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Actual Hong Kong Dollar exchange rates today in Rai Bareli have never been easy to find until now. 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 Hong Kong Dollar exchange rates today in Rai Bareli. Customers have the choice to book their order at live rates or at Hong Kong Dollar exchange rates today in Rai Bareli that they can select by using the 'Freeze the rate' option on our website. Our full suite of forex related products includes HKD currency notes, HKD forex cards, HKD traveler's cheques and HKD money transfer and remittance services using HKD DDs and HKD wire transfers. Product delivery is done at our branches or at all partnering locations across India. Orders can also be home-delivered free of cost.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's HKD rate in Rai Bareli' which are much higher. Charging 'today's HKD rate in Rai Bareli' provides a cushioning effect to avoid incurring losses due to HKD price fluctuation in the market because just like stocks HKDs are also traded electronically across the globe like any other financial security. Being a technology company our offerings go beyond the standard 'today's HKD rate in Rai Bareli'. Other foreign exchange dealers in Rai Bareli are simply exploiting the customers through the concept of a static 'today's HKD rate in Rai Bareli. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the HKD 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 HKD rate in Rai Bareli' 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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