1 AED+IND = 22.6957 INR Interbank/ mid-market Rate at: 28-11-2023 22:00:41
Customers will no longer have to struggle to find the actual UAE Dirham exchange rates today in Indore. 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 UAE Dirham exchange rates today in Indore. 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 UAE Dirham exchange rates today in Indore. Our other forex related products and services include AED forex cards, AED 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.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s AED rate in Indore”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s AED rate in Indore” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the AED is traded across the world electronically just like stocks, its prices also fluctuate. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s AED rate in Indore”. Little do customers know that in the the name of “today’s AED rate in Indore”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to AED price fluctuation on account of the AED 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 AED rate in Indore” therefore, is just a means to exploit the customer.
A pioneer in the forex markets in India, Mr. Sudarshan Motwani founded BookMyForex to overcome the challenges of a disorganized forex market, widely fluctuating prices and lack of uniformity in forex products and regulations in India. Mr. Motwani successfully established and ran the Foreign Exchange division at some of India’s leading banks and therefore has the expertise to turn things around in the current market scenario. Our services are already available online across India.
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