GBP to NGN is under pressure, trading at 1917 NGN, 4.9% below the 3-month avg of 2016 NGN. Analysts attribute the drop to UK budget concerns and potential rate cuts. Meanwhile, NGN faces depreciation risks due to global volatility and falling oil prices

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

The best GBP to NGN exchange rate is 1891.26 from Wise. This is -0.6% compared to the mid-market rate 1,902.7.

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 1891.26, -0.6% from the latest mid-market rate 1,902.7.

The next best is Western Union at 1874.13, -1.5% from the mid-rate.

Among the banks the Lloyds Bank rate is -71.3135 at -103.7% the Royal Bank of Scotland rate is -59.8975 at -103.1% and the Barclays Bank rate is -65.6055 at -103.4% compared to the mid-rate 1,902.7.

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.