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Customers will no longer have to struggle to find the actual Singapore Dollar exchange rates today in Pune. Most websites on the net don’t provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Singapore Dollar exchange rates today in Pune. Customers can buy/ sell their currency at live rates or at a rate they can ‘lock-in’ using the “Freeze the rate” option on the website to avail the best Singapore Dollar exchange rates today in Pune. Our other forex related products and services include 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.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s SGD rate in Pune”. Little do customers know that in the the name of “today’s SGD rate in Pune”, 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s SGD rate in Pune”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s SGD rate in Pune” 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 Pune” therefore, is just a means to exploit the customer.
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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