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

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Philippine Peso Rates in Proddatur

The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. 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.

It can be quite a pain for a customer to find out the Philippine Peso exchange rates today in Proddatur. It is only BookMyForex that now provides live and real time Philippine Peso exchange rates today in Proddatur. You also have the option to lock-in the Philippine Peso exchange rates today in Proddatur 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 Proddatur', which isn't actually the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called 'today's PHP rate in Proddatur' because the forex dealers have to keep high margins to avoid any losses on account of PHP price fluctuation in the global market. So the concept of 'today's PHP rate in Proddatur' is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.

The Company's entire suite of forex products includes 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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