The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. 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.
It can be quite a pain for a customer to find out the Canadian Dollar exchange rates today in Nakodhar. It is only BookMyForex that now provides live and real time Canadian Dollar exchange rates today in Nakodhar. You also have the option to lock-in the Canadian Dollar exchange rates today in Nakodhar to exchange currency by using the “Freeze the rate” option on the website. Other currency exchangers and websites use the base rate or interbank rate as “today’s CAD rate in Nakodhar”, which isn’t actually the rate at which currency is exchanged. Forex dealers keep a significant margin over and above “today’s CAD rate in Nakodhar” to hedge against any CAD price fluctuation in the global market. So the customers end up being at the losing end when “today’s CAD rate in Nakodhar” is the basis for currency exchange.
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 all Axis Bank and ING Vysya Bank branches, which are our PAN India banking partners.
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