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Understanding the Table:
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’.
Sending money to the United States 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 United States bank accounts or pay a US dollar invoice.
Nigerian naira (NGN) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/NGN Outlook: The USD/NGN exchange rate is likely to decrease as it currently trades below the 90-day average and near recent lows.
EUR/USD Outlook: The EUR/USD is currently above its recent average and shows signs of resilience, driven by a combination of economic factors.
USD/GBP Outlook: The USD/GBP exchange rate is likely to move sideways as it is near its recent average.
To help you understand the real-world value of the current exchange rate, the table below shows how much Nigerian naira are worth in US 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 * :
*Converted at the current NGN-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
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 US dollar (USD) rates from different sources before making a conversion.
The above Naira to Dollar 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-USD mid-rate and the possible savings of using various 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:
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