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Actual Philippine Peso exchange rates today in Palai have never been easy to find until now. 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 Palai are available 24*7 on BookMyForex's website for all to see. Customers have the choice to book their order at live rates or at Philippine Peso exchange rates today in Palai that they can select by using the 'Freeze the rate' option on our website. Our full suite of forex related products includes PHP currency notes, PHP forex cards, PHP traveler's cheques and PHP money transfer and remittance services using PHP DDs and PHP wire transfers. Orders are delivered at our own branches or at the branches of our channel partners.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's PHP rate in Palai'. Little do customers know that in the the name of 'today's PHP rate in Palai', 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or 'today's PHP rate in Palai', BookMyForex's offerings are more customer-oriented in terms of price and convenience. The norm of 'today's PHP rate in Palai' for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the PHP is traded across the world electronically just like stocks, its prices also fluctuate. 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 Palai' 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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