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Customers looking for forex rates have to constantly struggle to find the actual Japanese Yen rates today in Pala. 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 Pala. Through BookMyForex customers can buy/ sell currency either at live rates or by locking in the live Japanese Yen exchange rates today in Pala 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 banking partners – ING Vysya bank and Axis bank.
BookMyForex being a technology company, its offerings go beyond the standard “today’s JPY rate in Pala”. Other foreign exchange dealers in Pala are simply exploiting the customers through the concept of a static “today’s JPY rate in Pala”. 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. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s JPY rate in Pala” which are much higher. Charging “today’s JPY rate in Pala” 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. In the name of “today’s JPY rate in Pala”, most currency exchange companies charge higher rates for forex so they can cushion themselves in case of losses owing to JPY price fluctuation.
The very purpose of setting up BookMyForex was to tackle the challenges of a disorganized forex market such as the widely fluctuating prices and lack of uniformity in forex products and regulations in India. Having successfully established and run the Foreign Exchange division at some of India’s leading banks, Mr. Sudarshan Motwani, our CEO, took the challenge head-on. Our services are already available across India on our website.
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