EUR to NGN exchange rate
Convert Euros to Nigerian Nairas at the mid-market rate, currently 1,561.4388 NGN per EUR (as of Jul 10, 8:00 AM UTC). The mid-market rate is the wholesale reference rate; what a transfer actually delivers depends on the provider's rate and fees.
What you actually get vs the mid-market rate
Rates are moving. Provider rates for EUR to NGN are currently at or above the last published mid-market rate (1,561.4388, as of Jul 10, 8:00 AM UTC). That usually resolves when the reference rate next updates; compare live provider rates for the current picture.
See which provider gets you closest →Euro to Nigerian Naira rate history (30 days)
EUR to NGN exchange rate FAQs
What is the EUR to NGN exchange rate today?
The EUR to NGN mid-market exchange rate shown on this page is the wholesale rate banks trade at, updated through the day while FX markets are open. It is the fairest reference point for the Nigerian Naira, but the rate you get from a bank or transfer provider will usually include a margin on top.
Why is the rate I get worse than the EUR to NGN mid-market rate?
Banks and money transfer providers add a margin to the mid-market rate and often a transfer fee on top. The gap between the mid-market rate and the rate you are offered is a hidden cost of the transfer. Comparing providers on the amount actually delivered, rather than the advertised rate, is the reliable way to spot it.
How do I get the best rate when converting Euros to Nigerian Nairas?
Compare what each provider actually delivers rather than the advertised rate. RemitBeat ranks providers on the EUR to NGN corridor by the amount your recipient receives after fees and exchange-rate markup, refreshed every 30 minutes.
How is money usually received in Nigeria?
Bank deposit is the primary payout method in Nigeria, with mobile money growing.
How often does the EUR to NGN rate change?
The mid-market rate moves continuously while global FX markets are open, from Sunday evening to Friday evening UTC. Over weekends the market is closed and the reference rate holds at Friday's close, while transfer providers may still adjust their own rates and margins.
Ready to send? Compare EUR to NGN providers by what your recipient actually receives, refreshed every 30 minutes.