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|Buy PHP Demand Draft||N/A|
Actual Philippine Peso exchange rates today in Malappuram have never been easy to find until now. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Philippine Peso exchange rates today in Malappuram. 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 Malappuram. Our other forex related products and services include PHP forex cards, PHP traveler's cheques, money transfer and remittance services. Customers can visit one of our channel partner locations to collect their orders.
BookMyForex being a technology company, its offerings go beyond the standard 'today's PHP rate in Malappuram'. Other foreign exchange dealers in Malappuram are simply exploiting the customers through the concept of a static 'today's PHP rate in Malappuram'. 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. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's PHP rate in Malappuram'. Little do customers know that in the the name of 'today's PHP rate in Malappuram', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to PHP price fluctuation on account of the PHP being traded globally just 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 Malappuram' therefore, is just a means to exploit the customer.
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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