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It is next to impossible for customers to find the actual US Dollar exchange rates today in Pathanamthitta especially on the Internet. 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 Pathanamthitta are available 24*7 on BookMyForex’s website for all to see. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the US Dollar exchange rates today in Pathanamthitta and exchange their currency at that rate within three days. We also offer other forex related products that include USD currency notes, USD forex cards, USD traveler’s cheques, as well as money transfer and remittance services through USD wire transfers and USD demand drafts. Customers can visit Axis Bank and ING Vysya Bank, our nation-wide banking partners, to collect their orders.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s USD rate in Pathanamthitta” which are much higher. Charging “today’s USD rate in Pathanamthitta” 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 Pathanamthitta”. Little do customers know that in the the name of “today’s USD rate in Pathanamthitta”, 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. 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 Pathanamthitta” 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.
You can get started by using our interactive order entry cart below.