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European Union Euroo to Nigerian naira Exchange Rate History - XTransfer

European Union Euroo to Nigerian naira Historical Exchange Rates

Welcome to the EUR to NGN exchange rate history page. This page contains detailed daily historical exchange rates between EUR and NGN from 2025-3-8 to 2026-05-08, making it easy to look up and reference.

Amount
Result

1 EUR = 1593.28 NGN

10:29 Exchange Rate

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1 European Union Euroo to Nigerian naira Historical Exchange Rate Trends

1 EUR = -- NGN

10:29 Exchange Rate

EUR - NGN+0%
7D
1M
3M
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1 European Union Euroo to Nigerian naira Data Statistics

This section organizes the historical exchange rate data of 1 EUR 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.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
1593.28
1611.4
1617.57
1698.65
Low
1593.28
1590.11
1590.11
1563.42
Average
1593.28
1602.86
1606.72
1610.11

Past 7 days historical exchange rates

Below are the daily average exchange rates of EUR to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to EUR, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

EUR to NGN - Last 7 Days

EUREURNGNNGN
2026-05-08
1593.28
EUREURNGNNGN
2026-05-07
1607.35
EUREURNGNNGN
2026-05-06
1591.63
EUREURNGNNGN
2026-05-05
1590.11
EUREURNGNNGN
2026-05-04
1609.41
EUREURNGNNGN
2026-05-03
1609.41
EUREURNGNNGN
2026-05-02
1609.41

NGN to EUR - Last 7 Days

NGNNGNEUREUR
2026-05-08
0
NGNNGNEUREUR
2026-05-07
0
NGNNGNEUREUR
2026-05-06
0
NGNNGNEUREUR
2026-05-05
0
NGNNGNEUREUR
2026-05-04
0
NGNNGNEUREUR
2026-05-03
0
NGNNGNEUREUR
2026-05-02
0

EUREUR - Euro

The euro was officially issued in 1999. As the unified currency of multiple EU countries, it has greatly promoted regional economic integration. The euro is not only the world's second largest reserve currency, but also has a significant influence on international trade and financial markets, promoting the prosperity of the EU internal market.

  • Supporting unit:1 Euro = 100 cents
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500 euros
  • Reserve currency:Yes, the euro is the world's second-largest reserve currency.
  • Banknote material:Cotton fiber paper features a complex anti-counterfeiting design.
  • Metal composition:The euro is categorized into copper-clad steel and nickel-brass, as well as bimetal varieties.
  • Currency symbol:€
  • Paper currency size:Ranging from 120mm × 62mm (€5) to 160mm × 82mm (€500).
  • language:en
  • Main unit:1 Euro
  • ISO code:EUR
  • Currency name:Euro
  • Exchange Rate System:Floating exchange rate system
  • Central Bank:European Central Bank (ECB)
  • Safe-haven currency:Yes, it has a certain hedging attribute.
  • Coin denomination:1, 2, 5, 10, 20, 50 euro cents; 1, 2 euros
  • Countries of Use:The Eurozone comprises 20 member countries, including Germany, France, Italy, Spain, the Netherlands, Belgium, and others, as well as certain non-EU countries or regions such as Vatican City, Monaco, and Kosovo.
  • Cross-border payment:The Eurozone is highly integrated, with SEPA and SWIFT used concurrently, enabling fast and low-cost cross-border transfers that are widely used in international trade and financial transactions.

NGNNGN - Nigerian Naira

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.

  • Supporting unit:1 Naira = 100 Kobo
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
  • 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.
  • Currency symbol:₦
  • Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
  • language:en
  • Main unit:Naira
  • ISO code:NGN
  • Currency name:Nigerian Naira
  • 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.
  • Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
  • Countries of Use:Nigeria is the only country where it is used officially.
  • 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.

Major Currency Pairs of EUR

EUREUR
QARQAR
EUREUR
CNYCNY
EUREUR
JODJOD
EUREUR
MXNMXN
EUREUR
TJSTJS
EUREUR
EGPEGP
EUREUR
SARSAR
EUREUR
DKKDKK
EUREUR
BOBBOB
EUREUR
KESKES
EUREUR
PGKPGK
EUREUR
LKRLKR
EUREUR
IDRIDR
EUREUR
CDFCDF
EUREUR
AMDAMD

FAQ

Based on the historical patterns of European Union Euroo to Nigerian naira, is now a good time to exchange?

To judge the timing for exchanging European Union Euroo to Nigerian naira, one must compare current rates with the average over the past year or even five years. If the current European Union Euroo rate is well above the historical average, it usually means EUR is in a strong period, making it a good window for settlement into NGN. Conversely, if European Union Euroo is at a historical low, it is recommended for exporters to hold EUR in batches and avoid the troughs to minimize losses when converting to NGN.

What are the main reasons affecting the historical volatility of EUR to NGN recently?

The core factor affecting the historical volatility of European Union Euroo to Nigerian naira recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of EUR tends to increase, leading to a significant rise in its historical exchange rate against NGN. Additionally, fluctuations in global trade data and inflation levels trigger safe-haven demand for EUR, thereby intensifying the frequency of two-way volatility between European Union Euroo and Nigerian naira.

Has EUR experienced a sharp plunge against NGN before? How can I protect myself?

Historically, European Union Euroo against Nigerian naira has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against European Union Euroo exchange rate risk is to analyze its historical volatility cycles and avoid betting on a one-sided market at a single high point. It is recommended to use batch settlement or forward locking tools to keep the volatility risk of EUR to NGN within an acceptable trade cost range.

Is the current exchange rate of European Union Euroo to Nigerian naira considered a historical high or low?

To evaluate the current level of EUR to NGN, one must examine the currency pair's long-term trend chart. By comparing the peaks and troughs of the past five years, you can clearly see if European Union Euroo is approaching a historical resistance level. If the current EUR price has broken through highs from years ago, it indicates that EUR is at an extreme high; exchanging European Union Euroo to Nigerian naira now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for European Union Euroo to Nigerian naira?

AI predictions for EUR to NGN are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of EUR through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for European Union Euroo to Nigerian naira should serve as supplementary advice for settlement timing, rather than an absolute execution guarantee.

How to stabilize exchange rates through convenient payment methods?

To stabilize profit fluctuations caused by exchange rates, the key is to shorten the decision-making link for settlement. By opening a global collection account online through XTransfer, foreign trade enterprises can move away from traditional banks' cumbersome offline declaration processes and lock in ideal rates for real-time settlement on their phones anytime, anywhere. This digital and convenient payment method from XTransfer frees you from bank hours and complex document reviews, allowing you to more autonomously capture market highs and ensure every payment is secured, effectively hedging against exchange loss risks.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.