Convert Nigerian Naira to British Pound
NGN to GBP Exchange Rate Calculator
Convert Nigerian Naira (NGN) to British Pound (GBP) at the live mid-market exchange rate, refreshed every hour from Frankfurter (European Central Bank reference data). Enter any amount below for an instant conversion — free, no sign-up required.
NGN/GBP Price History
Interactive NGN/GBP exchange rate chart with 7-day, 30-day, and 90-day views.
About Nigerian Naira (NGN)
The Nigerian Naira (NGN) is the official currency used for trade and commerce. Its value against other currencies fluctuates based on market conditions.
About British Pound (GBP)
The British Pound Sterling (GBP) is the official currency of the United Kingdom and one of the oldest currencies in continuous use, dating back over 1,200 years. It is issued by the Bank of England and is the fourth-most-traded currency globally.
- •In continuous use since Anglo-Saxon England — older than any major fiat rival
- •Fourth-most-traded currency, ~13% of daily global forex turnover
- •Bank of England sets Bank Rate via its Monetary Policy Committee (MPC)
- •GBP/USD carries the traders' nickname "Cable" from the 19th-century transatlantic telegraph cable
- •The UK left the EU on 31 January 2020; Brexit still shapes GBP volatility around trade headlines
Frequently Asked Questions
Why is NGN more volatile than most G10 currencies?
NGN is an emerging-market currency, which means it is more sensitive to global risk appetite, commodity cycles, and US Dollar strength. Daily ranges of 1–3% are common during risk-off episodes, compared to 0.5–1% for major G10 pairs.
What is a typical daily range for NGN/GBP?
Daily ranges vary with volatility regimes. Majors like EUR/USD typically move 0.5–1.2% on quiet days and 2–3% on data-release days. Check the 30-day chart above for a sense of the current range.
What economic events move NGN/GBP the most?
The biggest scheduled catalysts are central bank rate decisions and inflation prints and Bank of England MPC meetings, UK CPI, and UK jobs reports. Geopolitical headlines and global risk sentiment also produce meaningful moves, especially when one currency is a safe-haven and the other is risk-sensitive.
Is it cheaper to convert NGN to GBP at a bank or online?
Online money-transfer services (Wise, Revolut, Remitly, InstaRem) typically offer rates much closer to the mid-market NGN/GBP than traditional banks. Always compare the total delivered amount, not just the advertised "fee" — many providers embed their margin in the exchange rate itself.
Does the NGN/GBP rate change on weekends?
The interbank forex market closes from Friday 21:00 UTC until Sunday 21:00 UTC, so mid-market NGN/GBP rates don't update during that window. Retail broker spreads often widen at Sunday open as Asian desks reopen, so the first few hours of the new week can carry wider execution costs.
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Exchange rates refresh hourly · Sourced from institutional-grade data providers