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Customers looking for forex rates have to constantly struggle to find the actual New Zealand Dollar rates today in Verka. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time New Zealand Dollar exchange rates today in Verka. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live New Zealand Dollar exchange rates today in Verka by using the “Freeze the rate” option on our website. We provide the entire gamut of forex related products & services that include NZD currency notes, NZD forex cards, NZD 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 or they can have the order home-delivered free of cost.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s NZD rate in Verka”. Little do customers know that in the the name of “today’s NZD rate in Verka”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to NZD price fluctuation on account of the NZD being traded globally just like any other financial security. Being a technology company our offerings go beyond the standard “today’s NZD rate in Verka”. Other foreign exchange dealers in Verka are simply exploiting the customers through the concept of a static “today’s NZD rate in Verka. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the NZD 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 NZD rate in Verka” therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India’s leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
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