Live US Dollar Rate Today and Also USD Exchange Rate

Posted by BookMyforex on December 9th, 2019

How to save money while remitting USD?

Scanning 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 viewthe 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 today.
• 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.