The MoneyGram exchange rate calculator, or estimator, calculates the exchange rate for different currencies in countries where MoneyGram provides services. Individuals may also select the box to subtract MoneyGram fees from the amount sent in the exchange rate, according to the company website.
To use the exchange rate calculator on the MoneyGram website, a customer must use the drop down menu to select which country the money is sent from, the original currency and the destination country. The customer then enters the amount of money being sent and the calculator converts this amount into the currency of the destination country. The customer can then tell the recipient how much money is being sent. Alternatively, customers can determine how much money they need to send to recipients by selecting Receive Amount from the drop down menu.
If the customer is sending money to one of the select countries that distributes more than one type of currency, the sender must select which currency the recipient will receive, according to MoneyGram. The recipient may not change this option. If the destination country offers this option, the estimator will allow the customer to select from the available currencies.
MoneyGram allows customers to send money using a Visa, MasterCard or AHC bank account debit. Recipients may pick up the money from their local MoneyGram location. MoneyGram does transfer money directly to bank accounts in Mexico.Learn More
Liquidity is the ability of a company or country to meet its near-term cash flow requirements. Solvency is the ability for a company or country to meet its long-term financial obligations.Full Answer >
According to the Consumer Financial Protection Bureau, a debt-to-income ratio of 36 percent and under is good. It is more difficult to get a loan approved when the ratio is over 43 percent, especially if the loan is for a qualified mortgage.Full Answer >
Net fixed assets are calculated with the following formula: fixed asset purchase price + additions to existing assets - accumulated depreciation - accumulated asset impairment - liabilities associated with the fixed asset. Determining the net fixed assets is useful when evaluating an acquisition candidate because it allows a company to develop an opinion about another company's assets.Full Answer >
A "per diem" rate is an amount given to a travelling worker to cover basic daily expenses. Rates are typically established based on geographic region for both domestic and international travel. The variance in rates is based on differences in costs for transportation, accommodations and food.Full Answer >