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It is next to impossible for customers to find the actual Philippine Peso exchange rates today in Kakinada especially on the Internet. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Philippine Peso exchange rates today in Kakinada. 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 Kakinada. Our other forex related products and services include PHP forex cards, PHP traveler's cheques, money transfer and remittance services. Orders can be collected at our branches or at locations of our partnering RBI authorized exchange companies/ banks, in Kakinada.
BookMyForex being a technology company, its offerings go beyond the standard 'today's PHP rate in Kakinada'. Other foreign exchange dealers in Kakinada are simply exploiting the customers through the concept of a static 'today's PHP rate in Kakinada'. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the PHP rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's PHP rate in Kakinada' which are much higher. Charging 'today's PHP rate in Kakinada' 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. 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 Kakinada' 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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