Not many customers are aware of the bidding process which governs the ultimate buy or sell rate of foreign currencies in the virtual marketplace provided by the online forex traders across the globe. There is a misconception amongst customers that the exchange rate for a British Pounds (GBP) is a static number, which is never the case.
There are different buy rates for British Pounds (GBP) which different service providers provide to the users – for example, there are banks charging a premium of INR 2 per currency unit, airports charging INR 3 per currency unit on their products. Apart from that, there are hundreds of British Pounds (GBP) currency exchangers in Pondicherry who are authenticated by RBI to deal in forex, provide their buy rates.
The buy rates of GBP depends on many factors which include quantum of the order, products selected as well as other relevant factors such as the overall demand of the GBP in the region, and the supply of the currency with the dealers.
Based on this, Fxkart users would receive multiple quotes on the order, and they are free to select the one which suits them the best. Users do have the option to materialize their currencies in the form of international prepaid travel cards which would help them get a better deal, as well as can be used in any of the shopping portals outside India.
Users from Pondicherry, Union Territory can also wire transfer GBP to foreign accounts as and when required leading to a different rating system.
4 Major reasons to use Fxkart
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"Being my first abroad travel, I did not have much idea about foreign exchange and would have ended up paying a lot more than required, was it not for the experts at FxKart. They guided me expertly to the best deals. The team was really helpful and they are solving the problem in a very good way. Kudos and Best of luck to the team!!!"
"Happy and Delighted with the way my foreign currency purchase was handled. Quick and informative response from the team. Will choose them the next time as well"
"Great help from the customer representative in delivering the best forex prices! Got the deal done within hours and everyone involved was very responsive and very courteous. Thanks FxKart team."
"Very happy with the prompt service provided by the team. Made my forex purchase way easier. Rates were very good and they guided me to the purchase in a very professional manner. Good luck to the team!!"
Fxkart Is Rated 4 Stars By Trustpilot Based On Over 17 Reviews