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Customers will no longer have to struggle to find the actual Canadian Dollar exchange rates today in Kollam. Most websites on the net don’t provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Canadian Dollar exchange rates today in Kollam. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Canadian Dollar exchange rates today in Kollam 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 Kollam.
BookMyForex being a technology company, its offerings go beyond the standard “today’s CAD rate in Kollam”. Other foreign exchange dealers in Kollam are simply exploiting the customers through the concept of a static “today’s CAD rate in Kollam”. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the CAD rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s CAD rate in Kollam” which are much higher. Charging “today’s CAD rate in Kollam” 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. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s CAD rate in Kollam” therefore, is just a means to exploit the customer.
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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