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It is next to impossible for customers to find the actual Japanese Yen exchange rates today in Bir especially on the Internet. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Japanese Yen exchange rates today in Bir. Customers have the choice to book their order at live rates or at Japanese Yen exchange rates today in Bir that they can select by using the “Freeze the rate” option on our website. Our full suite of forex related products includes JPY currency notes, JPY forex cards, JPY traveler’s cheques and JPY money transfer and remittance services using JPY DDs and JPY wire transfers. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Bir. Orders can also be delivered at home free of cost.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s JPY rate in Bir”. Little do customers know that in the the name of “today’s JPY rate in Bir”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to JPY price fluctuation on account of the JPY being traded globally just like any other financial security. Being a technology company our offerings go beyond the standard “today’s JPY rate in Bir”. Other foreign exchange dealers in Bir are simply exploiting the customers through the concept of a static “today’s JPY rate in Bir. Most money changers charge a fixed rate for a particular currency on a given day, whereas actually the JPY rates fluctuate constantly all through the day, as is the case with stocks in a stock exchange. In the name of “today’s JPY rate in Bir”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to JPY price fluctuation.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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