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The foreign exchange market in India has been fairly disorganized, due to which there are wide fluctuations in forex rates and there is no uniformity regarding forex products and regulation. Mr. Sudarshan Motwani, who has headed the foreign exchange function at some of the leading Indian Banks, established BookMyForex in 2012 to address these issues and streamline the forex business in the country.
It can be quite a pain for a customer to find out the Japanese Yen exchange rates today in Phillaur. But not anymore?Live and real time Japanese Yen exchange rates today in Phillaur are now available on BookMyForex for currency exchange. You also have the option to lock-in the Japanese Yen exchange rates today in Phillaur to exchange currency by using the ?Freeze the rate? option on the website. Other currency exchangers and websites use the base rate or interbank rate as ?today?s JPY rate in Phillaur?, which isn?t actually the rate at which currency is exchanged. The actual rate for exchanging currency is far higher than the so-called ?today?s JPY rate in Phillaur? because the forex dealers have to keep high margins to avoid any losses on account of JPY price fluctuation in the global market. So the customers end up being at the losing end when ?today?s JPY rate in Phillaur? is the basis for currency exchange.
The Company?s entire suite of forex products includes JPY currency notes, JPY forex cards, JPY traveler?s cheques or remittance products such as JPY demand drafts and JPY wire transfers.Orders are delivered at our own branches or at the branches of ING Vysya bank and Axis bank, our banking partners in India.
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