Convert GIP to NGN — live rate

Convert Gibraltar Pounds to Nigerian Nairas and compare the real cost of sending money.

GIP
NGN
1 GIP = 1861.9500 NGN Mid-market rate
Updated just now
Compare transfers for GIP → NGN
No signup required FCA-regulated providers only

Historical GIP/NGN exchange rate

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

Quick reference: GIP to NGN

1 GIP 1,861.95 NGN
5 GIP 9,309.75 NGN
10 GIP 18,619.50 NGN
50 GIP 93,097.50 NGN
100 GIP 186,195.00 NGN
500 GIP 930,975.00 NGN
1,000 GIP 1,861,950.00 NGN
5,000 GIP 9,309,750.00 NGN

Real cost of GIP → NGN

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 GIP
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

GIP — Gibraltar Pound
ISO Code GIP
Symbol £
Central Bank Government of Gibraltar
Common Notes £5, £10, £20, £50, £100
Learn more about GIP
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

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