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Eforexindia was conceptualized to address the requirement of large corporates and SMEs who would require an independent platform to know the live inter-bank rates of most currencies across the globe to convert their receivables or payables to and from the Indian Rupee. Currencies are extremely volatile and the rate applicable for the conversion, as of now, is being done as the bank converts it based on the prevailing Inter bank rate.

Hedging may also be required to be done based on the timing and date of the conversion which may be in the future and these would be done based on the forwards prevailing in that currency which is also volatile and depends on the inter bank quote at that point of time. This platform provides all forward rate including the ease of calculating for any fixed day in the future, a process which otherwise would be complex for the user.

Forecast, and estimation of future rates of any currency, is arrived at by Fundamental and Technical (charting) analysis of currencies that require training and can be done only by technicians who are adept to the process. Eforexindia has a highly trained team of traders and analysts who do the analysis on a continuous basis and these are then posted on the portal and can be accessed by the subscribers and are also updated through continuous emails. Thus a subscriber to Eforexindia can access live market quotes, analysis and forwards from a live and economical platform which otherwise was available from high end financial platforms for a select few.

It is fast and simple. You can call us at our 24-hour helpline number or our New Delhi centre anytime to inform your interest in subscription. Or you can write to us directly at contact@eforexindia.com. You will be responded in no time with the details.

Subscribers can avail of both on-line and off-line support for trading. While the on-line method would mean accessing the website and reading the contents which are continuously uploaded, the off-line supports entails access to the analysts and traders who can be telephonically reached through our helpdesk. They can address any particular query or question or interpret any of our analytic reports or news article for the convenience of the subscriber. It is also advised to avail of the off-line support for clearer understanding of news and other articles as it is a common occurrence that these materials get mis-interpreted, owing to their complexity.

Live Streaming quotes are available in www.eforexindia.com both against the INR and against the USD for most quoted currencies around the globe. While other providers’ quotes these currencies against the USD from different sources, it has to be understood that these are highly volatile and faster than any stock market and that they originally emanate from the main bourses around the world, depending on the time zone. Eforexindia brings the quotes to you direct from these bourses and from the platforms such as Currenex and Meta Trader through its overseas offices, making them accurate to the last decimal at any point of time and something which no other provider does in India.

All currencies including the USD are also quoted against the INR, again a pattern which is not provided by any other provider, enabling the subscriber to do away with cumbersome conversions. The USD/INR quote is brought to you by our broking rooms across most cities, and it is the same quote which is referred to by the bank for its dealings making them accurate inter-bank rates. Our broking room is more than a century old in this country and recognized by the FEDAI (RBI), a fact which no other information provider or consulting house in India can boast of having.

Our traders would continuously monitor markets as per their forecasts and then advice the opportune timing to take covers as per the required exposure of the organization. Bookings may also be required to be cancelled due to delay in payments, adverse movement in currency etc. and the traders at eforexindia.com shall be advising the designated staff or the company on the same. In effect, a medium level organization need only outsource their treasury activities to us except the banking work and need to worry about sudden movements in currencies which might hit them unknowingly.

Forex Risk Management refers to scientific study of currencies and devising various hedging techniques based of predictions of such currencies. The expected movements might be either in favour or against the underlying exposure of a particular organisation, and as such the hedging mechanisms should be geared to extract the maximum profit oe reduce potential losses arising from such trends.

Though the studies of currencies are based on fundamental and technical analysis, expected trends are also greatly influenced by the sentiments of the market which can best be assessed from an inter-bank dealing room where inter-bank trades takes place. Eforexindia is equipped with professional dealers and state of the art technology and is backed by fully equipped dealing rooms, both in India and abroad.

The various studies and risk management strategies, which are done to estimate risk arising from the forex exposures of an organization, are:

• Exposure Analysis : Currency and Market Forecasts
• Risk Appraisal and Evolving a Foreign Exchange Risk Management Policy.
• Setting up Risk Management Goals
• Formulating Hedging Strategies Designed to meet such Goals
• Implementing such strategies with the assistance of our highly equipped Dealing Room
• Structured Review / Analysis
• Daily Currency Updation with Weekly and Special Forex Reports

Profile Hedging Strategies are designed to meet the exposure management objectives as represented by benchmarks. ? Our Risk Management Cell monitors the exposures on a day-to-day basis and advices/enacts cover operations. ? Hedges are undertaken only after the company has decided to operate as a Cost or Profit center and thus Profit-Taking or Stop-Loss levels have been pre-determined. ? Our Risk Management Cell uses any hedging technique as per the need and requirement.

The following Hedging mechanisms are commonly used either exclusively or in combinations as per the need of the organisation:

FX Forwards for Rupee and Other Currencies: Foreign Currency Forward Contracts Cross-Currency Forward Contracts

Derivatives:- Cross Currency Options, Zero Cost structures etc Interest Rate Swaps: IRS and POS Exotic Options Structured Products

When we refer to Derivatives, it can be broadly classified into two parts: (a) Currency Options, and (b) Interest Rate Derivatives.

Currency Options are essentially an improvement on Forex Forwards with the difference being that unlike a forward, there is no obligation to honour the contract in an Option. Accordingly, one can buy Call and Put Options in any currency including against the Indian Rupee to hedge the currency risk or may combine them to bring about zero cost structures. One may put in barriers to bring down the costs or put in limits to restrict the worst case scenario, even though barriers are still not allowed in INR linked Options.

Interest Rate Derivatives on the other hand are structured specifically to swap interest rate obligations between different currencies. Since interest rates are different for different countries, one can swap interest rate obligations between them with payouts subject to certain conditions. Fixed rate obligations can be swapped for floating rate obligations while the currency risk can be addressed separately.

Interest Rate Derivatives opens up new avenues whereby we can specifically design them with a view to bringing down and reducing interest cost burden for corporate, exporters or importers. Accordingly, one can look to reduce interest rate costs in Term Loans, FCCBs, WCDL etc, irrespective of the currency it has been availed at or interest rates prevalent. Needless to mention that interest rate derivatives and currency options require high degree of expertise and technical resources to run them on an MTM basis, which very few Indian consulting companies can boast of and we at eforexindia have consistently delivered these to a very satisfied clientele. These are covered under our Debt Restructuring Services which can be availed either separately or together with other advisory services.

Structured Products on the other hand are longer term trades set over 3-5 years and are designed to trade on overseas bonds and interest rates or the Libor with higher carry and layered penalty. These are extremely complex trades to both design and run as they are highly leveraged both ways. Examples would be CMS, Hyrbids, Snowballs, TARN etc and all of them require meticulous handling as far as pricing and hedging is concerned.

We have a fully functional inter bank dealing room like any high end treasury of a bank where the markets are quoted live and consequently updated into the eforexindia.com site. The INR quotes essentially are sourced through our broking wing which is also an authorized trading room by the FEDAI (RBI) and all quotes are accurate and dealable at any point of time. The overseas currency quotes are routed from the Currenex platform through our overseas affiliates and are faster than most trading systems available in the country. All quotes and its forwards are live without any delay whatsoever.

The news is a combination of different news sourcing softwares around the globe and is sourced to you from as many as 135 news agencies, thereby ensuring immediate update of any event around the globe.

Fundamental Analysis is a method of evaluating a currency that entails attempting to measure its intrinsic value by examining related economic, financial and other qualitative and quantitative factors. Fundamental analysts attempt to study everything that can affect the currency’s value, including macroeconomic factors (like the overall economy and industry conditions) and company-specific factors (like financial condition and management).

For example, an investor can perform fundamental analysis on a currency’s value by looking at economic factors, such as interest rates and the overall state of the economy, and information about the country. For assessing stocks, this method uses revenues, earnings, future growth, return on equity, profit margins and other data to determine a company's underlying value and potential for future growth. In terms of stocks, fundamental analysis focuses on the financial statements of the company being evaluated.

One of the most famous and successful fundamental analysts is Warren Buffett, who is well known for successfully employing fundamental analysis to pick securities. His abilities have turned him into a billionaire.

Subscribers to eforexindia can access various fundamental news and analysis from the site from the Forex Talk Section, Markets Wrap and special newsletters.

Technical Analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume. Technical analysts do not attempt to measure a security's intrinsic value, but instead use charts and other tools to identify patterns that can suggest future activity. Technical analysts believe that the historical performance of stocks and markets are indications of future performance. Most Day and Short term trading in currencies and stocks are done based on technical analysis.

Subscribers can gain insight into the technical analysis of major currencies with their advised entry and exit points in the technical analysis section of eforexindia which is compiled by analysts and technicians and uploaded for easy reading.

In a shopping mall, a fundamental analyst would go to each store, study the product that was being sold, and then decide whether to buy it or not. By contrast, a technical analyst would sit on a bench in the mall and watch people go into the stores. Disregarding the intrinsic value of the products in the store, the technical analyst's decision would be based on the patterns or activity of people going into each store.

As explained in our section of technical analysis, it is a statistical charting method which helps in forecasting currency movements. This coupled with fundamental factors gives a better view of a currency which we bring to our subscribers from our desk of highly trained analysts. Given these factors and past performance data, it has been seen we have been fairly accurate at most points of time, but the element of errors exist due to the sheer expanse of FX markets and their information systems. While we cannot be held responsible for our views, it would be safe to premise that most of our forecast would have a high degree of accuracy if they are clearly understood.

Most of the pages are purposely kept secured under a password and is accessible only to subscribers, since the information that these pages contain Live Streaming quotes, analysis, forecast, trading strategies etc. To know what our website contains, please go for a free trial of seven days in which you will have access to the full website. Alternatively you can also go the section of guided tours which will give you a glimpse of the contents. This is an explicit way to get real-time market of all Major currencies and 24-hour dealing room support. You will also receive, via email, Ratesheets and Newsletters, thrice a day and one newsletter weekly for an overview of the latest happenings in international and domestic markets. You will also find high quality currency forecasts and trading tips for major currencies on our portal. To register for the free trial, click here.

The Home Page contains inter-bank rates of Indian Rupee and other four major currencies. However these rates are delayed from the current market rates and lags from the streaming live quotes available on the quotes section of the website. Live quotes and analysis is access controlled and available only to our subscribers. This is done to underline the importance of the vast pool of past, present and future information that a subscriber can have access to, at minimal costs.

Both these products are available on the home page and come to you from constant analysis and research by our analytic team. Forex Talk has different issues it handles on a daily basis wherein specific subjects / topics are dissected from a macro-economic point of view. Markets Wrap on the other hand is updated hourly through all working days and carries micro-economic analysis and news articles for both the domestic and international issues.

Subscribers to the site would get additional access to the Technical Analysis section which analyses the major currencies, their technical and fundamental factors and currency directions on an hourly basis. Additionally, subscribers would receive email of special studies on currencies, rate sheet and all articles posted on Forex Talk and Market Wrap.

Select your own country’s currency and the destination country’s currency in terms of which you want your money to be converted. Enter the amount. The system reads it as the amount in terms of your domestic currency and then converts it to the destination currency (at current market rates) in the left box below and also shows the corresponding amount in terms of Indian Rupees in the right box below.

We provide major currency rates by cellular /mobile alert also. This type of service becomes useful to people who are travelling and do not have access to computer system all the time. This SMS alert is sent by us to the subscribers 2 times a day, morning and evening with opening and closing rates, BSE sensex (evening closing) and any news of importance. To subscribe, call us at +91-9971660910 or mail us at contact@eforexindia.com.

We provide customized in-house training, the details of which can be sent on request. We also organize special seminars and workshops on specific topics. We would also display the information on the website about any upcoming events. To know more, write to us at contact@eforexindia.com.

Just call us at +91-9971660910 or +91-11-23352927/ 28/ 29/ 30 or drop a mail at contact@eforexindia.com, give your details to one of our executives and your free trial account will be created within seconds and the details will be mailed to you immediately.

Yes, we assure that your personal data and information remains absolutely confidential with eforexindia.com and they will not be disclosed to any third party under any circumstances.