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Actual Philippine Peso exchange rates today in Balasore have never been easy to find until now. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Philippine Peso exchange rates today in Balasore. 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 Philippine Peso exchange rates today in Balasore. Our other forex related products and services include PHP forex cards, PHP traveler's cheques, money transfer and remittance services. Customers can visit one of our channel partner locations to collect their orders.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's PHP rate in Balasore' which are much higher. Charging 'today's PHP rate in Balasore' provides a cushioning effect to avoid incurring losses due to PHP price fluctuation in the market because just like stocks PHPs 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 PHP rate in Balasore'. Little do customers know that in the the name of 'today's PHP rate in Balasore', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to PHP price fluctuation on account of the PHP 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 PHP rate in Balasore' 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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