1 ZAR+MAU = 4.9081 INR Interbank/ mid-market Rate at: 2022-05-24 22:24:23
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Customers will no longer have to struggle to find the actual South African Rand exchange rates today in Mau. 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 Mau 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 Mau 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 are delivered at our own branches or at the branches of our channel partners.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's ZAR rate in Mau' which are much higher. Charging 'today's ZAR rate in Mau' 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. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's ZAR rate in Mau'. Little do customers know that in the the name of 'today's ZAR rate in Mau', 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. In the name of 'today's ZAR rate in Mau', 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.
So use our interactive order entry cart below and get started.