Cryptocurrency Q&A
Does Western Union use a mid-market exchange rate?
Does Western Union use a mid-market exchange rate?
MysticInfinity
Thu Jan 23 2025
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6
answers
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I'm curious about Western Union's exchange rate policy. Specifically, I want to know if they use the mid-market rate for their currency conversions. This information is important for me to understand the cost-effectiveness of using their services.
6 answers
Filippo
Sat Jan 25 2025
The current rate is -1.48% lower than the mid-market rate.
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Michele
Sat Jan 25 2025
Western Union does not adopt the mid-market rate for money transfers.
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DigitalDynastyGuard
Sat Jan 25 2025
Instead, they apply a mark-up to the exchange rate.
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AltcoinExplorer
Fri Jan 24 2025
This mark-up serves as an additional fee for transferring funds abroad.
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Lucia
Fri Jan 24 2025
The mid-market exchange rate is crucial as it represents the benchmark rate.
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