Exchange Rate Withdrawing In The UK With Naira Card - Business - Nairaland
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| Exchange Rate Withdrawing In The UK With Naira Card by Bestep: 1:44pm On Jan 21, 2015 |
Is anyone as confused as I am about the exchange rate when withdrawing money from the UK ATM using Naira Master card? I just found out that I've withdrawn at the exchange rate of N294 - £1. How can I check exchange rate before withdrawal considering the volatility of the market. Is there any website or anywhere to check the rate, at least to make informed decision. How does it work. Is the rate you're charged determined by your bank or the UK bank you withdraw the money from? I checked online and the exchange rate varies from N280 - N286. Can one shop around for exchange rate as I'm used to shopping around in anything I do. I'll appreciate anyone enlightening me on this please or advise on more cost effective way of remitting naira to the UK. |
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