1 LKR+KALY = 0.2175 INR Interbank/ mid-market Rate at: 2022-05-27 20:15:19
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Customers will no longer have to struggle to find the actual Sri Lankan Rupee exchange rates today in Kalyan. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Sri Lankan Rupee exchange rates today in Kalyan. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Sri Lankan Rupee exchange rates today in Kalyan by using the 'Freeze the rate' option on our website. We provide the entire gamut of forex related products & services that include LKR currency notes, LKR forex cards, LKR traveler's cheques, money transfer and remittance services. Product delivery is done at our branches or at all channel partner branches.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's LKR rate in Kalyan' which are much higher. Charging 'today's LKR rate in Kalyan' provides a cushioning effect to avoid incurring losses due to LKR price fluctuation in the market because just like stocks LKRs 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 LKR rate in Kalyan'. Little do customers know that in the the name of 'today's LKR rate in Kalyan', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to LKR price fluctuation on account of the LKR being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's LKR rate in Kalyan' therefore, is just a means to exploit the customer.
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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