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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.
Thai Baht exchange rates today in Kochi are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Thai Baht exchange rates today in Kochi to exchange currency. The other option for customers is to lock-in the Thai Baht exchange rates today in Kochi by selecting the ?Freeze the rate? option on the website. ?Today?s THB rate in Kochi? as per other websites and currency exchangers is the base rate or interbank rate but currency isn?t really exchanged at this rate. Through the practice of ?today?s THB rate in Kochi? 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 Thai Bahts are traded electronically worldwide. So the concept of ?today?s THB rate in Kochi? 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 THB currency notes, THB forex cards, THB traveler?s cheques or remittance products such as THB demand drafts and THB wire transfers.Orders are delivered at our own branches or at the branches of ING Vysya bank and Axis bank, our banking partners in India.
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