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.

It can be quite a pain for a customer to find out the Singapore Dollar exchange rates today in Salem. It is only BookMyForex that now provides live and real time Singapore Dollar exchange rates today in Salem. You also have the option to lock-in the Singapore Dollar exchange rates today in Salem to exchange currency by using the 'Freeze the rate' option on the website. Other currency exchangers and websites use the base rate or interbank rate as 'today's SGD rate in Salem', which isn't actually the rate at which currency is exchanged. Forex dealers keep a significant margin over and above 'today's SGD rate in Salem' to hedge against any SGD price fluctuation in the global market. So the concept of 'today's SGD rate in Salem' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.

The complete range of forex products offered by the Company 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 by our own branches or by exchange companies that partner with us

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