The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
EUR to NGN Market Data
Euro (EUR) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the EUR to NGN 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 Euro against the Nigerian naira is to review how the EUR/NGN rate has changed over time.
The table below shows the percentage change in the EUR to NGN exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
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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EUR to NGN 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 Euro are worth in Nigerian naira across a range of amounts.
This gives a quick view of what you’d get when converting different EUR amounts at today’s rate * :
What is the
best Send Money conversion rate for EUR to NGN?
The best EUR to NGN exchange rate is 1694.1 from Wise. This is -0.6% compared to the mid-market rate 1,704.3.
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 1694.1, -0.6% from the latest mid-market rate 1,704.3.
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.