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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.
Finding the Hong Kong Dollar exchange rates today in Pehowa used to be a challenge until BookMyForex came into the picture. BookMyForex is the first portal in India that provides live rates and actual Hong Kong Dollar exchange rates today in Pehowa to exchange currency. The other option for customers is to lock-in the Hong Kong Dollar exchange rates today in Pehowa by selecting the “Freeze the rate” option on the website. “Today’s HKD rate in Pehowa” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. Forex dealers keep a significant margin over and above “today’s HKD rate in Pehowa” to hedge against any HKD price fluctuation in the global market. So the customers end up being at the losing end when “today’s HKD rate in Pehowa” is the basis for currency exchange.
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 at our own branches or at the branches of ING Vysya bank and Axis bank, our banking partners in India.
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