How to save money while remitting USD
by Book My forex Best Forex Services Online | Convert Foreign CurreScanning for an appropriate and more affordable International
money transfer choice from India is a serious repetitive assignment. The United
States of America has a solid monetary and relational association with India. A
huge tally of Indians has relocated to the US for factors like employments,
higher investigations, nourishment business, and better way of life openings.
In this way, it is sheltered to expect transmitting USD from India is something
that happen every day. It tends to be finished with help from a bank or an
online money changer like BookMyForex.
Remittance of USD is directly dependent on current, i.e. live
US dollar rate today.
Apart from trade and business reasons, foreign currency exchangers consider the
USD Buying rate as the most
preferred benchmark or point of reference while buying and selling currency
from nations other than India. Any rise or fall of the US dollar rate will have a directly proportional effect to the
INR/USD exchange rate.
USD remittance can be expensive especially if “Today US dollar rate” is skyrocketing.
What does one do in such case? Wait? Or maybe look for other reliable options
the online vendor or bank has to offer. The prime most reason online money
changers came into existence is to provide more transparency in the fee
structure and margin while carrying out forex transactions. One can register on
an online platform like BookMyForex
to buy and sell USD or any other foreign currency at a rate, suitable to them.
Save money by buying/selling
forex online
The first agenda to launch an online initiative is to offer
the customers or traders a clear picture of the exchange rates. By carrying out
an online transaction you can save money on interbank commission and buy/sell
foreign currency at a profitable margin.
Whether you wish to send money back home in India or pay your
son’s/daughter’s education fees abroad, remitting USD via an online platform
like BookMyForex is any day more
economically viable and feasible than opting for a bank. Some of the
liberalized remittance schemes as per the RBI, where an Indian national can
remit foreign currency like USD includes overseas education, medical treatment,
care giving to a close relative, emigration fee, employment and international
visits that includes personal travel. For any of the above scenarios, BookMyForex can offer you the best
rates by way of:
●
Foreign currency
●
Forex cards
●
Traveller’s cheques
●
Wired money transfer
● Demand draft
Note: The US dollar rate
vary from time to time for different mediums of foreign exchange. For example,
the forex card, the traveller’s cheque, and the currency notes might showcase a
difference of few decimal points in their value. This is because currency rates
are dynamic.
Thus, money changers choose a rate with which they can
safeguard themselves from the aftermath of currency fluctuations that happen
every second in the live market. This rate can be safely termed as Today’s US dollar rate or US dollar rate today
for your better understanding.
Key reasons to opt for forex
online:
●
Transferring funds is quick and easy.
●
The KYC procedure is hassle-free. In case of any difficulty,
the customer support team is available 24x7 to assist you.
●
INR to USD conversion rates are displayed after a thorough
comparison with other banks and money changers in the market.
●
Most online money changers like BookMyForex have acquired a technology infrastructure that makes it
possible for the customers to view the
USD Exchange Rate
that is live and accurate to the last second.
●
One can freeze/lock-in a rate at a nominal cost.
●
Some vendors even notify their customers about the best US
dollar rates trending at that point in time, safe to term it as Today US dollar rate.
● Most online money changers
provide comprehensive services when it comes to remittance of USD or any other
foreign currency so that you do not have to look elsewhere for other services.
BookMyForex is a
full-fledged money changer (FFMC) licensed by the Reserve Bank of India (RBI). It has tied-up with multiple
money changers in the market and 4000+ channel partners across India since its
inception in November 2012. It is one of the most reliable platforms to view
live exchange rates of all the leading and widely used currencies including the
USD.
Visit more at: https://convertforeigncurrency.blogspot.com/2019/12/how-to-get-best-us-dollar-rates-or-usd.html
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Created on Dec 9th 2019 03:32. Viewed 230 times.