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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Swiss Franc exchange rates today in Kumbakonnam are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Swiss Franc exchange rates today in Kumbakonnam to exchange currency. You also have the option to lock-in the Swiss Franc exchange rates today in Kumbakonnam to exchange currency by using the “Freeze the rate” option on the website. Other currency exchangers and websites use the base rate or interbank rate as “today’s CHF rate in Kumbakonnam”, which isn’t actually the rate at which currency is exchanged. Through the practice of “today’s CHF rate in Kumbakonnam” the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Swiss Francs are traded electronically worldwide. So the concept of “today’s CHF rate in Kumbakonnam” is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes CHF currency notes, CHF forex cards, CHF traveler’s cheques or remittance products such as CHF demand drafts and CHF wire transfers.Orders are delivered at our own branches or at our banking partners’ branches, viz. Axis Bank and ING Vysya Bank, across India.
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