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Customers looking for forex rates have to constantly struggle to find the actual Japanese Yen rates today in tellicherry. Unlike other websites that provide only the interbank rate or base rate, BookMyForex now provides live and real time Japanese Yen exchange rates today in tellicherry. Customers have the choice to book their order at live rates or at Japanese Yen exchange rates today in tellicherry that they can select by using the 'Freeze the rate' option on our website. Our full suite of forex related products includes JPY currency notes, JPY forex cards, JPY traveler's cheques and JPY money transfer and remittance services using JPY DDs and JPY wire transfers. Customers can visit our channel partner locations to collect their orders or they can have the order home-delivered free of cost.
While BookMyForex's charges are based on live rates, other currency exchangers base their charges on 'daily rates' or 'today's JPY rate in tellicherry' which are much higher. Charging 'today's JPY rate in tellicherry' 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. Customers are simply being taken for a ride and exploited, when foreign exchange dealers base their forex rates on 'today's JPY rate in tellicherry'. Little do customers know that in the the name of 'today's JPY rate in tellicherry', the rates charged by the currency exchanger are higher because they have to protect themselves from any losses owing to JPY price fluctuation on account of the JPY being traded globally just like any other financial security. To protect themselves from any losses on account of price fluctuation, currency exchangers keep higher margins and therefore their rates are higher. 'Today's JPY rate in tellicherry' therefore, is just a means to exploit the customer.
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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