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It is next to impossible for customers to find the actual South African Rand exchange rates today in Karaikudi especially on the Internet. 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 South African Rand exchange rates today in Karaikudi 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 South African Rand exchange rates today in Karaikudi and exchange their currency at that rate within three days. We also offer other forex related products that include ZAR currency notes, ZAR forex cards, ZAR traveler's cheques, as well as money transfer and remittance services through ZAR wire transfers and ZAR demand drafts. Orders can be collected at our branches or at locations of our partnering RBI authorized exchange companies/ banks, in Karaikudi.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's ZAR rate in Karaikudi'. Little do customers know that in the the name of 'today's ZAR rate in Karaikudi', 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. Being a technology company our offerings go beyond the standard 'today's ZAR rate in Karaikudi'. Other foreign exchange dealers in Karaikudi are simply exploiting the customers through the concept of a static 'today's ZAR rate in Karaikudi. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the ZAR 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 ZAR rate in Karaikudi' therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India's leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
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