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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
Philippine Peso exchange rates today in Belgaum are not really easy to find on any website. BookMyForex is the first portal in India that provides live rates and actual Philippine Peso exchange rates today in Belgaum to exchange currency. The other option for customers is to lock-in the Philippine Peso exchange rates today in Belgaum by selecting the 'Freeze the rate' option on the website. 'Today's PHP rate in Belgaum' as per other websites and currency exchangers is the base rate or interbank rate but currency isn't really exchanged at this rate. Through the practice of 'today's PHP rate in Belgaum' the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Philippine Pesos are traded electronically worldwide. So the concept of 'today's PHP rate in Belgaum' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company's offerings of forex and related services are already available across the country and include currency exchange, PHP currency notes, PHP forex cards, PHP traveler's cheques or remittance products such as PHP demand drafts and PHP wire transfers.Orders are delivered by our own branches or by one of our several hundred channel partner locations, across India.
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