1 GBP+NAKO = 99.6518 INR Interbank/ mid-market Rate at: 09-02-2023 01:02:01
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Customers looking for forex rates have to constantly struggle to find the actual British Pound rates today in Nakodar. 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 Nakodar. Customers have the choice to book their order at live rates or at British Pound exchange rates today in Nakodar that they can select by using the 'Freeze the rate' option on our website. Our full suite of forex related products includes GBP currency notes, GBP forex cards, GBP traveler's cheques and GBP money transfer and remittance services using GBP DDs and GBP wire transfers. Orders can be collected at our branches or at our partnering bank/ currency exchange locations, in Nakodar. Orders can also be delivered at home free of cost.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's GBP rate in Nakodar' which are much higher. Charging 'today's GBP rate in Nakodar' 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 Nakodar'. Little do customers know that in the the name of 'today's GBP rate in Nakodar', 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 Nakodar' therefore, is just a means to exploit the customer.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India's leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
So logon now and use our interactive order entry cart below.