1 KWD+CHIND = N/A INR Interbank/ mid-market Rate at: 2022-05-29 01:34:10
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Customers looking for forex rates have to constantly struggle to find the actual Kuwaiti Dinar rates today in Chhindwara. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Kuwaiti Dinar exchange rates today in Chhindwara. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Kuwaiti Dinar exchange rates today in Chhindwara by using the 'Freeze the rate' option on our website. We provide the entire gamut of forex related products & services that include KWD currency notes, KWD forex cards, KWD traveler's cheques, money transfer and remittance services. Customers can visit one of our channel partner locations 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 KWD rate in Chhindwara'. Little do customers know that in the the name of 'today's KWD rate in Chhindwara', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to KWD price fluctuation on account of the KWD being traded globally just like any other financial security. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's KWD rate in Chhindwara' which are much higher. Charging 'today's KWD rate in Chhindwara' provides a cushioning effect to avoid incurring losses due to KWD price fluctuation in the market because just like stocks KWDs are also traded electronically across the globe like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's KWD rate in Chhindwara' 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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