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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.
It can be quite a pain for a customer to find out the Philippine Peso exchange rates today in Jalpaiguri. It is only BookMyForex that now provides live and real time Philippine Peso exchange rates today in Jalpaiguri. BookMyForex also allows you to lock-in the live Philippine Peso exchange rates today in Jalpaiguri to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as 'today's PHP rate in Jalpaiguri', which is not really the rate at which currency is exchanged. Through the practice of 'today's PHP rate in Jalpaiguri' 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 Jalpaiguri' 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 entire suite of forex products includes 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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