GBP to NGN at 1899, down 5.5% from a 3-mo avg of 2010. Analysts warn of potential BoE rate cuts, keeping GBP on the defensive. Meanwhile, NGN faces headwinds from weak oil prices and reduced investor confidence, suggesting further weakness ahead

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What is the best Send Money conversion rate for GBP to NGN?

The best GBP to NGN exchange rate is 1885.6 from Wise. This is -0.75% compared to the mid-market rate 1,899.9.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare British pound (GBP) to Nigerian naira (NGN) rates from different sources before making a conversion.

The above Barclays Bank - Sterling to Naira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Barclays Bank and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers. 

How do Barclays Bank GBP-NGN rates compare between providers?

Looking at the full GBP to NGN - Send Money comparison table the provider with the best GBP to NGN exchange rate is Wise at 1885.6, -0.75% from the latest mid-market rate 1,899.9.

The next best is Western Union at 1871.36, -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is -71.2064 at -103.7% the Royal Bank of Scotland rate is -59.8073 at -103.1% and the Barclays Bank rate is -65.5069 at -103.4% compared to the mid-rate 1,899.9.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Barclays Bank often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.