1 SGD+MAD = 56.6199 INR Interbank/ mid-market Rate at: 2022-07-01 18:41:51
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|Buy SGD Wire Transfer||₹57.2699|
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|Buy SGD Demand Draft||₹57.2899|
The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. 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.
Singapore Dollar exchange rates today in Madurai are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Singapore Dollar exchange rates today in Madurai to exchange currency. The other option for customers is to lock-in the Singapore Dollar exchange rates today in Madurai by selecting the “Freeze the rate” option on the website. “Today’s SGD rate in Madurai” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. Forex dealers keep a significant margin over and above “today’s SGD rate in Madurai” to hedge against any SGD price fluctuation in the global market. So the concept of “today’s SGD rate in Madurai” is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
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 the branches of ING Vysya bank and Axis bank, our banking partners in India.
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