What is the
WorldRemit Send Money conversion rate for GBP to NGN?
The WorldRemit GBP to NGN exchange rate is 1907.01. This is -1.5% compared to the latest GBP-NGN mid-market rate 1,936.1.
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
WorldRemit - Sterling to Naira comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
WorldRemit and other foreign exchange providers against the latest GBP-NGN mid-rate and the possible savings of using various providers.
How do WorldRemit 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 1924.44, -0.6% from the latest mid-market rate 1,936.1.
The next best is Western Union at 1907.01, -1.5% from the mid-rate.
Among the banks the Lloyds Bank rate is -72.582 at -103.7% the Royal Bank of Scotland rate is -60.9657 at -103.1% and the Barclays Bank rate is -66.7739 at -103.4% compared to the mid-rate 1,936.1.
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
like WorldRemit or platforms that offer rates closer to the mid-market rate.