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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
It can be quite a pain for a customer to find out the US Dollar exchange rates today in Faridabad. But not anymore?Live and real time US Dollar exchange rates today in Faridabad are now available on BookMyForex for currency exchange. You also have the option to lock-in the US Dollar exchange rates today in Faridabad to exchange currency by using the ?Freeze the rate? option on the website. Other currency exchangers and websites use the base rate or interbank rate as ?today?s USD rate in Faridabad?, which isn?t actually the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called ?today?s USD rate in Faridabad? because the forex dealers have to keep high margins to avoid any losses on account of USD price fluctuation in the global market. So the norm of ?today?s USD rate in Faridabad? is just an easy way for forex dealers to make a few extra bucks.
The complete range of forex products offered by the Company includes USD currency notes, USD forex cards, USD traveler?s cheques or remittance products such as USD demand drafts and USD wire transfers.Orders are delivered at our own branches or at all Axis Bank and ING Vysya Bank branches, which are our PAN India banking partners.
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