran the Foreign Exchange division at some of India’s leading banks and therefore has the expertise to turn things around in the current market scenario. Our services are already available online across India.
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