Get latest currency value via SMS

MCX–SX the currency futures exchange promoted by Financial Technologies and MCX, has tied up with India Times to launch real-time price update on currency futures via SMS.

The price update through SMS will be in the form of an auto-reply messaging service, which allows a mobile phone user to obtain price information on the currency futures being traded on MCX–SX. The updated rate is now in your hands. The information can be reached anywhere at any moment on your request.

The simple way to know the current rate is as follows, users have to send SMS to a short code number 58888, and they will automatically receive the relevant rates.

The service will benefit users of the MCX-SX currency futures platform and the entire currency ecosystem by way of real time rate updates anytime and at any place, said a MCX-SX spokesperson and he adds a “Latest Revolution” for financial market had made the people comfort.

A user has to type MCX-SX USDINR from mobile and send to 58888. As there are two months contract being traded on the exchange, a reply will automatically be sent as MCXSX USDINR OCT08 LTP 47.8975, NOV08 LTP 48.1000.The message will reach you immediately.

For prices for any specific month, specify the month at the end of the code, example: SMS MCX-SX USDINROCT to 58888. An automatic reply MCXSX USDINR 27-OCT-08 Buy Price-47.8600 Sell Price-47.8975 LTP-47.8975 High Price-48.6850 Low Price-47.8400 will appears on the mobile phone. The leaps and bounds now alert you!