Are you planning on using Western Union to either send or receive money? Want to know what their exchange rate is before you proceed with the transaction? Then read through this post to find out. More information on Western Union will also be given in detailed clarity.
Western Union Money Transfer
Western Union Money Transfer is a platform which allows you to send money to and also receive money from people around the world in a short period of time. Transactions can be made with Western Union 7 days a week, 24 hours a day.
Western Union has attained a certain level of importance in the exchange arena in the country. It has evolved over the years, and consequently become one of the reference points as far as determination of the Exchange rate of the Dollar to the Naira is concerned.
The global currency market is a very unstable entity and as a result, exchange rate values are forever changing and a fixed rate can not be achieved even for just an entire day. This unstable nature requires that constant update of exchange rates be made to keep up with current realities.
This is especially true for those making financial transactions through this medium, that is, either receiving payments in dollars or sending same in US dollars.
The Workings of Western Union Money Transfer
According to the Western Union website, it operates as a conduit that allows people to send and receive funds by way of phone, internet or Western Union center. To set a Western Union money transfer in motion, a sender goes to a Western Union center and initiates a transfer. After completing the necessary paper work, the money would made available to the receiver on the other end of a Western Union center or wait until it gets to the bank account.
Western Union Dollar to Naira Exchange Rate Today
As of today, the 1st day of April, 2018, the Western Union Dollar to Naira exchange rate is given below.