Weekly rate recap #29: Jul 10 – Jul 16, 2026
Weekly mid-market recap for USD → KES, GBP → NGN, EUR → GHS, USD → NGN, USD → UGX. EUR → GHS was the mover of the week, climbing +0.9% against last week's average, and Thursday was the best day to send. Sending $500 on the USD → NGN corridor, the gap between the best and lowest provider was 8,000 NGN (about $6) this week.
The week in one paragraph: EUR → GHS was the mover of the week, climbing +0.9% against last week's average, and Thursday was the best day to send. Sending $500 on the USD → NGN corridor, the gap between the best and lowest provider was 8,000 NGN (about $6) this week. All figures below are weekly averages of the mid-market rate, sampled every 30 minutes; what you receive varies by provider, payout method and promotions.
This week's corridors at a glance
| Corridor | Weekly avg (mid-market) | vs last week | Best value |
|---|---|---|---|
| USD → KES | 129.2 | — 0.0% | WorldRemit |
| GBP → NGN | 1,831 | ▲ 0.7% | Remitly |
| EUR → GHS | 13.12 | ▲ 0.9% | NALA |
| USD → NGN | 1,379 | ▲ 0.7% | NALA |
| USD → UGX | 3,666 | ▲ 0.6% | NALA |
Live comparisons for each corridor: USD → KES, GBP → NGN, EUR → GHS, USD → NGN, USD → UGX.
$500 spotlight: USD → NGN (Nigeria)
Best value this week was NALA: $500 arrived as 690,500 NGN (effective rate 1,381, fees included, no fee). The lowest of the ranked providers, Xoom, delivered 682,500 NGN (effective rate 1,365, no fee). The difference: 8,000 NGN, about $6 lost to the wrong pick. The week's best mid-market day was Wednesday, Jul 15; the intra-week swing was 0.5% (low 1,376, high 1,383).
First-transfer bonuses
New customersPromotional first-transfer rates, for new customers only.
Bank payouts
Most used in NigeriaDirect deposit to a bank account in Nigeria.
Mobile money payouts
Pay out to mobile wallets in Nigeria, usually within minutes.
Provider leaderboard: USD → NGN
| Provider | Rate | Fee | You get ($500) | vs best |
|---|---|---|---|---|
| NALA (best rate & value) | 1,382 | $0 | 691,038 | — |
| WorldRemit | 1,381 | $0 | 690,502 | −536 |
| BossMoney | 1,370 | $0 | 684,762 | −6,276 |
| W. Union | 1,369 | $0 | 684,372 | −6,666 |
| Instarem | 1,368 | $0 | 683,981 | −7,056 |
| Wise | 1,379 | $4.38 | 683,495 | −7,543 |
| Remitly | 1,366 | $0 | 683,180 | −7,858 |
| Xoom | 1,364 | $0 | 682,136 | −8,902 |
How we measure
Rates are sampled every 30 minutes from live provider quotes and benchmarked against the mid-market rate. Providers are ranked by the amount that actually arrives after fees, not the headline rate. Full details on our methodology page. This recap is informational only, not financial advice; compare live before you send.
RemitBeat Research
Our research team analyzes remittance market data, provider behavior, and rate movements across the African corridors. We publish weekly insights to help the diaspora send more money home. Got a topic you'd like us to dig into? Send us a note.
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Frequently asked questions
What was the best way to send $500 to Nigeria this week?+
Which corridor moved the most this week?+
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