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Customers will no longer have to struggle to find the actual Euro exchange rates today in Secunderabad. 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 Secunderabad. Customers have the choice to book their order at live rates or at Euro exchange rates today in Secunderabad that they can select by using the “Freeze the rate” option on our website. Our full suite of forex related products includes EUR currency notes, EUR forex cards, EUR traveler’s cheques and EUR money transfer and remittance services using EUR DDs and EUR wire transfers. Orders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank. Customers can even choose to have their order home-delivered.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s EUR rate in Secunderabad” which are much higher. Charging “today’s EUR rate in Secunderabad” 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. Being a technology company our offerings go beyond the standard “today’s EUR rate in Secunderabad”. Other foreign exchange dealers in Secunderabad are simply exploiting the customers through the concept of a static “today’s EUR rate in Secunderabad. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the EUR rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. 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 Secunderabad” 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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