NGN 1 = PHP 0.03838
Convert1 NGN = 0.03838 PHP | 1 PHP = 26.05524 NGN
Last Updated Feb 14, 5:30 ISTOur converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.
NGN to PHP Exchange Rate Chart
1 NGN = 0.03838 PHP
The exchange value of 1 NGN in Philippine Peso is 0.038 PHP as on Feb 14.
You can check the exchange rate of 1 Nigerian Naira to Philippine Peso by using the Paytm currency exchange rate calculator.
All you need to do to see the exchange 1 NGN to PHP online is as follows:.
There are several online ways to convert NGN to PHP.
Most banks in India allow NGN to PHP conversion through their internet banking or mobile apps.
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Apps like Wise, PayPal, and Western Union allow NGN to PHP conversion quickly.
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A Forex card is a prepaid card that holds multiple currencies, including NGN.
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Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.
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There are several offline methods to exchange NGN to PHP. Let‘s explore them.
1. Banks
Banks offer currency exchange services at competitive rates. You need to visit a branch with your NGN cash and exchange it for PHP.
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Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline NGN to PHP conversion.
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Airports have forex counters where travelers can exchange NGN to PHP.
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Some hotels and travel agencies offer currency exchange services for guests.
Steps to Exchange NGN to PHP at a Hotel or Travel Agency:
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In busy markets and tourist spots, you may find local money changers who exchange NGN for PHP
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Most offline exchanges require identity proof. Here are the common documents needed:
Document Type | Required For |
---|---|
Passport | All exchanges (mandatory for foreigners) |
Always carry a valid ID when exchanging currency.
Method | Exchange Rate | Transfer Fee | Availability | Speed |
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Bank Transfer | Low | Low | Limited hours | 1-3 days |
Any Third Party App | High | Low | 24/7 | Instant/Few minutes |
Forex Card | Medium | Low | 24/7 | Instant |
Crypto Exchange | High | Low | 24/7 | Few minutes |
Exchange Centers | Good | Medium | Widely available | Few minutes |
Airport Counters | High | High | 24/7 at airports | Few minutes |
Hotels/Agencies | Very High | Medium | Only for guests | Few minutes |
Local Money Changers | Varies | Low | Risky but quick | Few minutes |
Converting Nigerian Naira (NGN) to Philippine Peso (PHP) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:
NGN is a strong and widely traded currency. If the exchange rate is favorable, converting NGN to PHP can give you more value for your money.
Since 1 NGN equals a significantly higher amount in PHP, converting NGN to PHP increases your purchasing power, allowing you to afford more goods and services in Philippines.
If you‘re an NRI, tourist, or returning from the Nigeria, converting NGN to PHP ensures you have local currency for daily expenses, shopping, and travel within Philippines.
Converting NGN to PHP can help you invest in Philippines assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Nigeria markets.
Using a direct NGN to PHP conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.
For businesses involved in international trade, converting NGN to PHP at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.
By choosing the right conversion method and timing, you can maximize the benefits of NGN to PHP exchange.
Source of the rates:apilayer.com