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Customers looking for forex rates have to constantly struggle to find the actual US Dollar rates today in Margao. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time US Dollar exchange rates today in Margao. Customers have the choice to book their order at live rates or at US Dollar exchange rates today in Margao 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. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Margao.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s USD rate in Margao”. Little do customers know that in the the name of “today’s USD rate in Margao”, 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s USD rate in Margao”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s USD rate in Margao” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the USD 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 USD rate in Margao” 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.
So use our interactive order entry cart below and get started.