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NGN to CAD Transfers Compared

NGN-CAD Rate Calculator

 
 
   
   
   
   
   
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to Canada can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Canada bank accounts or pay a Canadian dollar invoice.

 
   

NGN to CAD Market Data

Nigerian naira (NGN) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NGN   →   Buy CAD
1 NGN = 0.001012 CAD
1d+0.3%▲
Tracker
  1 CAD = 988.08 NGN

90-day market context

NGN to CAD at 0.001008 is 1.7% above its 3-month average of 0.000991, having traded in a relatively stable 7.0% range from 0.000955 to 0.001022
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Currency Forecasts related to NGN/CAD

USD to CAD Exchange Rate Forecast & Outlook

Currently, USD/CAD is trading close to 90-day highs at 1.3925, which is above its 3-month average of 1.373. The pair is supported by risk-off sentiment, driven by geopolitical tensions and safe-haven flows.

Read forecast

EUR to CAD Exchange Rate Forecast & Outlook

Currently, EUR/CAD is trading close to 14-day highs near 1.6046, supported by stable commodity prices and proximity to its 3-month average. The pair is consolidating within its recent range, with risk-off...

Read forecast

CAD to GBP Exchange Rate Forecast & Outlook

Currently, CAD/GBP is trading just above its 3-month average and consolidating within its recent range. The dominant driver is the rate differential, supported by the stable gap between Canadian and UK yields.

Read forecast

 

NGN to CAD 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 Nigerian naira are worth in Canadian dollar across a range of amounts.

This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :

NGN CAD
₦ 1 C$ 0.0010
₦ 5 C$ 0.0051
₦ 10 C$ 0.0101
₦ 20 C$ 0.0202
₦ 50 C$ 0.0506
₦ 100 C$ 0.1012
₦ 250 C$ 0.2530
₦ 500 C$ 0.5060
₦ 1,000 C$ 1.0120
₦ 2,000 C$ 2.0240
₦ 5,000 C$ 5.0600
₦ 10,000 C$ 10.12
₦ 20,000 C$ 20.24
₦ 50,000 C$ 50.60
₦ 100,000 C$ 101.20
NGN CAD
₦ 988.08 C$ 1
₦ 4,940 C$ 5
₦ 9,881 C$ 10
₦ 19,762 C$ 20
₦ 49,404 C$ 50
₦ 98,808 C$ 100
₦ 247,020 C$ 250
₦ 494,040 C$ 500
₦ 988,080 C$ 1,000
₦ 1,976,160 C$ 2,000
₦ 4,940,400 C$ 5,000
₦ 9,880,800 C$ 10,000
₦ 19,761,600 C$ 20,000
₦ 49,404,000 C$ 50,000
₦ 98,808,000 C$ 100,000

More amounts

*Converted at the current NGN-CAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for NGN to CAD?

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Nigerian naira (NGN) to Canadian dollar (CAD) rates from different sources before making a conversion.

The above Naira to Loonie 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 NGN-CAD mid-rate and the possible savings of using various providers. 

How do NGN-CAD rates compare between providers?

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.

 

View a full list of exchange rates by selecting your Base (from) currency: