1 GBP+HSP = 105.0297 INR Interbank/ mid-market Rate at: 06-12-2023 02:54:31
It is next to impossible for customers to find the actual British Pound exchange rates today in Hoshiarpur especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time British Pound exchange rates today in Hoshiarpur. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the British Pound exchange rates today in Hoshiarpur and exchange their currency at that rate within three days. We also offer other forex related products that include GBP currency notes, GBP forex cards, GBP traveler’s cheques, as well as money transfer and remittance services through GBP wire transfers and GBP demand drafts. Orders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank. Customers can even choose to have their order home-delivered.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s GBP rate in Hoshiarpur” which are much higher. Charging “today’s GBP rate in Hoshiarpur” provides a cushioning effect to avoid incurring losses due to GBP price fluctuation in the market because just like stocks GBPs are also traded electronically across the globe like any other financial security. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s GBP rate in Hoshiarpur”. Little do customers know that in the the name of “today’s GBP rate in Hoshiarpur”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to GBP price fluctuation on account of the GBP being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s GBP rate in Hoshiarpur” therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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