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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.
Finding the Chinese Yuan exchange rates today in Jamnagar 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 Jamnagar. You also have the option to lock-in the Chinese Yuan exchange rates today in Jamnagar 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 Jamnagar', which isn't actually the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called 'today's CNY rate in Jamnagar' because the forex dealers have to keep high margins to avoid any losses on account of CNY price fluctuation in the global market. So the norm of 'today's CNY rate in Jamnagar' is just an easy way for forex dealers to make a few extra bucks.
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 the branches of our channel partners in India.
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