1 SGD+SING = N/A INR Interbank/ mid-market Rate at: 2022-05-17 07:28:59
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Customers looking for forex rates have to constantly struggle to find the actual Singapore Dollar rates today in Singur. 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 Singur. 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 Singur. Our other forex related products and services include SGD forex cards, SGD traveler's cheques, money transfer and remittance services. Orders are delivered at our own branches or at the branches of our channel partners. Customers can even choose to have their order home-delivered.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's SGD rate in Singur' which are much higher. Charging 'today's SGD rate in Singur' 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. Being a technology company our offerings go beyond the standard 'today's SGD rate in Singur'. Other foreign exchange dealers in Singur are simply exploiting the customers through the concept of a static 'today's SGD rate in Singur. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the SGD rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. 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 Singur' 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.
So use our interactive order entry cart below and get started.