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NGN to EUR Market Data
Nigerian naira (NGN) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.
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1 NGN = 0.000586 EUR
1d0.0%⬦
NGN to EUR at 0.000585 is just 0.8% below its 3-month average of 0.00059, having traded in a quite stable 5.2% range from 0.000574 to 0.000604
Is the NGN to EUR Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Nigerian naira against the Euro is to review how the NGN/EUR rate has changed over time.
The table below shows the percentage change in the NGN to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Recent forecasts concerning the USD to EUR exchange rate indicate a bearish outlook for the US dollar (USD) while the euro (EUR) experiences limited strength.
Current market bias: The EUR to NGN exchange rate is range-bound.
Key drivers:
- The European Central Bank (ECB) has maintained steady interest rates, focusing on inflation concerns, which impacts the euro.
- Nigeria faces a tough outlook with projected inflation rising to 37% in 2026, affecting the naira's stability.
Near-term range: EUR to NGN is expected to trade within a stable range, reflecting limited volatility influenced by recent patterns.
What could change it: An upside risk includes improved economic data from Germany, potentially strengthening the euro. Conversely, worsening economic conditions in Nigeria could further weaken confidence in the naira.
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EUR/NGN currently shows range-bound action as the ECB holds rates steady amid inflation concerns. The naira struggles with projected inflation hitting 37% in 2026. Market factors are keeping the pair stable for now. Keep an eye on Germany’s economic indicators for potential shifts
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NGN to EUR Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Nigerian naira are worth in Euro across a range of amounts.
This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :