Are MoneyGram exchange rates reasonable?
MoneyGram exchange rates vary a lot from one location to another. In many cases, MoneyGram exchange rates and fees can range from as low as 0.6% to as high as 5%. It is, therefore, important to check the exchange rates and send money when they are high.
How To Avoid Paying High Fees
To avoid paying high fees, use electronic payment and delivery methods. If you pay with a credit card, you will likely incur maximum fees. While paying with cash can be expensive, it's the best option if you need to send money very quickly to cover urgent situations.