Is the NGN to EUR 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 Nigerian naira against the Euro is to review how the NGN/EUR rate has changed over time.
The table below shows the percentage change in the NGN to EUR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date | NGN/EUR | Period |
---|
09 Aug 2025 | 0.000561 | 2 Week |
25 May 2025 | 0.000554 | 3 Month |
23 Aug 2024 | 0.000567 | 1 Year |
24 Aug 2020 | 0.002198 | 5 Year |
26 Aug 2015 | 0.004440 | 10 Year |
28 Aug 2005 | 0.006170 | 20 Year |
NGN/EUR historic rates
EUR/NGN is currently trading at around 1794 NGN, reflecting ongoing volatility driven by both Eurozone economic data and Nigerian market pressures. Analysts note that the upcoming ECB policy minutes may provide direction amidst concerns about euro strength and its export impact. With the naira projected to depreciate by 6% amid lower oil prices, forex dynamics remain critical
NGN to EUR 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 Euro 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-EUR 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 EUR?
The best NGN to EUR exchange rate is 0.0005 from WorldRemit. This is -10.4% compared to the mid-market rate 0.000558.
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 Euro (EUR) rates from different sources before making a conversion.
The above
Naira to Euro 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-EUR mid-rate and the possible savings of using various providers.
How do NGN-EUR rates compare between providers?
Looking at the full
NGN to EUR - Send Money comparison table the provider with the best NGN to EUR exchange rate is WorldRemit at 0.0005, -10.4% from the latest mid-market rate 0.000558.
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.