Glossary
Exchange rate margin
The extra a provider adds to the real market rate, which is how it makes money without showing a fee. Work it out yourself. If the market says 1,500 and the app offers 1,450, the margin is 50 naira on every dollar.
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Dollars & FXMid-market rate vs the rate you actually get
Why dollar to naira mid-market rates don't agree, what apps publish about their conversion cost, and a one-line way to work out what a rate is costing you.
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Dollars & FXUnderstanding the naira exchange rate
Why there's more than one dollar to naira rate, which one you actually get, and how to tell when you're being charged too much.
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