![]() ![]() Please appreciate that there may be other options available to you than the products, providers or services covered by our service. compares a wide range of products, providers and services but we don't provide information on all available products, providers or services. Please don't interpret the order in which products appear on our Site as any endorsement or recommendation from us. While compensation arrangements may affect the order, position or placement of product information, it doesn't influence our assessment of those products. In the upper right, click the Menu icon and select estimate price from the dropdown. We may also receive compensation if you click on certain links posted on our site. To find the foreign exchange rates for sending money, visit wu.com. We may receive compensation from our partners for placement of their products or services. While we are independent, the offers that appear on this site are from companies from which receives compensation. Fees and rates subject to change without notice. Fees, foreign exchange rates and taxes may vary by brand, channel, and location based on a number of factors. The transfer fees and the money Western Union (or its Agents) makes when it changes your dollars into foreign currency may vary based upon the payout currency that you select. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. You may also find out the current foreign exchange rate provided by Western Union to its customers by calling toll-free to 1-80. Fees and rates subject to change without notice. 2 Western Union also makes money from currency exchange. ![]() When choosing a money transmitter, carefully compare the transfer fees and exchange rates. All international money transfer servicesį is an independent comparison platform and information service that aims to provide you with the tools you need to make better decisions. Western Union makes money from both transfer fees and currency exchange.While not as bad as airport kiosks (which mark up 9% or more), you can often find better services with Monito's comparison engine (these services may mark up around 0% to 0.5%). Western Union, Ria & MoneyGram make money from currency exchange. These rates make Western Union an average choice as an international money transfer service. In addition to a transfer fee, a currency exchange rate may apply. We found that Western Union applies around 7% margins on US dollar to Indian rupee money transfers. Other common currency pairs are even more expensive. When choosing a money transmitter, carefully compare both transfer fees and exchange rates. That's equivalent to a 1.6% markup for the transaction. Send Money Overseas in Travelex Stores with Western Union. Instead of getting £82.02, your recipient would get £80.70 with Western Union. The Western Union USD to GBP rate today is 0.79664. Mid-Market Exchange Rate: 1.00 USD = 0.8202 GBP.(You can monitor live mid-market exchange rates on sites like Monito, Google, and XE.com): Western Union's Exchange Rate: 1.00 USD = 0.8070 GBPīelow, we show the real mid-market exchange rate between USD and GBP - recorded at the same date and time.We found that for every one US dollar that you give Western Union, they bank transfer your recipient 0.80 British pounds: To find Western Union's exchange rates, we used their online price estimator (on January 16th at 0900 CEST). Let's see how this works in practice with a transfer from the US to the UK. How Much Does Western Union Charge to Send $100? Western Union will pocket this difference, also known as an exchange rate margin. ![]() To make a profit off of you, Western Union applies a weaker exchange rate when it transfers your money internationally. And it is the ideal rate to use when exchanging and sending foreign currency. Western Union's most complex fee is its hidden exchange rate fee.Īt any given moment, banks and large financial institutions exchange foreign currencies with each other using the interbank exchange rate, also called the mid-market exchange rate. Hidden Fees: Western Union's Exchange Rate ![]()
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