What is the
WorldRemit Send Money conversion rate for USD to NGN?
The WorldRemit USD to NGN exchange rate is 1506.3. This is - compared to the latest USD-NGN mid-market rate 1,543.3.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Nigerian naira (NGN) rates from different sources before making a conversion.
The above
WorldRemit - Dollar to Naira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest USD-NGN mid-rate and the possible savings of using various providers.
How do WorldRemit USD-NGN rates compare between providers?
Looking at the full
USD to NGN - Send Money comparison table the provider with the best USD to NGN exchange rate is Wise at 1533.31.
The next best is Western Union at 1518.65.
Then WorldRemit at 1506.3, .
Among the banks the Chase Bank rate is -83.8957 the Wells Fargo Bank rate is -93.1557 and the Citibank rate is -22.1621 compared to the mid-rate 1,543.3.
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 WorldRemit or platforms that offer rates closer to the mid-market rate.