EUR/NGN currently at 1667, down 4.6% from the 3-month avg of 1747. Analysts cite cooling Eurozone inflation and a contraction in PMI as contributing factors, while the NGN faces downside risks from reduced interest rates and fluctuating oil prices. Stay alert for policy shifts

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

The best EUR to NGN exchange rate is 1656.03 from Wise. This is -0.6% compared to the mid-market rate 1,666.0.

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

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

How do EUR-NGN rates compare between providers?

Looking at the full EUR to NGN - Send Money comparison table the provider with the best EUR to NGN exchange rate is Wise at 1656.03, -0.6% from the latest mid-market rate 1,666.0.

The next best is Western Union at 1641.04, -1.5% from the mid-rate.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers 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.