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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. BookMyForex, a leading e-commerce website for forex, was established in 2012 by Mr. Sudarshan Motwani to plug these gaps in and streamline the market. He has earlier headed the forex function at HDFC Bank and ING Vysya Bank.
Canadian Dollar exchange rates today in Bhunter are not really easy to find on any website. It is only BookMyForex that now provides live and real time Canadian Dollar exchange rates today in Bhunter. The other option for customers is to lock-in the Canadian Dollar exchange rates today in Bhunter by selecting the “Freeze the rate” option on the website. “Today’s CAD rate in Bhunter” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. Through the practice of “today’s CAD rate in Bhunter” the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Canadian Dollars are traded electronically worldwide. So the concept of “today’s CAD rate in Bhunter” 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 entire suite of forex products includes CAD currency notes, CAD forex cards, CAD traveler’s cheques or remittance products such as CAD demand drafts and CAD wire transfers.Orders are delivered at our own branches or at the branches of ING Vysya bank and Axis bank, our banking partners in India.
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