Western Union Exchange Rate Dollar To Naira Today
For those wanting to know how much is dollar to naira in moneygram. We come up with this post to give you frequently updated western union exchange rate dollar to naira Today .
The Nigerian Naira foreign exchange rates varies from vendor to vendor. While the inter-bank (official rate) is set by the Central bank of Nigeria (CBN) and it usually relatively cheap, only financial organizations gets it at such prices. This means the exchange rate we get is quite different from the inter-bank exchange rate. Different vendors have different rates based on a number of factors. We shall look at the Western Union US dollars to Naira exchange rate in this article.
WESTERN UNION EXCHANGE RATE DOLLAR TO NAIRA
Western Union Exchange Rate Dollar to Naira : 355.00
Pounds To Naira : 452.42
Euro To Naira : 379.94
Western Union is an American financial services and communications company specialized in sending as well as receiving money. This money can either be in the same currency or different currency from another country. In this case, there will be a need to change the sent currency to the currency the receiver wants. The way western Union works is simple. After a sender hands over the necessary money and fills out the paperwork is done, funds are available within a few minutes to the person receiving the cash.
The recipients can pick up the money at an approved center, or they can wait to see if the fund are available in their bank account, depending on how the money was sent. Western Union had been a major money transfer service used by Nigerians when either sending or receiving money internationally.
The UNITED STATES DOLLARS
The United States dollar shortformed as USD is the most used currency for international transactions in the world, it is the 6th strongest currency and the most popular in the world. It is used officially in about 12 territories and unofficial in 29 other territories. It is issued by the Federal Reserve System and has an inflation rate of 0.10%.
The NIGERIAN NAIRA
The Nigerian Naira with NGN as it code is the currency of Nigeria. This currency is solely issued by the Central bank of Nigeria. In recent years, inflation had been a major problem bedeviling this currency with it rate put at over 17%.
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