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NGN to GBP Market Data
Nigerian naira (NGN) to British pound (GBP) market data - latest interbank exchange rate, trend, chart & historic rates.
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1 NGN = 0.000511 GBP
1d0.0%⬦
NGN to GBP at 0.000510 is 1.4% below its 3-month average of 0.000517, having traded in a relatively stable 6.4% range from 0.000500 to 0.000532
Is the NGN to GBP 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 British pound is to review how the NGN/GBP rate has changed over time.
The table below shows the percentage change in the NGN to GBP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
The exchange rate forecast for the GBP to NGN indicates a complex interplay of monetary policy changes in the UK and ongoing reforms in Nigeria that may...
Current market bias: Bullish for GBP to NGN.
Key drivers:
- Interest rate differential: The Bank of England's indication of a pause on rate cuts supports GBP strength.
- Nigeria's inflation: Significant inflationary pressures, projected to reach around 37% in 2026, weigh on NGN.
- Positive retail sales in the UK could boost consumer confidence and strengthen GBP further.
Near-term range: Expect GBP to trade smoothly but within a stable range, showing bullish momentum above recent averages.
What could change it: Upside risks include stronger UK economic data, while downside risks stem from Nigeria's economic challenges and global oil market volatility.
In light of these factors, GBP to NGN appears poised for cautious optimism.
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GBP to NGN update: The pound shows bullish momentum, trading at 1959, buoyed by the BoE's pause on rate cuts. Inflation in Nigeria poses challenges for the naira. Expect stable trading ahead with potential for UK data to drive GBP higher
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NGN to GBP 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 British pound across a range of amounts.
This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :