1 ZAR+MEMA = N/A INR Interbank/ mid-market Rate at: 2022-05-20 07:24:56
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Customers looking for forex rates have to constantly struggle to find the actual South African Rand rates today in Memari. 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 Memari are available 24*7 on BookMyForex's website for all to see. 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 Memari. Our other forex related products and services include ZAR forex cards, ZAR traveler's cheques, money transfer and remittance services. 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 Memari' which are much higher. Charging 'today's ZAR rate in Memari' 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. Being a technology company our offerings go beyond the standard 'today's ZAR rate in Memari'. Other foreign exchange dealers in Memari are simply exploiting the customers through the concept of a static 'today's ZAR rate in Memari. 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. In the name of 'today's ZAR rate in Memari', 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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