1 CNY+TELL = 11.6405 INR Interbank/ mid-market Rate at: 2022-05-24 15:36:27
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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.
Finding the Chinese Yuan exchange rates today in tellicherry used to be a challenge until BookMyForex came into the picture. It is only BookMyForex that now provides live and real time Chinese Yuan exchange rates today in tellicherry. You also have the option to lock-in the Chinese Yuan exchange rates today in tellicherry 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 tellicherry', which isn't actually the rate at which currency is exchanged. Forex dealers keep a significant margin over and above 'today's CNY rate in tellicherry' to hedge against any CNY price fluctuation in the global market. So the concept of 'today's CNY rate in tellicherry' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
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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