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Customers will no longer have to struggle to find the actual Thai Baht exchange rates today in Nagpur. Most websites on the net don’t provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Thai Baht exchange rates today in Nagpur. 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 Thai Baht exchange rates today in Nagpur. Our other forex related products and services include THB forex cards, THB traveler’s cheques, money transfer and remittance services. Product delivery is done at our branches or at all Axis Bank and ING Bank branches, our nation-wide banking distribution partners.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s THB rate in Nagpur”. Little do customers know that in the the name of “today’s THB rate in Nagpur”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to THB price fluctuation on account of the THB being traded globally just like any other financial security. Being a technology company our offerings go beyond the standard “today’s THB rate in Nagpur”. Other foreign exchange dealers in Nagpur are simply exploiting the customers through the concept of a static “today’s THB rate in Nagpur. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the THB rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s THB rate in Nagpur” therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India’s leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
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