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Actual US Dollar exchange rates today in Nagpur 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 US Dollar exchange rates today in Nagpur. Customers have the choice to book their order at live rates or at US Dollar exchange rates today in Nagpur 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 Nagpur.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s USD rate in Nagpur”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s USD rate in Nagpur” 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. Being a technology company our offerings go beyond the standard “today’s USD rate in Nagpur”. Other foreign exchange dealers in Nagpur are simply exploiting the customers through the concept of a static “today’s USD rate in Nagpur. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the USD rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. 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 Nagpur” therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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