1 CNY+RAYY = N/A INR Interbank/ mid-market Rate at: 2022-05-22 22:12:07
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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. 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 Rayya are not really easy to find on any website. But not anymore - Live and real time Chinese Yuan exchange rates today in Rayya are now available on BookMyForex for currency exchange. You also have the option to lock-in the Chinese Yuan exchange rates today in Rayya 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 Rayya', 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 Rayya' 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 Rayya' is just an easy way for forex dealers to make a few extra bucks.
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 exchange companies that partner with us
Why wait? Click now to use our interactive order entry cart below: