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UAE Dirham Rates in Navi Mumbai

Actual UAE Dirham exchange rates today in Navi Mumbai have never been easy to find until now. 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 Navi Mumbai. 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 Navi Mumbai. Our other forex related products and services include AED forex cards, AED traveler’s cheques, money transfer and remittance services. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Navi Mumbai.

While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s AED rate in Navi Mumbai” which are much higher. Charging “today’s AED rate in Navi Mumbai” provides a cushioning effect to avoid incurring losses due to AED price fluctuation in the market because just like stocks AEDs are also traded electronically across the globe like any other financial security. Being a technology company our offerings go beyond the standard “today’s AED rate in Navi Mumbai”. Other foreign exchange dealers in Navi Mumbai are simply exploiting the customers through the concept of a static “today’s AED rate in Navi Mumbai. 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. 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 Navi Mumbai” therefore, is just a means to exploit the customer.

The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.

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