Canadian Dollar to Nigerian Naira — CAD to NGN
CAD to NGN Converter
CAD/NGN Rate — Last 30 Days
CAD edged up 0.42% this week — modest gains, no strong directional signal.
The 7-day average rate is below the 30-day average — recent momentum favors NGN strengthening vs CAD. The trend may continue until a catalyst (rate decision, economic data) reverses it.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 994.5991 | 967.0235 | 982.3670 |
| 30 days | 1020.2462 | 967.0235 | 1000.2757 |
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Set a target rate — we email you when CAD/NGN hits it. Checked every 15 minutes.
Historical CAD/NGN Rates by Year
What drives the CAD/NGN rate?
Whether you're converting CAD for travel, business, or investment, here's what drives the CAD to NGN exchange rate. The CAD/NGN exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best CAD to NGN rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 CAD exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.