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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. 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.
Thai Baht exchange rates today in Mumbai are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Thai Baht exchange rates today in Mumbai to exchange currency. BookMyForex also allows you to lock-in the live Thai Baht exchange rates today in Mumbai to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as ?today?s THB rate in Mumbai?, which is not really the rate at which currency is exchanged. Through the practice of ?today?s THB rate in Mumbai? the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Thai Bahts are traded electronically worldwide. So the concept of ?today?s THB rate in Mumbai? is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes THB currency notes, THB forex cards, THB traveler?s cheques or remittance products such as THB demand drafts and THB wire transfers.Orders are delivered at our own branches or at the branches of ING Vysya bank and Axis bank, our banking partners in India.
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