Welcome to the GBP to NGN exchange rate history page. This page contains detailed daily historical exchange rates between GBP and NGN from 2025-3-8 to 2025-11-04, making it easy to look up and reference.
Current Exchange Rate
As of 2025-11-04, 1 GBP was equivalent to 1888.49 NGN at 21:30 Exchange Rate.
Historical Exchange Rate Trends
The exchange rate between the British Pound (GBP) and the Nigerian Naira (NGN) is influenced by a variety of economic factors and market dynamics. By examining the recent fluctuations in the exchange rate between GBP and NGN, you can determine whether the current exchange rate is high or low, helping you decide whether to immediately remit, lock up the exchange, or delay the transaction to obtain a better price.
Look at the charts of GBP to NGN over the past few months. If the trend is upward, it means GBP is appreciating and exchanging to NGN is more cost-effective; if downward, you may want to act quickly to exchange at a better rate.
Data Statistics
This section organizes the historical exchange rate data of 1 GBP to NGN, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.
Read also: Nigeria's Currency and the UK Pound
Here's a summary of the data:
| Period | Highest Rate | Lowest Rate | Average Rate |
|---|---|---|---|
| Past 1 Day | 1888.49 | 1888.49 | 1888.49 |
| Past 15 Days | 1990.47 | 1888.49 | 1951.86 |
| Past 30 Days | 2009.92 | 1888.49 | 1970.37 |
| Past 90 Days | 2093.06 | 1888.49 | 2020.92 |
Past 7 Days Historical Exchange Rates
Below are the daily average exchange rates of GBP to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to GBP, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.
GBP to NGN - Last 7 Days
- 2025-11-05: Data Missing
- 2025-11-04: Data Missing
- 2025-11-03: Data Missing
- 2025-11-02: Data Missing
- 2025-11-01: Data Missing
- 2025-10-31: Data Missing
- 2025-10-30: Data Missing
NGN to GBP - Last 7 Days
- 2025-11-05: Data Missing
- 2025-11-04: Data Missing
- 2025-11-03: Data Missing
- 2025-11-02: Data Missing
- 2025-11-01: Data Missing
- 2025-10-31: Data Missing
- 2025-10-30: Data Missing
Currency Exchange Rates - How To Convert Currency
About the British Pound (GBP)
The British pound is one of the oldest currencies in the world, dating back to the establishment of the Bank of England in 1694. As the core currency of London, the global financial center, the British pound still enjoys an important position in international trade and investment, with extremely high market liquidity and credibility.
Read also: GBP/MAD conversion
- Main unit: 1 Pound (GBP)
- Supporting unit: 1 pound = 100 pence (Penny)
- Currency symbol: £
- ISO code: GBP
- Exchange Rate System: Floating exchange rate system
- Central Bank: Bank of England
- Safe-haven currency: Yes, it has certain hedging attributes, especially in the European market.
- Denomination of banknotes: £5, £10, £20, £50 (Bank of England); Scotland and Northern Ireland also issue local banknotes.
- Coin denomination: 1, 2, 5, 10, 20, 50 pence; £1, £2
- Countries of Use: United Kingdom (England, Scotland, Wales, Northern Ireland), Gibraltar, Saint Helena, Isle of Man, etc.
- Reserve currency: Yes, it is one of the world's major reserve currencies.
- Banknote material: Polymer (new version), equipped with advanced anti-counterfeiting technology.
- Metal composition: Nickel-clad steel, copper-nickel alloy, bimetal, etc.
- Paper currency size: £20 is 139mm × 73mm; £50 is 146mm × 77mm.
- Cross-border payment: The British pound is widely used in global financial markets, supporting international payments through systems such as SWIFT and CHAPS, and is suitable for financial institutions and bulk trade settlements.
About the Nigerian Naira (NGN)
The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.
- Main unit: Naira
- Supporting unit: 1 Naira = 100 Kobo
- Currency symbol: ₦
- ISO code: NGNC
- Exchange Rate System: Regulated floating exchange rate system
- Central Bank: Central Bank of Nigeria
- Safe-haven currency: No, there are significant fluctuations in exchange rates and strong capital controls.
- Denomination of banknotes: 5, 10, 20, 50, 100, 200, 500, 1000 Naira
- Coin denomination: 50 Cobos, 1, 2 Naira (seldom used).
- Countries of Use: Nigeria is the only country where it is used officially.
- Reserve currency: No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
- Banknote material: Most are paper-based, while some small denominations are made of polymer.
- Metal composition: Nickel-plated steel core, copper alloy, aluminum alloy, etc.
- Paper currency size: For example, 1000 Naira is approximately 151mm × 78mm.
- Cross-border payment: Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.
Factors Affecting the GBP to NGN Exchange Rate
The actual amount received during remittance is directly affected by the GBP to NGN exchange rate. Differences in rates offered by banks or platforms may lead to significant differences in the final amount. It’s recommended to compare real-time rates and fees from several providers before making a decision.
When conducting cross-border transactions, pay attention to real-time rates, the bid-ask spread, settlement fees, etc. Especially for large payments, even small differences in the GBP to NGN exchange rate can result in substantial changes in actual amounts.
Different banks or payment platforms use various pricing mechanisms. Some use mid-market rates; others add wider spreads, fees, and settlement times. That causes you to see GBP to NGN on Platform A as 7.10, while Platform B shows 7.02. Such differences can be significant for large transactions.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, accuracy or timeliness cannot be guaranteed.
Read also: A Look at Egyptian Currency
