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If you make a lot of money transfers, you’d have an idea of how exchange rates can make you gain or lose money. Lately, they’ve been fluctuating a lot, especially in the Nigerian market. This is why it can cause a dent in your conversion and money transfer plans.
Because of how important this is to our users, our product team has come up with a great way to keep track of Grey's real-time exchange rates. This way, you can compare and track rates before your transactions.
In this post, we’ll show you how to find our rates page on Grey and how to make exchange rates work for you.
Tracking market exchange rates are very important because they help you plan and better strategize your money transfer plans - especially when they are cross-border payments.
Perhaps the most apparent reason to track exchange rates is to get the best market rates. Since rates go up and down often, you need to know when the right window is to make a swap.
For example, if you want to convert your GBP to NGN, you need to swap when the exchange rates are higher. If you swap when it’s lower, you’d be losing out on some NGN you could have earned during that conversion.
Another reason is to be able to make the right estimates during your budgets. If you are sending money abroad frequently, especially for business, you need to know if there’ll be any price changes. Tracking rates will help you know how much you need to spend for that transaction and what you’d need to factor in for surprise costs.
In general, tracking exchange rates will help you avoid any potential losses during currency conversions as well as reduce any risks involved in your foreign transactions.
Before making your currency conversions, here’s how you can see Grey exchange rates. These rates cut across all accepted currencies on Grey, and they are updated in real-time in line with parallel market rates.
PS: Please keep in mind that you have to be signed in to your Grey account to see this page.
Grey has one of the best exchange rates available in the market. With competitive fees, you can be sure to get the best deals on your instant currency conversions. Since we know how exchange rates can affect businesses, we hope our rates page helps you make better financial decisions.
Create a Grey account and start enjoying all the tools and rates available to make your international payments better.
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