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The foreign exchange market in India is currently plagued by many loopholes in policies & regulations, making it very disorganized. 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 Palasia used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Chinese Yuan exchange rates today in Palasia to exchange currency. BookMyForex also allows you to lock-in the live Chinese Yuan exchange rates today in Palasia to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's CNY rate in Palasia', which is not really the rate at which currency is exchanged. Through the practice of 'today's CNY rate in Palasia' 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 norm of 'today's CNY rate in Palasia' 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 exchange companies that partner with us
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