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Customers looking for forex rates have to constantly struggle to find the actual Japanese Yen rates today in Kumbakonnam. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time Japanese Yen exchange rates today in Kumbakonnam are available 24*7 on BookMyForex’s website for all to see. Customers can buy/ sell their currency at live rates or at a rate they can ‘lock-in’ using the “Freeze the rate” option on the website to avail the best Japanese Yen exchange rates today in Kumbakonnam. Our other forex related products and services include JPY forex cards, JPY traveler’s cheques, money transfer and remittance services. Orders can be collected at our branches or at our partner bank branches, Axis Bank and ING Vysya, in Kumbakonnam. Orders can also be delivered at home free of cost.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s JPY rate in Kumbakonnam”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s JPY rate in Kumbakonnam” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the JPY is traded across the world electronically just like stocks, its prices also fluctuate. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on “today’s JPY rate in Kumbakonnam”. Little do customers know that in the the name of “today’s JPY rate in Kumbakonnam”, 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. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. “Today’s JPY rate in Kumbakonnam” therefore, is just a means to exploit the customer.
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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