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It is next to impossible for customers to find the actual Canadian Dollar exchange rates today in Bodakdev especially on the Internet. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time Canadian Dollar exchange rates today in Bodakdev are available 24*7 on BookMyForex’s website for all to see. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Canadian Dollar exchange rates today in Bodakdev by using the “Freeze the rate” option on our website. We provide the entire gamut of forex related products & services that include CAD currency notes, CAD forex cards, CAD traveler’s cheques, money transfer and remittance services. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Bodakdev.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s CAD rate in Bodakdev” which are much higher. Charging “today’s CAD rate in Bodakdev” provides a cushioning effect to avoid incurring losses due to CAD price fluctuation in the market because just like stocks CADs are also traded electronically across the globe like any other financial security. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s CAD rate in Bodakdev”. Little do customers know that in the the name of “today’s CAD rate in Bodakdev”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to CAD price fluctuation on account of the CAD being traded globally just like any other financial security. In the name of “today’s CAD rate in Bodakdev”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to CAD price fluctuation.
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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