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NGN to EUR - Nigerian Naira to Euro Converter

Convert Nigerian Naira to Euro with daily ECB exchange rates

1 NGN = ~0.000617 EUR (rates vary)

Rates verified daily from ECB official reference rates•Source: European Central Bank (16:00 CET daily)•For informational purposes only. Not financial advice.

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

NGN to EUR is highly volatile. Mental math can mislead—check live rates for accuracy.

Rates can swing 5–10% in a week. Use live converters for large transfers.

⚠️ Always verify before exchanges📊 Track rate trends🔔 Set rate alerts

Common NGN - EUR Conversions

Forex Market Hours

Sydney
22:00 - 07:00 UTC
Closed
Tokyo
00:00 - 09:00 UTC
Closed
London
08:00 - 17:00 UTC
Closed
New York
13:00 - 22:00 UTC
Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls
First Friday of month
High Impact
USD pairs
ECB Rate Decision
Every 6 weeks
Medium Impact
EUR pairs

These are typical recurring economic events. Actual dates, times, and market impacts may vary. This information is for general awareness only and should not be used as the sole basis for financial decisions. Always verify current schedules from official central bank sources.

Tips & Recommendations

  • 1Airport exchange bureaus often have higher markups (10-15%) compared to other options
  • 2ATMs with local bank cards typically offer rates closer to mid-market rates
  • 3Paying in local currency helps avoid dynamic currency conversion (DCC) fees
  • 4Notifying your bank before travel can help prevent unexpected card blocks

Frequently Asked Questions

Key drivers include central-bank policy, inflation differentials, energy and commodity prices, trade balances, and global risk appetite. Supply and demand for NGN and EUR in international markets move the rate.

Economic Context

Trading Relationship

Nigeria and Europe trade across energy, manufactured goods, and services. NGN↔EUR movements influence pricing for imports, overseas tuition, and cross-border investments. Stability in the NGN supports predictable budgeting for European buyers and Nigerian suppliers.

Key Rate Factors

  • •Central bank policy and FX regime
  • •Inflation differentials between Nigeria and the Eurozone
  • •Oil revenue and export volumes
  • •Political stability and governance indicators
  • •Global risk sentiment and safe-haven flows

Central Banks

Central Bank of Nigeria
Abuja, Nigeria
Sets monetary policy, regulates banks, and manages exchange-rate policy to maintain price stability.
European Central Bank
Frankfurt, Germany
Delivers monetary policy for the Eurozone, controls interest rates, and supports price stability.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates