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It is next to impossible for customers to find the actual UAE Dirham exchange rates today in Kottayam especially on the Internet. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time UAE Dirham exchange rates today in Kottayam. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the UAE Dirham exchange rates today in Kottayam and exchange their currency at that rate within three days. We also offer other forex related products that include AED currency notes, AED forex cards, AED traveler’s cheques, as well as money transfer and remittance services through AED wire transfers and AED demand drafts. Orders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank.
BookMyForex being a technology company, its offerings go beyond the standard “today’s AED rate in Kottayam”. Other foreign exchange dealers in Kottayam are simply exploiting the customers through the concept of a static “today’s AED rate in Kottayam”. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the AED rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s AED rate in Kottayam”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s AED rate in Kottayam” 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. 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 Kottayam” 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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