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It is next to impossible for customers to find the actual Euro exchange rates today in Kannur especially on the Internet. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time Euro exchange rates today in Kannur are available 24*7 on BookMyForex’s website for all to see. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the Euro exchange rates today in Kannur and exchange their currency at that rate within three days. We also offer other forex related products that include EUR currency notes, EUR forex cards, EUR traveler’s cheques, as well as money transfer and remittance services through EUR wire transfers and EUR demand drafts. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Kannur.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s EUR rate in Kannur”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s EUR rate in Kannur” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the EUR is traded across the world electronically just like stocks, its prices also fluctuate. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s EUR rate in Kannur” which are much higher. Charging “today’s EUR rate in Kannur” provides a cushioning effect to avoid incurring losses due to EUR price fluctuation in the market because just like stocks EURs are also traded electronically across the globe like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s EUR rate in Kannur” 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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