Getting the best available JPY Rate Today with BookMyForex

At BookMyForex, we go to every length possible in order to provide the best Japanese Yen Exchange Rates to our customers. We’ve invested significantly in our infrastructure to ensure that you receive rates that are live and accurate to the last second. The rates visible here aren’t interbank rates or base rates that are shown on most sites. These are rates at which you actually buy or sell JPY or send a JPY international remittance at these rates. Through the fixed rate order booking option, you can even block the rates that you see on our site whenever the markets are open. Moreover, the rate alert feature on our site allows you to get notified via email when the rates touch the level that you want.

Money changers have always used a static rate for JPY exchange purposes. This rate is sometimes termed “today’s JPY rate” or “JPY rate today”. This concept, however, is inherently flawed since the JPY rate varies as per the global demand and supply which is inherent in intra-day currency trading. There simply is no such thing such as a constant “Japanese Yen Exchange Rate Today” The only way banks or currency dealers manage to offer customers these “today’s JPY rates” is by creating a large buy-sell spread, effectively protecting themselves from intra-day market variations. With our strong technology infrastructure and our excellent tie ups, we’re able to provide our customers with perfectly live and transparent exchange rates.