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Customers will no longer have to struggle to find the actual Hong Kong Dollar exchange rates today in Kozhikode. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Hong Kong Dollar exchange rates today in Kozhikode. 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 Hong Kong Dollar exchange rates today in Kozhikode. Our other forex related products and services include HKD forex cards, HKD traveler’s cheques, money transfer and remittance services. Customers can visit Axis Bank and ING Vysya Bank, our nation-wide banking partners, to collect their orders.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s HKD rate in Kozhikode”. Little do customers know that in the the name of “today’s HKD rate in Kozhikode”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to HKD price fluctuation on account of the HKD 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 HKD rate in Kozhikode”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s HKD rate in Kozhikode” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the HKD 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 HKD rate in Kozhikode” therefore, is just a means to exploit the customer.
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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