| Name: | MoneyGram |
| Type: | Money Transfer Operator |
| Data collected on: | Aug 22, 2024 |
| Note: | I went to the Wafacash service, which offered the MoneyGram service. They gave me the charges for each transaction. To send XAF 93000, the exact charge is XAF 4100, and the recipient receives NGN 242502.
The charge for sending XAF 293000 is XAF 12850, and the amount received is NGN 764013.44. Calculating the ratio to obtain the FX rate (not including shipping costs) gives me an FX rate of 2.6075. |