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Customers will no longer have to struggle to find the actual Euro exchange rates today in Kolkata. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time Euro exchange rates today in Kolkata. Customers can buy/ sell their currency at live rates or at a rate they can ‘lock-in’ using the “Freeze the rate” option on the website to avail the best Euro exchange rates today in Kolkata. Our other forex related products and services include EUR forex cards, EUR traveler’s cheques, money transfer and remittance services. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Kolkata.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s EUR rate in Kolkata”. Little do customers know that in the the name of “today’s EUR rate in Kolkata”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to EUR price fluctuation on account of the EUR being traded globally just like any other financial security. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s EUR rate in Kolkata”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s EUR rate in Kolkata” 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. 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 Kolkata” therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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