Royal Bank of Scotland GBP to NGN Transfers Compared

   

GBP to NGN update: The pound has gained modestly, trading near 2100 NGN despite weak UK retail sales and steady BoE rate expectations. Analysts warn that domestic indicators and global oil prices will continue to impact the exchange rate's volatility. Stay vigilant for updates on policy changes and economic reforms

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

The best GBP to NGN exchange rate is 2100.26 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 Royal Bank of Scotland - Sterling to Naira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Royal Bank of Scotland and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers. 

How do Royal Bank of Scotland 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 2100.26.

The next best is Currencies Direct at 2092.88.

Then Western Union at 2078.11, .

Among the banks the Lloyds Bank rate is -78.1947 the Royal Bank of Scotland rate is -65.5361 and the Barclays Bank rate is 2035.91 compared to the mid-rate 2,109.8.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Royal Bank of Scotland 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.