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Actual British Pound exchange rates today in Mumbai have never been easy to find until now. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time British Pound exchange rates today in Mumbai. Customers can buy/ sell their currency at live rates or at a rate they can ‘lock-in’ using the “Freeze the rate” option on the website to avail the best British Pound exchange rates today in Mumbai. Our other forex related products and services include GBP forex cards, GBP traveler’s cheques, money transfer and remittance services. Product delivery is done at our branches or at all Axis Bank and ING Bank branches, our nation-wide banking distribution partners.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s GBP rate in Mumbai”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s GBP rate in Mumbai” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the GBP is traded across the world electronically just like stocks, its prices also fluctuate. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s GBP rate in Mumbai” which are much higher. Charging “today’s GBP rate in Mumbai” 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. Using it’s strong IT infrastructure to its advantage, BookMyForex offers far better options to customers
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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