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It is next to impossible for customers to find the actual UAE Dirham exchange rates today in Peravallur especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time UAE Dirham exchange rates today in Peravallur. 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 Peravallur 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. Customers can even choose to have their order home-delivered.
BookMyForex being a technology company, its offerings go beyond the standard “today’s AED rate in Peravallur”. Other foreign exchange dealers in Peravallur are simply exploiting the customers through the concept of a static “today’s AED rate in Peravallur”. 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. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s AED rate in Peravallur” which are much higher. Charging “today’s AED rate in Peravallur” 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. 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 Peravallur” 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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