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GBP/NGN Near a 90-day Low: Implications for Senders

GBP/NGN is currently at a 90-day low of 1,790.63, with 6 corridors nearing multi-week extremes.

📅 ⏱ 2 min read

GBP/NGN is trading at 1,790.63, its lowest level in 90 days. Recipients are currently receiving less per unit sent than at any point in the past 90 days. On a GBP 500 transfer, recipients currently receive approximately NGN 11,951 less than the prior period.

CorridorCurrent RateMilestone
GBP/NGN1,790.63📉 90-day Low, ⬇ 30-day Low
EUR/NGN1,532.82📉 90-day Low, ⬇ 30-day Low
USD/KES129.59Flat / Pegged
GBP/KES174.67⬇ 30-day Low
USD/GHS11.45⬆ 30-day High
EUR/XOF655.85Flat / Pegged
USD/ZAR16.25⬆ 30-day High
USD/EGP51.98🏆 90-day High, ⬆ 30-day High

If the corridor stabilizes or recovers, waiting could improve outcomes, but this carries its own risk. Locking in a known rate with the best available provider is the lower-risk approach.
📊 Generation summary — 9 corridors monitored | 6 near-record corridors | data: 30-day and 90-day historical rates

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