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Actual US Dollar exchange rates today in Madurai have never been easy to find until now. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time US Dollar exchange rates today in Madurai are available 24*7 on BookMyForex’s website for all to see. Customers have the choice to book their order at live rates or at US Dollar exchange rates today in Madurai that they can select by using the “Freeze the rate” option on our website. Our full suite of forex related products includes USD currency notes, USD forex cards, USD traveler’s cheques and USD money transfer and remittance services using USD DDs and USD wire transfers. Customers can visit Axis Bank and ING Vysya Bank, our nation-wide banking partners, to collect their orders or they can have the order home-delivered free of cost.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s USD rate in Madurai” which are much higher. Charging “today’s USD rate in Madurai” provides a cushioning effect to avoid incurring losses due to USD price fluctuation in the market because just like stocks USDs are also traded electronically across the globe like any other financial security. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s USD rate in Madurai”. Little do customers know that in the the name of “today’s USD rate in Madurai”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to USD price fluctuation on account of the USD being traded globally just like any other financial security. In the name of “today’s USD rate in Madurai”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to USD price fluctuation.
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.
So use our interactive order entry cart below and get started.