Understanding the Table:
The comparison table above helps you see the total cost of your Barclays Bank currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
British pound (GBP) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
GBP/NGN Outlook: The GBP/NGN rate is currently slightly weaker and likely to move sideways, trading considerably below its 90-day average.
GBP/USD Outlook: The GBP/USD outlook is slightly weaker, but likely to move sideways as the rate is below its recent average and near its mid-range.
USD/NGN Outlook: The USD/NGN exchange rate is likely to decrease as it currently trades below the 90-day average and near recent lows.
To help you understand the real-world value of the current exchange rate, the table below shows how much British pound are worth in Nigerian naira across a range of amounts.
This gives a quick view of what you’d get when converting different GBP amounts at today’s rate * :
*Converted at the current GBP-NGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best GBP to NGN exchange rate is 1798.9 from Wise. This is -0.6% compared to the mid-market rate 1,809.8.
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 Barclays Bank - Sterling to Naira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Barclays Bank and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various 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 1798.9, -0.6% from the latest mid-market rate 1,809.8.
The next best is Western Union at 1773.57, -2% from the mid-rate.
Among the banks the Lloyds Bank rate is -67.783 at -103.7% the Royal Bank of Scotland rate is -56.9244 at -103.1% and the Barclays Bank rate is -62.3537 at -103.4% compared to the mid-rate 1,809.8.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Barclays Bank 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.
View a full list of exchange rates by selecting your Base (from) currency:
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