Please note that these figures are estimates and actual fees and exchange rates may vary:
Transfer Fee:
- Western Union charges a fee for money transfers. For a transfer from Nigeria to Germany, the fee could be around 25 Euros.
Exchange Rate:
- Western Union applies an exchange rate when converting the Nigerian Naira (NGN) to Euros (EUR). The exchange rate used by Western Union is usually slightly less favourable than the mid-market rate. To get an idea of the exchange rate, check on the Western Union website or app before starting your transfer.
Additional Charges:
- Some banks in Nigeria may charge an additional fee for international transfers. Additionally, the recipient in Stuttgart may incur a receiving fee depending on their bank's policies.
By combining the estimated transfer fee, the exchange rate, and any potential additional charges, you can calculate the approximate total cost of sending 150 Euros through Western Union from Nigeria to Stuttgart. It would be best to verify these details when initiating your money transfer to ensure accuracy.