Pune is the second largest city of Maharashtra following Mumbai. Orientexchange estimated the demand and supply gap of money exchange in the areas of Pune. So, we have come up with our new outlet near Hinjewadi. Let us see, how we managed to anticipate this gap.
Pune, being the major educational hub and home for ever-booming sectors like manufacturing, information technology, automobile, etc., has the capacity of growing forex demands. Hinjewadi has an IT park that is the base location for over 800 IT companies of varied sizes. There is a massive contribution of the automobile industry to the local economy of Pune. Due to the presence of lots of multinational automotive companies, the city has been called India’s “Motor City”. Statistically, German companies are fond of this city to set up their businesses. Also known as “Oxford of the East”, Pune annually hosts nearly 20,000 students from across India. This creates an immense demand for money exchange in Pune.
What is Forex?
Forex is the foreign exchange market where all the foreign currencies of the world are traded. It deals with three aspects:
1) Buying- When you are traveling to a foreign country, you need to have the currency of that particular country. So you have to buy forex.
2) Selling- When you are back from the foreign trip, you need to sell off the unspent or earned foreign currency.
3) Exchanging- Exchange rate tells you the worth of your currency in a foreign currency.
The exchange rates differ very frequently. That means high demand for a particular currency would increase its worth. An internet user can keep a constant eye over the fluctuating rates and can book the forex at the best prices. We offer friendly exchange rates, transparent transactions, spontaneous services, and hassle-free dealings.
Established in 2004 at Bangalore, we have a pan-India presence across 24 branches in India. We are an RBI authorized category II dealer dealing in foreign currency, forex cards, and outward remittance. This makes us a pioneer in the forex services.
