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    EUR to NGN 2025 Forecasts

    Analysis of recent euro → naira forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Euro to Nigerian naira performance and trends.

     

    Forecasts for EUR to NGN

     

    Recent forecasts for the EUR to NGN exchange rate indicate a complex interplay of factors influencing both currencies. Analysts have pointed out that the euro (EUR) has been under pressure following dovish comments from European Central Bank (ECB) policymaker Martins Kazaks, who suggested a potential for multiple interest rate cuts. This dovish stance can weaken the euro, as lower rates typically lead to diminished investor appeal.

    As the euro remains influenced by macroeconomic indicators and ECB policy, the ongoing geopolitical tensions surrounding the war in Ukraine continue to pose significant risks. The EU’s financial and military support for Ukraine, as well as the broader economic impacts from sanctions on Russia and energy supply disruptions, have kept the euro's trading patterns volatile. A resolution in the conflict might bolster investor confidence, but persisting uncertainties could exacerbate downward pressure on the euro.

    In terms of market positioning, the EUR to NGN exchange rate currently stands at 1795 NGN, which is notably 4.7% above its three-month average of 1715 NGN and reflects a volatile trading range of 1555 to 1847 NGN over the past months. Such fluctuations underline the euro's sensitivity to both global economic sentiment and specific developments within the Eurozone, including the impact of ECB policy adjustments.

    Additionally, the Nigerian naira (NGN) has faced its own challenges, particularly following a significant cash crunch earlier this year that resulted from a poorly executed currency transition. This situation has led to substantial economic unrest, making the NGN more susceptible to shifts in market confidence. Nigeria's new leadership under President Tinubu will need to focus on rebuilding business confidence to facilitate economic growth, as ambitious growth targets will necessitate stability in the currency.

    Oil prices also play a crucial role in the EUR to NGN dynamic, given Nigeria's status as a major oil producer. Currently, oil prices are at 65.52 USD, which is 4.5% below the three-month average of 68.63 USD. The volatility in oil prices could further influence the Nigerian economy and, consequently, the strength of the naira. Overall, while some analysts remain cautiously optimistic about the euro's potential recovery with improving geopolitical conditions, the currency's trajectory will largely depend on ECB policies, broader economic performance in the Eurozone, and the evolving political landscape in Nigeria.

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    EUR to NGN Market Data

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

     
    Sell EUR   →   Buy NGN
    1 EUR =
    1,797.6We compare provider deals to this wholesale mid-market rate. Read more
    NGN
    +0.3%
    EUR to NGN at 1795 is 4.7% above its 3-month average of 1715, having traded in a very volatile 18.8% range from 1555 to 1847
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    Compare & Save - Euro to Nigerian naira

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Nigerian naira (NGN) rates from different sources before making a conversion.

    Use our EUR to NGN calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Euro to Naira currency rates and the possible savings of using various providers.

     
    DateEUR/NGNChangePeriod
    05 May 2025
    1816.82
    1.1% 2 Week
    18 Feb 2025
    1574.49
    14.1% 3 Month
    19 May 2024
    1625.44
    10.6% 1 Year
    20 May 2020
    426.55
    321.3% 5 Year
    22 May 2015
    219.28
    719.5% 10 Year
    24 May 2005
    167.03
    975.9% 20 Year
    EUR/NGN historic rates & change to 19-May-2025
     

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    Will the Euro rise against the Nigerian naira?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add EUR/NGN to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more