Euro to Nigerian Naira — EUR to NGN
EUR to NGN Converter
EUR/NGN Rate — Last 30 Days
EUR edged up 0.19% 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 EUR. The trend may continue until a catalyst (rate decision, economic data) reverses it.
The rate is in the bottom 20% of its 30-day range — bearish short-term positioning. Watch if it holds support or breaks to a new low.
RSI below 50 means sellers are in control over the recent period. At 45, momentum is moderately bearish — not extreme, suggesting the downtrend may have room to continue.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 1558.2376 | 1543.9546 | 1549.6204 |
| 30 days | 1612.2716 | 1543.9546 | 1577.4011 |
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Historical EUR/NGN Rates by Year
What drives the EUR/NGN rate?
Whether you're converting EUR for travel, business, or investment, here's what drives the EUR to NGN exchange rate. The EUR/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 EUR 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 EUR 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.