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How it Works

MONEY CHANGING

Money is the assets, property, and resources, in other words, a medium of exchange in the form of coins and banknotes. Money changing is the act or business of exchanging currency. Currency exchange is the process of changing one currency into another. In other words, it is the mechanism by which the currency of one country gets converted into the currency of another country. The conversion of currency is done by the banks and other businesses who deal in foreign exchange. Money changing is a service provided as an intermediary in relation to the purchase or sale of foreign currency on a commission or brokerage basis. Purchase or sale of foreign currency is undertaken by foreign exchange broker and also by people authorized under foreign exchange management act, 1999 to deal in foreign exchange and having license issued by RBI. Such authorized dealers are known as money changers.

After the start of paper money and modern banking in the mid 17th century, with the development of foreign exchange market in the 20th century allowed banks, specialist financial companies, and forex brokers to boom, this made a change of one currency into another very easy. But the issue for most forex dealers is in choosing the right money changer, providing transparent exchange rates, non-deceptive, secure, minimal fee and convenient. We have put in all the essentials of every forex dealer into Myforexeye. There is no look back for any customer dealing with us, as we provide best in class services for any Forex demand. Myforexeye is full-fledged Money changer licensed by the RBI. We have the best solution for every currency exchange concern. Thereby, Myforexeye is the most trusted brand, as we deliver cost-effective solutions through advanced technology in a completely convenient, safe, quick and secure manner. We are full-fledged money changers; users can buy or sell foreign exchange, buy prepaid forex cards and transfer money online through the Myforexeye application.

MONEY EXCHANGE NEAR ME

Money exchange is done by a business or financial institution that has the legal right to exchange one currency for another currency to its clients. Money exchange can be a stand-alone business or can be part of the services offered by a bank or other financial institution. Money exchanger or Moneychanger is a person whose business is the exchange of one currency to another. Money exchange institution gains profits from its services provided wither through adjusting the exchange rate or taking a commission. With the development in the foreign exchange market and globalization resulted in an increase in foreign truncations day by day. This allowed banks, fintech companies and specialist financial firms such as currency exchangers, coin dispensers, money change machines, and forex brokers to simplify the system of changing one country’s currency into another with an added advantage of quick, safety and transparency.

There are over thousand money exchangers in all the major cities in India. Choosing the best strategy to exchange currency at the right time and the right rate is important. Moreover choosing the best currency exchange dealer with finest exchange rates and a minimal fee is the most impotent decision to be made by the Forex dealers. We have put in all the essentials of every forex dealer into Myforexeye. There is no look back for any customer dealing with us, as we provide best in class services for any Forex demand. Myforexeye is full-fledged Money changer licensed by the RBI. We have the best solution for every currency exchange concern. Thereby, Myforexeye is the most trusted brand, as we deliver cost-effective solutions through advanced technology in a completely convenient, safe, quick and secure manner. We are full-fledged money changers; forex currency notes are offered in almost 40 traded currencies. Users can buy or sell foreign exchange, buy prepaid forex cards that are available in 16 currencies. Users can transfer money online through the Myforexeye application. We are currently offering our money changing services to clients in the Delhi NCR region. We would be launching the service in 65 cities in India by 2021.

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