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Japanese Yen Rates in Bhopal

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. 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.

Finding the Japanese Yen exchange rates today in Bhopal used to be a challenge until BookMyForex came into the picture. But not anymore…Live and real time Japanese Yen exchange rates today in Bhopal are now available on BookMyForex for currency exchange. The other option for customers is to lock-in the Japanese Yen exchange rates today in Bhopal by selecting the “Freeze the rate” option on the website. “Today’s JPY rate in Bhopal” as per other websites and currency exchangers is the base rate or interbank rate but currency isn’t really exchanged at this rate. Through the practice of “today’s JPY rate in Bhopal” the rates actually charged by other currency exchangers are much higher since they have to cushion themselves against losses on account of currency fluctuation, since like any other financial security the Japanese Yens are traded electronically worldwide. So the customers end up being at the losing end when “today’s JPY rate in Bhopal” is the basis for currency exchange.

The Company’s entire suite of forex products 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 the branches of ING Vysya bank and Axis bank, our banking partners in India.

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