From 
NG you can also
send
money to
NG you can also
send
money to
Sending money from NIGERIA to BENIN
NGN
|
USD
Payment instrument
Access point
Sending network coverage
Transfer
speed
<em>Transfer
Speed</em> has been
standardized in six broad
categories.
Receiving method
Exchange rate
margin (%)
The
exchange rate margin is the cost
resulting from the fact that the
firm applies a rate that is
different from the market
reference rate. The margin is
the percentage difference
between the market reference
rate and the exchange rate
actually applied to the
transaction.
Total cost
(%)
The total
cost of sending a remittance
transfer includes: the fee
charged to the sender plus the
exchange rate margin.
Total cost
(NGN)
The total
cost of sending a remittance
transfer includes: the fee
charged to the sender plus the
exchange rate margin.
Payment instrument
Access point
Agent
Sending network
coverage
High
Receiving method
High
3,800.00
11.86
Percentage
difference between market
reference rate 1.46 and
exchange rate charged
1.29
21.36
8544.00
|
Total Average First Quarter 2021
21.36
|
Total Average Fourth Quarter 2020
17.53
|
Total Average
|
Fee
3,800.00
|
Exchange Rate Margin (%)
11.86
|
Total Cost Percent (%)
21.36
|
Total Cost (NGN)
8,544.00
|
Non-Transparent
records
Cash
Less than one hour
Cash
