Experience the best exchange rates with Unique B
Inflation is the general increase in prices of commodities and reduced purchase value of money. Inflation can have a big impact on the household budget.
Office for National Statistics, UK publishes the latest annual inflation rate. The Consumer Prices Index was the highest in December 2022 at 9.2%. The unevenly increasing prices of commodities leads to a lowered purchasing power for consumers. This lowered purchasing power of the currency leads to a drop in the value of the currency. This in turn increases the rate of inflation in the country. Thus, this is a vicious cycle.
This inflation has led to a rise in the cost of living. This increased cost of living has had a great effect on the migrant workers who have crossed oceans and travelled thousands of miles to be able to earn a decent wage and also be able to support their families back in their home countries. The burden of inflation on such workers is doubled. This is because the cost of living has increased both in their home countries and the host country. Thus, while the money they can set aside for going home is depleted by the inflation in the host country, the purchase power of whatever money they send home is also reduced.
Along with the above detrimental factors, the migrant workers are also faced with the burden of exorbitant exchange rates. This is an additional expense that they can easily avoid. At Unique B Money we are aware of the various problems faced by the migrant workers. Hence, we are offering improved exchange rates for our customers who wish to transfer money to Nigeria
Send money to Nigeria via Unique B Money and experience the difference! We offer the best exchange rates in the market. Money transfer to Nigeria has also been made simple by our mobile app. Our mobile app allows you the ease of transferring money from the comfort of your home 24*7.
This new year, let us try and combat inflation by using Unique B Money's mobile app to send money to Nigeria. With improved exchanges rates, the money you transfer to Nigeria from the UK has greater value in Nigeria.
At Unique B Money, we also assure you that your money will safely and securely reach your beneficiary. You can also rest assured of having a quick transfer with low transaction fees. We also offer dependable customer services.
You can trust Unique B Money with your hard-earned money. We pay you what we display and ensure that your beneficiary (recipient) will receive money as per schedule. We have no hidden fees or charges.
Visit our website to know more.