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It is next to impossible for customers to find the actual Swiss Franc exchange rates today in Faridabad especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Swiss Franc exchange rates today in Faridabad. Customers can buy/ sell their currency at live rates or at a rate they can ‘lock-in’ using the “Freeze the rate” option on the website to avail the best Swiss Franc exchange rates today in Faridabad. Our other forex related products and services include CHF forex cards, CHF traveler’s cheques, money transfer and remittance services. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Faridabad. Orders can also be delivered at home free of cost.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s CHF rate in Faridabad” which are much higher. Charging “today’s CHF rate in Faridabad” provides a cushioning effect to avoid incurring losses due to CHF price fluctuation in the market because just like stocks CHFs are also traded electronically across the globe like any other financial security. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s CHF rate in Faridabad”. Little do customers know that in the the name of “today’s CHF rate in Faridabad”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to CHF price fluctuation on account of the CHF being traded globally just like any other financial security. In the name of “today’s CHF rate in Faridabad”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to CHF price fluctuation.
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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