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 |
---|
22 Sep 2025 | 2019.45 | 2.2% ▼ | 2 Week |
08 Jul 2025 | 2084.00 | 5.3% ▼ | 3 Month |
06 Oct 2024 | 2140.52 | 7.8% ▼ | 1 Year |
07 Oct 2020 | 496.85 | 297.4% ▲ | 5 Year |
09 Oct 2015 | 305.09 | 547.2% ▲ | 10 Year |
11 Oct 2005 | 228.14 | 765.4% ▲ | 20 Year |
GBP/NGN historic rates & change to 06-Oct-2025
GBP to NGN currently sits at 1,967, down 3.8% from a three-month avg of 2,045. Analysts note pressures from UK's budget concerns and stagnant wage growth, while NGN's slight strength is thanks to CBN interventions and IMF-backed reforms. Keep an eye on oil prices impacting NGN further
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 1975.37 from Wise.
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
Royal Bank of Scotland - Sterling to Naira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
Royal Bank of Scotland and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers.
How do Royal Bank of Scotland 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 1975.37.
The next best is Currencies Direct at 1968.42.
Then Western Union at 1954.53, .
Among the banks the Lloyds Bank rate is -74.4154 the Royal Bank of Scotland rate is -62.5096 and the Barclays Bank rate is 1914.85 compared to the mid-rate 1,984.3.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like Royal Bank of Scotland 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.