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Understanding the Table:
The comparison table above helps you see the total cost of your 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’.
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.
Nigerian naira (NGN) to Canadian dollar (CAD) market data - latest interbank exchange rate, trend, chart & historic rates.
USD/CAD Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and shows mixed signals.
EUR/CAD Outlook: Slightly positive, but likely to move sideways as the rate is near its 90-day average and lacks a clear driving force.
CAD/GBP Outlook: Slightly weaker, but likely to move sideways, as the rate is below its recent average and lacks a clear driver.
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 * :
*Converted at the current NGN-CAD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
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.
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:
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