What is the current NGN to MYR exchange rate?

The current mid-market exchange rate is 1 NGN = 0.0031 MYR. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best NGN to MYR rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert NGN to MYR?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the NGN/MYR rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert NGN to MYR — live rate

Convert Nigerian Nairas to Malaysian Ringgits and compare the real cost of sending money.

You send

NGN

They receive

MYR

1 NGN = 0.0031 MYR • Mid-market rate

Updated just now

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Historical NGN/MYR exchange rate

Rates shown are indicative mid-market rates, updated regularly.

Quick reference: NGN to MYR

1 NGN → 0.00 MYR

5 NGN → 0.02 MYR

10 NGN → 0.03 MYR

50 NGN → 0.15 MYR

100 NGN → 0.31 MYR

500 NGN → 1.54 MYR

1,000 NGN → 3.08 MYR

5,000 NGN → 15.40 MYR

Currency snapshots

NGN — Nigerian Naira

ISO Code NGN

Symbol ₦

Central Bank Central Bank of Nigeria

Common Notes ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000

Learn more about NGN

MYR — Malaysian Ringgit

ISO Code MYR

Symbol RM

Central Bank Bank Negara Malaysia

Common Notes RM1, RM5, RM10, RM50, RM100

Learn more about MYR

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.

Convert NGN to MYR — live rate

Historical NGN/MYR exchange rate

Quick reference: NGN to MYR

Real cost of NGN → MYR

Estimated savings

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Currency snapshots