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Customers looking for forex rates have to constantly struggle to find the actual Philippine Peso rates today in Bankura. 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 Philippine Peso exchange rates today in Bankura. 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 Bankura. Our other forex related products and services include PHP forex cards, PHP traveler's cheques, money transfer and remittance services. Orders are delivered at our own branches or at the branches of our channel partners.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's PHP rate in Bankura'. Little do customers know that in the the name of 'today's PHP rate in Bankura', 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or 'today's PHP rate in Bankura', BookMyForex's offerings are more customer-oriented in terms of price and convenience. The norm of 'today's PHP rate in Bankura' for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the PHP is traded across the world electronically just like stocks, its prices also fluctuate. In the name of 'today's PHP rate in Bankura', most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to PHP price fluctuation.
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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