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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. 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.
Chinese Yuan exchange rates today in Kalol are not really easy to find on any website. It is only BookMyForex that now provides live and real time Chinese Yuan exchange rates today in Kalol. The other option for customers is to lock-in the Chinese Yuan exchange rates today in Kalol by selecting the 'Freeze the rate' option on the website. 'Today's CNY rate in Kalol' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Through the practice of 'today's CNY rate in Kalol' 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 concept of 'today's CNY rate in Kalol' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
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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