Is the GBP to NGN Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the British pound against the Nigerian naira is to review how the GBP/NGN rate has changed over time.
The table below shows the percentage change in the GBP to NGN exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
| Date | GBP/NGN | Change | Period |
|---|
28 Nov 2025 | 1916.33 | 1.3% ▲ | 2 Week |
13 Sep 2025 | 2035.34 | 4.6% ▼ | 3 Month |
12 Dec 2024 | 1963.49 | 1.1% ▼ | 1 Year |
13 Dec 2020 | 512.02 | 279.1% ▲ | 5 Year |
15 Dec 2015 | 299.57 | 548% ▲ | 10 Year |
17 Dec 2005 | 229.24 | 746.7% ▲ | 20 Year |
GBP/NGN historic rates & change to 12-Dec-2025
GBP/NGN at 30-day highs around 1946, facing pressure from BoE's dovish stance amid UK economic sluggishness. Analysts warn of potential rate cuts by 2026, prompting caution among investors. Businesses should consider hedging strategies as volatility looms
GBP to NGN Conversion: What Is Your Money Worth?
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.
What is the
best Send Money conversion rate for GBP to NGN?
The best GBP to NGN exchange rate is 1928.3 from Wise. This is -0.6% compared to the mid-market rate 1,939.9.
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
Sterling to Naira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
banks and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers.
How do 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 1928.3, -0.6% from the latest mid-market rate 1,939.9.
The next best is Western Union at 1910.84, -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is -72.7296 at -103.7% the Royal Bank of Scotland rate is -61.09 at -103.1% and the Barclays Bank rate is -66.9098 at -103.4% compared to the mid-rate 1,939.9.
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
or platforms that offer rates closer to the mid-market rate.
Compare GBP to NGN Transfer Rates