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It is next to impossible for customers to find the actual Philippine Peso exchange rates today in Vijayawada especially on the Internet. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Philippine Peso exchange rates today in Vijayawada. 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 Vijayawada. Our other forex related products and services include PHP forex cards, PHP traveler's cheques, money transfer and remittance services. Orders are delivered at our own branches or at the branches of our channel partners. Customers can even choose to have their order home-delivered.
BookMyForex being a technology company, its offerings go beyond the standard 'today's PHP rate in Vijayawada'. Other foreign exchange dealers in Vijayawada are simply exploiting the customers through the concept of a static 'today's PHP rate in Vijayawada'. 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. Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or 'today's PHP rate in Vijayawada', BookMyForex's offerings are more customer-oriented in terms of price and convenience. The norm of 'today's PHP rate in Vijayawada' 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 Vijayawada' 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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