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’.
NGN to CAD Market Data
Nigerian naira (NGN) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell NGN →
Buy CAD
1 NGN = 0.000881 CAD
▼-0.3% since yesterday
60d-highs
NGN to CAD at 0.000881 is just below its 3-month average, having traded in a quite volatile 10.3% range from 0.000857 to 0.000945
Is the NGN to CAD 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 Canadian dollar is to review how the NGN/CAD rate has changed over time.
The table below shows the percentage change in the NGN to CAD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
NGN/CAD
Period
24 May 2025
0.000864
2 Week
09 Mar 2025
0.000949
3 Month
07 Jun 2024
0.000936
1 Year
08 Jun 2020
0.003451
5 Year
10 Jun 2015
0.006179
10 Year
12 Jun 2005
0.009403
20 Year
NGN/CAD historic rates
NGN to CAD 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 Canadian dollar across a range of amounts.
This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :
What is the
best Send Money conversion rate for NGN to CAD?
The best NGN to CAD exchange rate is 0.0009 from WorldRemit. This is 2.2% compared to the mid-market rate 0.000881.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Nigerian naira (NGN) to Canadian dollar (CAD) rates from different sources before making a conversion.
The above
Naira to Loonie 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 NGN-CAD mid-rate and the possible savings of using various providers.
How do NGN-CAD rates compare between providers?
Looking at the
full comparison table
the best NGN to CAD exchange rate is 0.0009 from WorldRemit, 2.2% from the mid-market rate 0.000881.
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.