What is the
best Send Money conversion rate for GBP to NGN?
The best GBP to NGN exchange rate is 2051.26 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
Post Office - Sterling to Naira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Post Office and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers.
How do Post Office GBP-NGN rates compare between providers?
Looking at the full
GBP to NGN - Send Money comparison table the provider with the best GBP to NGN exchange rate is Wise at 2051.26.
The next best is Currencies Direct at 2044.04.
Then Western Union at 2029.62, .
Among the banks the Lloyds Bank rate is -76.3241 the Royal Bank of Scotland rate is -63.9609 and the Barclays Bank rate is 1988.41 compared to the mid-rate 2,060.5.
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
like Post Office or platforms that offer rates closer to the mid-market rate.