Foreign Currency Exchange Rates In Kolkata
About Foreign Currency Exchange Rates In Kolkata
For hassle free and haggle free forex transactions Fxkart is one of the best online forex marketplaces. Fxkart has been serving forex customers since January 2015 and also has been honored with a number of awards and recognitions as a part of its glory.
Today we are getting to purchase or sell off forex products at some best foreign currency exchange rates in Kolkata. When we refer to the term “currency exchange rate”, it means that we are talking about the price of one unit of the particular foreign currency in terms of the Indian rupee when either bought or sold. Currency exchange rates are the primary elements of the forex market. The fluctuation in the rates is the major factor from which emerged the concept of foreign exchange trading.
Why do currency exchange rates fluctuate?
Rates depend on a country’s economic and political stability along with its popularity among the forex traders across the globe, i.e. the frequency with which the particular currency is bought or sold by the traders.
In fact, rates also vary with a city. As we mentioned above that the Kolkata users of our website are entitled to some promising currency exchange rates which cannot really state whether other city customers will be or will not be able to avail those rates.
The world forex market
It is over-the-counter (OTC) market and has been recorded as the largest market in the world. With participants ranging from centralised banks to individual forex traders, the foreign exchange market produces a turnover of about $5.3 trillion daily according to latest reports.
Fxkart lets its Kolkata customers:
- Purchase currency notes at some great foreign currency exchange rates in Kolkata.
- Issue foreign travel cards through a live bidding process.
- Transfer foreign money to other countries after converting INR to other foreign currencies.
- Sell off unspent foreign currency notes once they are back to Kolkata.
- Encash their foreign travel cards’ balance amount to get back Indian money.
The unique live bidding process
The foreign currency exchange rates which we were talking about are available to our Kolkata customers through a bidding process. Our contacted RBI registered forex dealers of Kolkata place their best rates for the particular currency and users can compare and choose their best deal from those bids. This ensures fair and transparent forex transactions.
Fxkart’s customer support team makes sure that users from Kolkata are well guided in case of any difficulty or confusion. They must contact us whenever they are in some problem.