Barclays Bank GBP to NGN Transfers Compared

   

GBP to NGN is currently at 2059, 1.5% below the 3-month average. Analysts note profit-taking in the GBP amid a stable period, while the NGN is influenced by inflation over 23% and new reforms. Future movements hinge on economic recovery in the UK and Nigeria's policy efforts

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What is the Barclays Bank Send Money conversion rate for GBP to NGN?

The Barclays Bank GBP to NGN exchange rate is 1987.76. This is - compared to the latest GBP-NGN mid-market rate 2,059.9.

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. 

How do Barclays Bank GBP-NGN rates compare between 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 2050.59.

The next best is Currencies Direct at 2043.38.

Then Western Union at 2028.96, .

Among the banks the Lloyds Bank rate is -76.2985 the Royal Bank of Scotland rate is -63.9394 and the Barclays Bank rate is 1987.76 compared to the mid-rate 2,059.9.

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.