It is next to impossible for customers to find the actual Egyptian Pound exchange rates today in Hubli especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Egyptian Pound exchange rates today in Hubli. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Egyptian Pound exchange rates today in Hubli by using the 'Freeze the rate' option on our website. We provide the entire gamut of forex related products & services that include EGP currency notes, EGP forex cards, EGP traveler's cheques, money transfer and remittance services. Product delivery is done at our branches or at all channel partner branches.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's EGP rate in Hubli' which are much higher. Charging 'today's EGP rate in Hubli' provides a cushioning effect to avoid incurring losses due to EGP price fluctuation in the market because just like stocks EGPs are also traded electronically across the globe 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 EGP rate in Hubli' which are much higher. Charging 'today's EGP rate in Hubli' provides a cushioning effect to avoid incurring losses due to EGP price fluctuation in the market because just like stocks EGPs 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 EGP rate in Hubli' 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.
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