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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.
It can be quite a pain for a customer to find out the Chinese Yuan exchange rates today in Bagalkot. It is only BookMyForex that now provides live and real time Chinese Yuan exchange rates today in Bagalkot. The other option for customers is to lock-in the Chinese Yuan exchange rates today in Bagalkot by selecting the 'Freeze the rate' option on the website. 'Today's CNY rate in Bagalkot' 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 Bagalkot' to hedge against any CNY price fluctuation in the global market. So the customers end up being at the losing end when 'today's CNY rate in Bagalkot' is the basis for currency exchange.
The Company's entire suite of forex products 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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