Week in Review — 5 August 2026
EUR/NGN lost 1.2% this week — a developing trend. On a EUR 500 transfer, recipients currently receive approximately NGN 9,117 less than the prior period. GBP/NGN followed with a 1.1% decline. 3 corridors recorded moves above 1%.
| Corridor | 7-Day Change | Weekly High | Weekly Low | Weekly Range |
|---|---|---|---|---|
| USD/NGN | +0.06% | 1,365.81 | 1,361.07 | 0.35% |
| GBP/NGN | -1.06% | 1,839.70 | 1,814.59 | 1.38% |
| EUR/NGN | -1.17% | 1,573.81 | 1,553.85 | 1.28% |
| USD/KES | +0.08% | 129.51 | 129.20 | 0.24% |
| GBP/KES | -1.04% | 174.46 | 172.20 | 1.32% |
| USD/GHS | -0.47% | 11.71 | 11.65 | 0.51% |
| EUR/XOF | -0.00% | 655.86 | 655.77 | 0.01% |
| USD/EGP | +0.54% | 51.15 | 50.19 | 1.91% |
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 1.2% move is a 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 | ~6232 rate records | reporting period: 7 days | data: 7-day historical rates