Week in Review — 2 August 2026
EUR/NGN lost 1.3% this week — a developing trend. On a EUR 500 transfer, recipients currently receive approximately NGN 10,233 less than the prior period. GBP/NGN followed with a 1.2% decline. 3 corridors recorded moves above 1%.
| Corridor | 7-Day Change | Weekly High | Weekly Low | Weekly Range |
|---|---|---|---|---|
| USD/NGN | -0.05% | 1,366.35 | 1,361.07 | 0.39% |
| GBP/NGN | -1.17% | 1,839.70 | 1,814.59 | 1.38% |
| EUR/NGN | -1.32% | 1,573.48 | 1,552.74 | 1.34% |
| USD/KES | +0.12% | 129.52 | 129.20 | 0.24% |
| GBP/KES | -1.02% | 174.24 | 172.20 | 1.19% |
| USD/GHS | -0.41% | 11.69 | 11.63 | 0.47% |
| EUR/XOF | +0.02% | 655.95 | 655.77 | 0.03% |
| USD/EGP | +0.40% | 51.34 | 50.52 | 1.62% |
Broad declines across corridors typically reflect USD strength or tightening conditions in recipient-currency markets. Weekly moves above 1% are worth tracking — if the direction repeats in the next 7-day window, it may develop into a trend.
Does timing matter on EUR/NGN? More than in a quiet week. The 1.3% move is a developing trend — not large enough to call a sustained trend, but meaningful enough to make now a reasonable time to compare providers.
📊 Generation summary — 8 corridors | ~6597 rate records | reporting period: 7 days | data: 7-day historical rates