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It is next to impossible for customers to find the actual Japanese Yen exchange rates today in Varkala especially on the Internet. This is because most of the rates you see online are just interbank or base rates, which aren’t actual currency exchange rates. But now live and real time Japanese Yen exchange rates today in Varkala are available 24*7 on BookMyForex’s website for all to see. 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 Varkala 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. Customers can even choose to have their order home-delivered.
Unlike other foreign exchange dealers that exploit customers by basing their charges on daily rates or “today’s JPY rate in Varkala”, BookMyForex’s offerings are more customer-oriented in terms of price and convenience. The norm of “today’s JPY rate in Varkala” for basing forex rates only benefits the currency exchangers and earns them higher revenues. Because the JPY is traded across the world electronically just like stocks, its prices also fluctuate. While BookMyForex’s charges are based on live rates, other currency exchangers base their charges on ‘daily rates’ or “today’s JPY rate in Varkala” which are much higher. Charging “today’s JPY rate in Varkala” 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. 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 Varkala” therefore, is just a means to exploit the customer.
Mr. Sudarshan Motwani established BookMyForex in 2012 with a vision to make the foreign exchange market more organized and transparent in India. Equipped with the expertise of having successfully set up and run the Foreign Exchange division at some of India’s leading banks, the challenge of setting up a Company that would revolutionize the entire forex market in India, was not daunting for him. Our services can be accessed online across India.
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