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It is next to impossible for customers to find the actual Swedish Krona exchange rates today in Kottayam especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Swedish Krona exchange rates today in Kottayam. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the Swedish Krona exchange rates today in Kottayam and exchange their currency at that rate within three days. We also offer other forex related products that include SEK currency notes, SEK forex cards, SEK traveler’s cheques, as well as money transfer and remittance services through SEK wire transfers and SEK demand drafts. Orders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s SEK rate in Kottayam” which are much higher. Charging “today’s SEK rate in Kottayam” provides a cushioning effect to avoid incurring losses due to SEK price fluctuation in the market because just like stocks SEKs are also traded electronically across the globe like any other financial security. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s SEK rate in Kottayam”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s SEK rate in Kottayam” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the SEK 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 SEK rate in Kottayam” therefore, is just a means to exploit the customer.
A pioneer in the forex markets in India, Mr. Sudarshan Motwani founded BookMyForex to overcome the challenges of a disorganized forex market, widely fluctuating prices and lack of uniformity in forex products and regulations in India. Mr. Motwani successfully established and ran the Foreign Exchange division at some of India’s leading banks and therefore has the expertise to turn things around in the current market scenario. Our services are already available online across India.
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