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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
It can be quite a pain for a customer to find out the Vietnam Dong exchange rates today in Morbi. It is only BookMyForex that now provides live and real time Vietnam Dong exchange rates today in Morbi. The other option for customers is to lock-in the Vietnam Dong exchange rates today in Morbi by selecting the 'Freeze the rate' option on the website. 'Today's VND rate in Morbi' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Forex dealers keep a significant margin over and above 'today's VND rate in Morbi' to hedge against any VND price fluctuation in the global market. So the concept of 'today's VND rate in Morbi' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company's offerings of forex and related services are already available across the country and include currency exchange, VND currency notes, VND forex cards, VND traveler's cheques or remittance products such as VND demand drafts and VND wire transfers.Orders are delivered by our own branches or by one of our several hundred channel partner locations, across India.
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