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Actual UAE Dirham exchange rates today in Pune have never been easy to find until now. 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 Pune. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the AED exchange rates today in Pune 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. Product delivery is done at our branches or at all Axis Bank and ING Bank branches, our nation-wide banking distribution partners.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s AED rate in Pune” which are much higher. Charging “today’s AED rate in Pune” 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s AED rate in Pune”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s AED rate in Pune” 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 Pune” 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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