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The forex market in India has been quite disorganized and lacks proper regulations, due to which currency rates vary significantly and there is a lack of uniformity and transparency in the system. 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.
Japanese Yen exchange rates today in ponda are not really easy to find on any website. It is only BookMyForex that now provides live and real time Japanese Yen exchange rates today in ponda. You also have the option to lock-in the Japanese Yen exchange rates today in ponda 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 ponda', 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 ponda' 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 norm of 'today's JPY rate in ponda' is just an easy way for forex dealers to make a few extra bucks.
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 by our own branches or by exchange companies that partner with us
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