1 CNY+KARU = 11.6425 INR Interbank/ mid-market Rate at: 2022-05-24 13:49:25
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Customers looking for forex rates have to constantly struggle to find the actual Chinese Yuan rates today in Karur. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Chinese Yuan exchange rates today in Karur. Customers can buy/ sell their currency at live rates or at a rate they can 'lock-in' using the 'Freeze the rate' option on the website to avail the best Chinese Yuan exchange rates today in Karur. Our other forex related products and services include CNY forex cards, CNY traveler's cheques, money transfer and remittance services. Product delivery is done at our branches or at all channel partner branches.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's CNY rate in Karur' which are much higher. Charging 'today's CNY rate in Karur' 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. Being a technology company our offerings go beyond the standard 'today's CNY rate in Karur'. Other foreign exchange dealers in Karur are simply exploiting the customers through the concept of a static 'today's CNY rate in Karur. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the CNY rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. 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 Karur' therefore, is just a means to exploit the customer.
A pioneer in the forex markets in India, Mr. Sudarshan Motwani founded BookMyForex to overcome the challenges of a disorganized forex market, widely fluctuating prices and lack of uniformity in forex products and regulations in India. Mr. Motwani successfully established and ran the Foreign Exchange division at some of India's leading banks and therefore has the expertise to turn things around in the current market scenario. Our services are already available online across India.
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