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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. 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.
It can be quite a pain for a customer to find out the Philippine Peso exchange rates today in Cuddalore. It is only BookMyForex that now provides live and real time Philippine Peso exchange rates today in Cuddalore. You also have the option to lock-in the Philippine Peso exchange rates today in Cuddalore to exchange currency by using the 'Freeze the rate' option on the website. Other currency exchangers and websites use the base rate or interbank rate as 'today's PHP rate in Cuddalore', which isn't actually the rate at which currency is exchanged. Through the practice of 'today's PHP rate in Cuddalore' 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 norm of 'today's PHP rate in Cuddalore' is just an easy way for forex dealers to make a few extra bucks.
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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Process all types of Import/ Export and Commercial transactions | Online & Paperless Process I Best Remittance Rates I Expert Forex advice
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