1 ZAR+SHIM = 4.451 INR Interbank/ mid-market Rate at: 02-12-2023 18:13:54
The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Finding the South African Rand exchange rates today in Shimla used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual South African Rand exchange rates today in Shimla to exchange currency. BookMyForex also allows you to lock-in the live South African Rand exchange rates today in Shimla to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's ZAR rate in Shimla', which is not really the rate at which currency is exchanged. Forex dealers keep a significant margin over and above 'today's ZAR rate in Shimla' to hedge against any ZAR price fluctuation in the global market. So the concept of 'today's ZAR rate in Shimla' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company's entire suite of forex products includes ZAR currency notes, ZAR forex cards, ZAR traveler's cheques or remittance products such as ZAR demand drafts and ZAR wire transfers.Orders are delivered by our own branches or by one of our several hundred channel partner locations, across India.
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