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The foreign exchange market in India is currently plagued by many loopholes in policies & regulations, making it very disorganized. 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.
It can be quite a pain for a customer to find out the Chinese Yuan exchange rates today in Alappuzha. It is only BookMyForex that now provides live and real time Chinese Yuan exchange rates today in Alappuzha. The other option for customers is to lock-in the Chinese Yuan exchange rates today in Alappuzha by selecting the 'Freeze the rate' option on the website. 'Today's CNY rate in Alappuzha' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Forex dealers keep a significant margin over and above 'today's CNY rate in Alappuzha' to hedge against any CNY price fluctuation in the global market. So the concept of 'today's CNY rate in Alappuzha' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes CNY currency notes, CNY forex cards, CNY traveler's cheques or remittance products such as CNY demand drafts and CNY wire transfers.Orders are delivered by our own branches or by exchange companies that partner with us
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