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 details and click ‘Get Rates’.
GBP to NGN Market Data
British pound (GBP) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP to NGN at 2115 is 1.5% above its 3-month average of 2083, having traded in a fairly volatile 9.9% range from 1965 to 2160
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Is the GBP 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 British pound against the Nigerian naira is to review how the GBP/NGN rate has changed over time.
The table below shows the percentage change in the GBP to NGN exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
GBP/NGN trading at 2115, up 1.5% from 3-month avg amid US tariff pressure. Analysts note £ lacks clear direction w/ high volatility (1965-2160 range). Oil price movements near 30-day highs could support NGN, while BOE decisions crucial for GBP outlook
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Nigerian naira across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
What is the
best Send Money conversion rate for GBP to NGN?
The best GBP to NGN exchange rate is 2103.28 from Wise.
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
Sterling 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 GBP-NGN mid-rate and the possible savings of using various providers.
How do GBP-NGN rates compare between providers?
Looking at the
full comparison table
the best GBP to NGN exchange rate is 2103.28 from Wise. The next best rate is 2095.88 from Currencies Direct. Then Western Union with 2081.09.
Among the banks the Lloyds Bank rate is -78.3098 the Royal Bank of Scotland rate is -65.6331 and the Barclays Bank rate is 2038.84 compared to the mid-rate 2,112.8.
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.