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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
British Pound exchange rates today in Hanmakonda are not really easy to find on any website. It is only BookMyForex that now provides live and real time British Pound exchange rates today in Hanmakonda. The other option for customers is to lock-in the British Pound exchange rates today in Hanmakonda by selecting the “Freeze the rate” option on the website. “Today’s GBP rate in Hanmakonda” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. Forex dealers keep a significant margin over and above “today’s GBP rate in Hanmakonda” to hedge against any GBP price fluctuation in the global market. So the concept of “today’s GBP rate in Hanmakonda” is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company’s entire suite of forex products includes GBP currency notes, GBP forex cards, GBP traveler’s cheques or remittance products such as GBP demand drafts and GBP wire transfers.Orders are delivered at our own branches or at our banking partners’ branches, viz. Axis Bank and ING Vysya Bank, across India.
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