1 HKD+KADI = 9.8838 INR Interbank/ mid-market Rate at: 2022-05-27 20:52:05
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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.
It can be quite a pain for a customer to find out the Hong Kong Dollar exchange rates today in kadi. It is only BookMyForex that now provides live and real time Hong Kong Dollar exchange rates today in kadi. BookMyForex also allows you to lock-in the live Hong Kong Dollar exchange rates today in kadi to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's HKD rate in kadi', which is not really the rate at which currency is exchanged. Through the practice of 'today's HKD rate in kadi' 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 Hong Kong Dollars are traded electronically worldwide. So the concept of 'today's HKD rate in kadi' 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 HKD currency notes, HKD forex cards, HKD traveler's cheques or remittance products such as HKD demand drafts and HKD wire transfers.Orders are delivered by our own branches or by exchange companies that partner with us
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