What is the
Currencies Direct Send Money conversion rate for GBP to NGN?
The Currencies Direct GBP to NGN exchange rate is 2090.18. This is - compared to the latest GBP-NGN mid-market rate 2,107.0.
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
Currencies Direct - Sterling to Naira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Currencies Direct and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers.
How do Currencies Direct 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 2097.56.
The next best is Currencies Direct at 2090.18.
Then Western Union at 2075.43, .
Among the banks the Lloyds Bank rate is -78.0914 the Royal Bank of Scotland rate is -65.4492 and the Barclays Bank rate is 2033.29 compared to the mid-rate 2,107.0.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks and foreign exchange providers 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
like Currencies Direct or platforms that offer rates closer to the mid-market rate.