1 ZAR+BAT = N/A INR Interbank/ mid-market Rate at: 2022-05-24 20:40:47
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Customers looking for forex rates have to constantly struggle to find the actual South African Rand rates today in Batala. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time South African Rand exchange rates today in Batala. 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 South African Rand exchange rates today in Batala. Our other forex related products and services include ZAR forex cards, ZAR traveler's cheques, money transfer and remittance services. Product delivery is done at our branches or at all channel partner branches.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's ZAR rate in Batala'. Little do customers know that in the the name of 'today's ZAR rate in Batala', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to ZAR price fluctuation on account of the ZAR 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 ZAR rate in Batala' which are much higher. Charging 'today's ZAR rate in Batala' provides a cushioning effect to avoid incurring losses due to ZAR price fluctuation in the market because just like stocks ZARs are also traded electronically across the globe like any other financial security. In the name of 'today's ZAR rate in Batala', most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to ZAR price fluctuation.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India's leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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