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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 was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.
Finding the Chinese Yuan exchange rates today in Bokaro used to be a challenge until BookMyForex came into the picture. It is only BookMyForex that now provides live and real time Chinese Yuan exchange rates today in Bokaro. You also have the option to lock-in the Chinese Yuan exchange rates today in Bokaro 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 CNY rate in Bokaro', which isn't actually the rate at which currency is exchanged. Through the practice of 'today's CNY rate in Bokaro' 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 Chinese Yuans are traded electronically worldwide. So the customers end up being at the losing end when 'today's CNY rate in Bokaro' is the basis for currency exchange.
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 one of our several hundred channel partner locations, across India.
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