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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. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Finding the Canadian Dollar exchange rates today in Lucknow used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Canadian Dollar exchange rates today in Lucknow to exchange currency. The other option for customers is to lock-in the Canadian Dollar exchange rates today in Lucknow by selecting the ?Freeze the rate? option on the website. ?Today?s CAD rate in Lucknow? 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 Lucknow? 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 Lucknow? 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 offerings of forex and related services are already available across the country and include currency exchange, 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 our banking partners? branches, viz. Axis Bank and ING Vysya Bank, across India.
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