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AUD to NGN - Compare Exchange Rates

Australian Dollar to Nigerian Naira - Convert Compare Save

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AUD to NGN interbank exchange rate = 254.3691

Right now the AUD/NGN interbank exchange rate is 254.3691. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Nigerian Naira to 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

This AUD/NGN Converter calculates equivalent Australian Dollar to Nigerian Naira amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / NGN converter & margin calculator


$AUD
₦NGN
Mid-rates:
 
Sending AUD->NGN we recommend:

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1 Week AUD to NGN
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Australian Dollar

Nigerian Naira

1 AUD 254.37 NGN
5 AUD 1,271.85 NGN
10 AUD 2,543.69 NGN
20 AUD 5,087.38 NGN
50 AUD 12,718.46 NGN
100 AUD 25,436.91 NGN
250 AUD 63,592.28 NGN
500 AUD 127,184.55 NGN
1,000 AUD 254,369.10 NGN
2,000 AUD 508,738.20 NGN
5,000 AUD 1,271,845.50 NGN
10,000 AUD 2,543,691.00 NGN
50,000 AUD 12,718,455.00 NGN
100,000 AUD 25,436,910.00 NGN
See more

Australian Dollar

Nigerian Naira

0.0039 AUD 1 NGN
0.0197 AUD 5 NGN
0.0393 AUD 10 NGN
0.0786 AUD 20 NGN
0.1966 AUD 50 NGN
0.3931 AUD 100 NGN
0.9828 AUD 250 NGN
1.9655 AUD 500 NGN
3.9310 AUD 1,000 NGN
7.8620 AUD 2,000 NGN
19.66 AUD 5,000 NGN
39.31 AUD 10,000 NGN
196.55 AUD 50,000 NGN
393.10 AUD 100,000 NGN
See more

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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 Mar 2019256.3779Latest
12 Mar 2019253.55161 Week+1.11%
17 Feb 2019258.11321 Month-0.67%
20 Sep 2018264.42266 Months-3.04%
19 Mar 2018277.27891 Year-7.54%
19 Mar 2017235.79492 Years+8.73%
20 Mar 2014148.89315 Years+72.19%
21 Mar 2009101.631510 Years+152.26%

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

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Nigerian Naira (NGN) - Market news and forecasts

No recent Nigerian Naira market updates.

Currency News and Forecasts - Australian Dollar

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