Loading...
Best Exchange Rates

Home pages - full list (A-Z)

AUD to NGN Calculator

Australian Dollar to Nigerian Naira - Convert Compare Save

 

AUD to NGN mid-rate = 260.1985

Right now the AUD/NGN market mid-rate is 260.1985 and represents ideally how many Nigerian Naira you can get for one Australian Dollar.

Looking for NGN travel money? Then it is important to note that the Nigerian Naira is a closed currency. Which means that you will not be able to purchase the currency before departure and will need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees - Compare Travel Cards

You can calculate equivalent Australian Dollar to Nigerian Naira currency amounts (at mid-rate) below.

AUD / NGN Converter


$AUD


₦NGN
1 Australian Dollar equals
260.1985 Nigerian Naira

Compare how much you can save on
AUD/NGN exchange rates for:

Foreign Transfers

 
 
3 Month AUD to NGN Chart
Loading AUD/NGN rates
Sending to NGN we recommend: WorldRemit WorldRemit

Australian Dollar

Nigerian Naira

1 AUD 260.20 NGN
5 AUD 1,300.99 NGN
10 AUD 2,601.99 NGN
20 AUD 5,203.97 NGN
50 AUD 13,009.93 NGN
100 AUD 26,019.85 NGN
250 AUD 65,049.63 NGN
500 AUD 130,099.25 NGN
1,000 AUD 260,198.50 NGN
2,000 AUD 520,397.00 NGN
5,000 AUD 1,300,992.50 NGN
10,000 AUD 2,601,985.00 NGN
50,000 AUD 13,009,925.00 NGN
100,000 AUD 26,019,850.00 NGN
See more

Australian Dollar

Nigerian Naira

0.0038 AUD 1 NGN
0.0192 AUD 5 NGN
0.0384 AUD 10 NGN
0.0769 AUD 20 NGN
0.1922 AUD 50 NGN
0.3843 AUD 100 NGN
0.9608 AUD 250 NGN
1.9215 AUD 500 NGN
3.8430 AUD 1,000 NGN
7.6860 AUD 2,000 NGN
19.22 AUD 5,000 NGN
38.43 AUD 10,000 NGN
192.15 AUD 50,000 NGN
384.30 AUD 100,000 NGN
See more

NGN Country Guides
NigeriaNigeria

Australian Dollar to Nigerian Naira (AUD-NGN) - 10 Year History

The below table shows the historic variation in the AUD/NGN exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.

DateExchange RatePeriodChange
19 Jan 2019260.1984Latest
12 Jan 2019263.38581 Week-1.21%
20 Dec 2018258.84671 Month+0.52%
23 Jul 2018265.28536 Months-1.92%
19 Jan 2018287.77291 Year-9.58%
19 Jan 2017238.74892 Years+8.98%
20 Jan 2014140.84705 Years+84.74%
21 Jan 200997.166810 Years+167.79%

Best Rates for AUD/NGN Transfers and Travel Money

The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.


Why can't I just get the AUD/NGN market rate I see on Google or in the Media?

The AUD/NGN mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / NGN was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market AUD/NGN midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good AUD to NGN exchange rate

  1. Know the latest AUD/NGN market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Australian Dollar and Nigerian Naira

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs NGN, you should pay attention to both Australian Dollar and Nigerian Naira news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.

By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.

Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.

One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”

In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.

Nigerian Naira (NGN) - Market news and forecasts

No recent Nigerian Naira market updates.

Currency News and Forecasts - Australian Dollar

Australian Dollar to Get “Crucified,” Analyst Says
Pound Fights Back on Hopes for Soft Brexit; Thai Baht at Long-Term Highs
Sterling at 7-Week High Ahead of Important Brexit Vote
Euro Fails in Breakout Attempt, Has Mixed Outlook in 2019
Australian Dollar, Canadian Dollar to Outperform; Yuan at 5-Month High
Outlook for Singapore Dollar Is Bright; Swiss Franc Strong In Spite of ...