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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.
Chinese Yuan exchange rates today in Mahasamund are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Chinese Yuan exchange rates today in Mahasamund to exchange currency. You also have the option to lock-in the Chinese Yuan exchange rates today in Mahasamund 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 Mahasamund', 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 Mahasamund' 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 customers end up being at the losing end when 'today's CNY rate in Mahasamund' 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 the branches of our channel partners in India.
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