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NGN to EUR Transfers Compared

NGN-EUR Rate Calculator

 
 
   
   
   
   
   
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to the Eurozone can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the Eurozone bank accounts or pay a euro invoice.

 
   

NGN to EUR Market Data

Nigerian naira (NGN) to euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NGN   →   Buy EUR
1 NGN = 0.000624 EUR
1d−0.3%▼
Tracker
  1 EUR = 1,603.8 NGN

90-day market context

NGN to EUR at 0.000628 is 1.5% above its 3-month average of 0.000619, having traded in a fairly volatile 9.2% range from 0.000590 to 0.000644
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Currency Forecasts related to NGN/EUR

EUR to NGN Exchange Rate Forecast & Outlook

Currently, EUR/NGN is trading close to recent lows near 1588, holding near the 90-day average. The dominant driver from structured analysis is the rate differential, with the pair supported by Nigerian policy...

Read forecast

USD to EUR Exchange Rate Forecast & Outlook

Currently, USD/EUR is trading near the recent high, holding above the 90-day average and supported by risk-off sentiment. The pair remains close to recent highs, with safe-haven flows bolstering the dollar...

Read forecast

EUR to GBP Exchange Rate Forecast & Outlook

Currently, EUR/GBP is trading close to 0.8721, just above its 3-month average, within a 1.7% range. The pair remains supported by risk-off sentiment, with safe-haven flows pressuring risk-sensitive currencies.

Read forecast

EUR/NGN trades near 1597 with a mild downside bias as global risk-off sentiment supports NGN weakness. A downtrend may continue in the short term, making currency exchanges less favourable for travelers, expats, and businesses.

 

NGN to EUR 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 euro across a range of amounts.

This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :

NGN EUR
₦ 1 € 0.0006
₦ 5 € 0.0031
₦ 10 € 0.0062
₦ 20 € 0.0125
₦ 50 € 0.0312
₦ 100 € 0.0624
₦ 250 € 0.1560
₦ 500 € 0.3120
₦ 1,000 € 0.6240
₦ 2,000 € 1.2480
₦ 5,000 € 3.1200
₦ 10,000 € 6.2400
₦ 20,000 € 12.48
₦ 50,000 € 31.20
₦ 100,000 € 62.40
NGN EUR

More amounts

*Converted at the current NGN-EUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

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

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 euro (EUR) rates from different sources before making a conversion.

The above Naira to Euro 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-EUR mid-rate and the possible savings of using various providers. 

How do NGN-EUR rates compare between providers?

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.

 

View a full list of exchange rates by selecting your Base (from) currency: