Current Rate =
|Buy JPY Forex Card||₹0.7174|
|Sell JPY Forex Card||₹0.612|
|Buy JPY Wire Transfer||₹0.8483|
|Buy JPY Currency Notes||₹0.751|
|Sell JPY Traveler Cheques||N/A|
|Sell JPY Currency Notes||₹0.6679|
|Buy JPY Traveler Cheques||N/A|
|Buy JPY Demand Draft||₹0.7383|
In case you are planning a trip to Japan in the coming season, you would certainly require a lot of Japanese Yens, the official currency of Japan. Now you have the choice to buy/sell Japanese Yen (JPY) in Mumbai either from traditional places such as banks or local money exchange dealers or to get it from a trusted online currency exchange marketplace such as BookMyForex.
However purchasing Japanese Yen in Mumbai from your bank would involve making in-person visits, haggling to get better rates, going through a complex documentation process and still ending up paying higher JPY exchange rate and currency conversion charges.
On the other hand, you can convert INR to JPY online in Mumbai at the best rates with BookMyForex which is India’s first and largest currency exchange marketplace. You can simply order Japanese Yen in Mumbai from the comfort of your home and get it delivered directly to your doorstep!
Here is a comparative analysis of BookMyForex with traditional money changers such as banks showing why would you get the best Japanese Yen rates in Mumbai at BookMyForex.com
Here is how you can buy/sell foreign currency at BookMyForex.com in 4 easy steps:
Step 1: Visit BookMyForex.com or simply call at 9212219191
Step 2: Select your city (Mumbai), currency (INR to JPY) and the amount you want to exchange
Step 3: Upload KYC documents and you would be directed to the payment page. You can also
choose for the “Pay on Delivery” option
Step 4: Get your Japa(JPY) delivered to your doorstep or collect your currency from our nearby store. It’s that easy!
— Guaranteed better online Japanese Yen rate in Mumbai than banks, airports and money exchangers
— Live, transparent and consistently competitive Japanese Yen rate in Mumbai.
— Freeze or Lock-in rates for 3 days for a 2% refundable advance fee
— Same day* or next-day door delivery service.
— 5,000+ partnering forex locations across 650 cities in India
— Excellent Loyalty and referral schemes - earn money by referring to your friends. Save money on every subsequent order.
— Email/Rate alerts - Get notified when the rates reach the level you want.
— Best customer support, available 24x7 on every medium (FB/Twitter/Call/Email)
*Orders booked before 1 PM are available for same-day delivery
Due to the lack of transparency in the foreign exchange market, it is really difficult for customers to find the actual Japanese Yen exchange rates today in Mumbai. Most websites on the net don’t provide currency exchange rates but only the interbank or base rate but the transaction rates are much higher than the interbank rates due to a high mark-up fee levied by the banks over the 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 exchange rates today in Delhi. Customers have the choice to book their order at live rates or at Japanese Yen (JPY) exchange rates today in Delhi that they can select by using the “Freeze the rate” option on our website.
BookMyForex provides a full suite of forex related products including JPY currency notes, JPY forex cards, JPY traveller’s cheques and JPY money transfer and remittance services.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s JPY rate in Delhi”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “JPY rate today in Delhi” 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 Delhi”. Little do customers know that in the name of “today’s JPY rate in Delhi”, the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to Japanese Yen (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 Delhi” therefore, is just a means to exploit the customer.
Q1. What are the documents required to buy/sell Japanese Yen (JPY) in Mumbai?
Ans. As per the guidelines released by the Reserve Bank of India, the following documents are required to buy/sell Japanese Yen or convert JPY to INR in India:
Note: BookMyForex provides you with the facility to upload these documents online with the comfort of your home.
Ans. Using the rate alert feature available at BookMyForex.com, you can save yourself from keeping the tab on rates. The rate alert feature allows you to set the rates at the levels you want to purchase and then BookMyForex automatically notifies you when JPY Rates strike that rate.
Ans. Orders received prior to 1 pm are delivered on the same business day. Any order received after 1 pm may still be delivered on the same business day but in the worst-case scenario, BookMyForex guarantees delivery on the next business day.