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Customers looking for forex rates have to constantly struggle to find the actual Japanese Yen rates today in Panji. This is because most websites only provide the base rate or the interbank rate on their websites. With BookMyForex now in the market, this is no longer a challenge. It is the only website in India that provides live and real time Japanese Yen exchange rates today in Panji. So customers can either buy forex at live rates or select the “Freeze the rate” option on our website to lock-in the Japanese Yen exchange rates today in Panji and exchange their currency at that rate within three days. We also offer other forex related products that include JPY currency notes, JPY forex cards, JPY traveler’s cheques, as well as money transfer and remittance services through JPY wire transfers and JPY demand drafts. Orders are delivered at our own branches or at the branches of our banking partners – ING Vysya bank and Axis bank.
While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s JPY rate in Panji” which are much higher. Charging “today’s JPY rate in Panji” 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. Being a technology company our offerings go beyond the standard “today’s JPY rate in Panji”. Other foreign exchange dealers in Panji are simply exploiting the customers through the concept of a static “today’s JPY rate in Panji. 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. BookMyForex on the other hand goes beyond “today’s JPY rate in Panji” and offers far more to the customers, keeping their interest in mind.
The foreign exchange market in India is fairly disorganized and there are several loopholes in the policies governing the market. Mr. Sudarshan Motwani, our CEO, who was earlier heading the foreign exchange division in HDFC Bank and ING Vysya bank, had established BookMyForex with a vision to revolutionize the forex market and make it more streamlined. Our services are already available across India.
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