1 JPY+MORB = N/A INR Interbank/ mid-market Rate at: 2022-06-25 13:41:21
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Customers will no longer have to struggle to find the actual Japanese Yen exchange rates today in Morbi. Most websites on the net don't provide currency exchange rates but only the interbank or base rate. However, BookMyForex has made this easy for the customers because now they can log on to our website at any point in time to see the live and real time Japanese Yen exchange rates today in Morbi. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Japanese Yen exchange rates today in Morbi by using the 'Freeze the rate' option on our website. We provide the entire gamut of forex related products & services that include JPY currency notes, JPY forex cards, JPY traveler's cheques, money transfer and remittance services. Orders are delivered at our own branches or at the branches of our channel partners. Customers can even choose to have their order home-delivered.
Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's JPY rate in Morbi'. Little do customers know that in the the name of 'today's JPY rate in Morbi', 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. While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's JPY rate in Morbi' which are much higher. Charging 'today's JPY rate in Morbi' provides a cushioning effect to avoid incurring losses due to JPY price fluctuation in the market because just like stocks JPYs are also traded electronically across the globe 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 Morbi' therefore, is just a means to exploit the customer.
A pioneer in the forex markets in India, Mr. Sudarshan Motwani founded BookMyForex to overcome the challenges of a disorganized forex market, widely fluctuating prices and lack of uniformity in forex products and regulations in India. Mr. Motwani successfully established and ran the Foreign Exchange division at some of India's leading banks and therefore has the expertise to turn things around in the current market scenario. Our services are already available online across India.
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