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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. BookMyForex was established by Mr. Sudarshan Motwani in 2012 to address exactly these challenges. He has successfully established and run the Foreign Exchange division at some of the most renowned banks in India in the past.
Finding the Japanese Yen exchange rates today in Sudhar used to be a challenge until BookMyForex came into the picture. It is only BookMyForex that now provides live and real time Japanese Yen exchange rates today in Sudhar. You also have the option to lock-in the Japanese Yen exchange rates today in Sudhar 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 Sudhar?, 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 Sudhar? 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 concept of ?today?s JPY rate in Sudhar? is in reality just a farce and a means to exploit the customers. Unfortunately it also is a standard practice in the market.
The Company?s offerings of forex and related services are already available across the country and include currency exchange, 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 all Axis Bank and ING Vysya Bank branches, which are our PAN India banking partners.
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