Today's Philippine Peso Rates for Foreign Exchange and Money Transfer from India

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Philippine Peso Rates in Mumbai

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.

Finding the Philippine Peso exchange rates today in Mumbai used to be a challenge until BookMyForex came into the picture. It is only BookMyForex that now provides live and real time Philippine Peso exchange rates today in Mumbai. You also have the option to lock-in the Philippine Peso exchange rates today in Mumbai 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 Mumbai', which isn't actually the rate at which currency is exchanged. Through the practice of 'today's PHP rate in Mumbai' 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 customers end up being at the losing end when 'today's PHP rate in Mumbai' is the basis for currency exchange.

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 exchange companies that partner with us

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