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. BookMyForex, a leading e-commerce website for forex, was established in 2012 by Mr. Sudarshan Motwani to plug these gaps in and streamline the market. He has earlier headed the forex function at HDFC Bank and ING Vysya Bank.
Finding the Euro exchange rates today in Malappuram used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Euro exchange rates today in Malappuram to exchange currency. BookMyForex also allows you to lock-in the live Euro exchange rates today in Malappuram to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's EUR rate in Malappuram', which is not really the rate at which currency is exchanged. Through the practice of 'today's EUR rate in Malappuram' 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 Euros are traded electronically worldwide. So the concept of 'today's EUR rate in Malappuram' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company's entire suite of forex products includes EUR currency notes, EUR forex cards, EUR traveler's cheques or remittance products such as EUR demand drafts and EUR wire transfers.Orders are delivered by our own branches or by exchange companies that partner with us
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