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It is next to impossible for customers to find the actual Chinese Yuan exchange rates today in Dhenkanal especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Chinese Yuan exchange rates today in Dhenkanal. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Chinese Yuan exchange rates today in Dhenkanal by using the 'Freeze the rate' option on our website. We provide the entire gamut of forex related products & services that include CNY currency notes, CNY forex cards, CNY traveler's cheques, money transfer and remittance services. Orders can be collected at our branches or at locations of our partnering RBI authorized exchange companies/ banks, in Dhenkanal.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or 'today's CNY rate in Dhenkanal', BookMyForex's offerings are more customer-oriented in terms of price and convenience. The norm of 'today's CNY rate in Dhenkanal' for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the CNY is traded across the world electronically just like stocks, its prices also fluctuate. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's CNY rate in Dhenkanal' which are much higher. Charging 'today's CNY rate in Dhenkanal' provides a cushioning effect to avoid incurring losses due to CNY price fluctuation in the market because just like stocks CNYs are also traded electronically across the globe like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's CNY rate in Dhenkanal' therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India's leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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