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It is next to impossible for customers to find the actual Philippine Peso exchange rates today in Lakhimpur Kheri especially on the Internet. This is because most of the rates you see online are just interbank or base rates, which aren't actual currency exchange rates. But now live and real time Philippine Peso exchange rates today in Lakhimpur Kheri are available 24*7 on BookMyForex's website for all to see. So customers can either buy forex at live rates or select the 'Freeze the rate' option on our website to lock-in the Philippine Peso exchange rates today in Lakhimpur Kheri and exchange their currency at that rate within three days. We also offer other forex related products that include PHP currency notes, PHP forex cards, PHP traveler's cheques, as well as money transfer and remittance services through PHP wire transfers and PHP demand drafts. Orders are delivered at our own branches or at the branches of our channel partners.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's PHP rate in Lakhimpur Kheri' which are much higher. Charging 'today's PHP rate in Lakhimpur Kheri' 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. Being a technology company our offerings go beyond the standard 'today's PHP rate in Lakhimpur Kheri'. Other foreign exchange dealers in Lakhimpur Kheri are simply exploiting the customers through the concept of a static 'today's PHP rate in Lakhimpur Kheri. 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. In the name of 'today's PHP rate in Lakhimpur Kheri', 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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