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Actual Singapore Dollar exchange rates today in Nawanshahar have never been easy to find until now. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time Singapore Dollar exchange rates today in Nawanshahar are available 24*7 on BookMyForex’s website for all to see. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the Singapore Dollar exchange rates today in Nawanshahar and exchange their currency at that rate within three days. We also offer other forex related products that include SGD currency notes, SGD forex cards, SGD traveler’s cheques, as well as money transfer and remittance services through SGD wire transfers and SGD demand drafts. Product delivery is done at our branches or at all Axis Bank and ING Bank branches, our nation-wide banking distribution partners.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s SGD rate in Nawanshahar”. Little do customers know that in the the name of “today’s SGD rate in Nawanshahar”, 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. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s SGD rate in Nawanshahar” which are much higher. Charging “today’s SGD rate in Nawanshahar” 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. In the name of “today’s SGD rate in Nawanshahar”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to SGD price fluctuation.
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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