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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. BookMyForex was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.
It can be quite a pain for a customer to find out the Japanese Yen exchange rates today in Bhagsunag. It is only BookMyForex that now provides live and real time Japanese Yen exchange rates today in Bhagsunag. BookMyForex also allows you to lock-in the live Japanese Yen exchange rates today in Bhagsunag to exchange currency. Most websites and currency exchangers provide only the base rate/ interbank rate as “today’s JPY rate in Bhagsunag”, which is not really the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called “today’s JPY rate in Bhagsunag” because the forex dealers have to keep high margins to avoid any losses on account of JPY price fluctuation in the global market. So the concept of “today’s JPY rate in Bhagsunag” is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The complete range of forex products offered by the Company includes JPY currency notes, JPY forex cards, JPY traveler’s cheques or remittance products such as JPY demand drafts and JPY wire transfers.Orders are delivered at our own branches or at our banking partners’ branches, viz. Axis Bank and ING Vysya Bank, across India.
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