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Actual British Pound exchange rates today in Ranchi have never been easy to find until now. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time British Pound exchange rates today in Ranchi are available 24*7 on BookMyForex’s website for all to see. 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 Ranchi 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. Product delivery is done at our branches or at all Axis Bank and ING Bank branches, our nation-wide banking distribution partners. Orders can also be home-delivered free of cost.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s GBP rate in Ranchi”. Little do customers know that in the the name of “today’s GBP rate in Ranchi”, 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. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s GBP rate in Ranchi” which are much higher. Charging “today’s GBP rate in Ranchi” 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. 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 Ranchi” therefore, is just a means to exploit the customer.
A pioneer in the forex markets in India, Mr. Sudarshan Motwani founded BookMyForex to overcome the challenges of a disorganized forex market, widely fluctuating prices and lack of uniformity in forex products and regulations in India. Mr. Motwani successfully established and ran the Foreign Exchange division at some of India’s leading banks and therefore has the expertise to turn things around in the current market scenario. Our services are already available online across India.
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