1 USD+PDY = 83.3 INR Interbank/ mid-market Rate at: 03-12-2023 23:49:09
Customers will no longer have to struggle to find the actual US Dollar exchange rates today in Pondicherry. 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 Pondicherry. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live US Dollar exchange rates today in Pondicherry by using the “Freeze the rate” option on our website. We provide the entire gamut of forex related products & services that include USD currency notes, USD forex cards, USD traveler’s cheques, money transfer and remittance services. 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.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s USD rate in Pondicherry”. Little do customers know that in the the name of “today’s USD rate in Pondicherry”, 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. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s USD rate in Pondicherry” which are much higher. Charging “today’s USD rate in Pondicherry” 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. In the name of “today’s USD rate in Pondicherry”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to USD price fluctuation.
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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