Q1) Where can I see
MoneyGram indicative exchange rate from Singapore (SGD) to my country's receiving currency?
Click
Here to see MoneyGram's exchange rate and sending fee.
Q2) Can you send Western
Union funds to me in USD if my country agent can not pay out in USD?
No, we can
only send in the currency which your country agent can payout. The amount of
e-Currency sold to us, will be converted to SGD based on our website latest Sell
Rate before being converted to foreign currency by Western Union, as our
financial service agent
can only pay/receive in SGD. Similarly if you buy e-Currency by Western Union and
sent in foreign currency, Western Union will convert it to SGD before pay us and
then we will convert it to USD based on our site latest Liberty Reserve Buy Rate.
Q4) How do you estimate
Western Union Exchange Rate?
It is estimated based on a certain percentage
below xe.com currency conversion rate, this
percentage differs from country to country AND also the chosen
currency that the sender wants the receiver to collect. We currently have an
estimated percentage for over 90 countries, more countries will be added and updated
rates regularly.
Below is an example to
calculate the exchange rate from Singapore Dollars (SGD) to Thailand Baht (THB). THB
-> 1.11270% below xe.com currency rate xe.com rate: 1 SGD = 23.7045 THB 1
- 0.01127 = 0.98873 23.7045
X 0.98873 = 23.437350
Hence the estimated
Western Union Exchange Rate is 1 SGD = 23.437350 THB
Q5) How do you calculate
the amount I will receive if I sell 1659.30 USD worth of Liberty Reserve by Western Union
to Thailand?
Below is an example for Express Priority Sell Order. The sell rate, Western
Union rate is expected to
fluctuate.
Express Priority 0.5% fee: 1659.30 X 0.005 = 8.30 USD
Transport fee: 2 USD Liberty Reserve receive fee: 2.99 USD
Indicative Sell Rate: 1 USD = 1.585 SGD
Western Union sending fee: 32 SGD (for sending between 860 SGD to 2580 SGD to Thailand)
Estimated Calculation as follows: 1659.30 USD - 8.30 USD (Express
Priority) - 2 USD (transport) - 2.99 USD (LR fee) = 1646.01 USD 1646.01 USD X
1.585 (Sell Rate) = 2608.92 SGD 2608.92 SGD - 32 SGD (Western Union sending fee) =
2576.92 SGD 2576.92 SGD X 23.437350 (Estimated Western Union Exchange Rate) =
60,396.17 Thailand Baht (THB)
Q6) I live in Romania
where I can receive in USD, EUR & RON currencies with Western Union, which currency will you
send to me? If you did not specify the currency that you want to
receive, we will send in RON as Western Union offers the best exchange rate from
SGD to RON compared to USD and EUR. This also applies to other countries which
can receive dual currencies.
Q7) Can I have a fixed
amount to receive by Western Union rather than not knowing the exact amount I
will receive? Yes, but the
e-Currency sell rate will be slightly lower than
website rate to cover for any fluctuating of Western Union exchange rate. For
this, you will have to write the exact amount and currency that you want to
receive, in the "Instructions related to Western Union" column
of the Sell Order Form. Then we will contact
you via email and quote you the exact amount of Liberty Reserve you will have to pay.
Q8) I want to buy 2000
USD worth of Liberty Reserve, how much Singapore Dollars do I need to send to you by Western Union
for Express Priority? Estimated Calculation as follows: 2000 USD + 10 USD
(Express Priority fee) + 2 USD (Transport) = 2012 USD
2012 USD X 1.64 (Buy Rate) = 3299.68 SGD If you sent in different currency,
Western Union will convert it to Singapore Dollars based on their latest
exchange rate before pay out to us.
If you still have doubts, please
post on our forum
support folder or use
our Contact Us form. Do note that we may not answer your question directly if the answer
can be found on our site.
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