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Actual US Dollar exchange rates today in Phillaur have never been easy to find until now. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time US Dollar exchange rates today in Phillaur. Customers have the choice to book their order at live rates or at US Dollar exchange rates today in Phillaur that they can select by using the “Freeze the rate” option on our website. Our full suite of forex related products includes USD currency notes, USD forex cards, USD traveler’s cheques and USD money transfer and remittance services using USD DDs and USD wire transfers. Customers can visit Axis Bank and ING Vysya Bank, our nation-wide banking partners, to collect their orders or they can have the order home-delivered free of cost.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s USD rate in Phillaur”. Little do customers know that in the the name of “today’s USD rate in Phillaur”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to USD price fluctuation on account of the USD being traded globally just like any other financial security. Being a technology company our offerings go beyond the standard “today’s USD rate in Phillaur”. Other foreign exchange dealers in Phillaur are simply exploiting the customers through the concept of a static “today’s USD rate in Phillaur. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the USD rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. Using it’s strong IT infrastructure to its advantage, BookMyForex offers far better options to customers
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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