Send money overseas with Bancoli to take advantage of bank-beating exchange rates

Compare today's NGN to USD (Nigerian Naira to US Dollar) exchange rates

Nigeria
Ecuador
NGN

Interbank Exchange Rate: 1 NGN = 0.0008 USD
Updated about an hour ago

Found 1 Remittance Service Providers

verto
Read more about Verto
(*)★★ (*)★★ (*)★★ (*)★★ (*)★★
1000 NGN =
0.80 USD
Transfer Limit (NGN): No Limits
Indicative Rate1 NGN = 0.0008 USD

📢 B2B transfers only

If you are making international business money transfers or payments, RemitFinder can assist by matching you with the best options to suit your unique business needs. Get in touch now to see how we can help protect your business revenue by getting you higher exchange rates and lower transfer fees on international business FX.





All you need to know about Nigerian Naira to US Dollar money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Ecuador. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to US Dollar (USD) remittance exchange rates. Read remittance service provider reviews and check out deals, promotions and discounts. Transfer online or send cash based on services offered by these providers.

When making a money transfer to Ecuador from Nigeria, we currently have 1 remittance service providers available.

Verto currently offers the most competitive rate for sending money to Ecuador and their 1 NGN to USD exchange rate today is 0.0008.

Looking for a different option? You can browse all sending countries on our send money from hub, or view all destinations available when sending money from Nigeria.

Were you looking to send money from Ecuador to Nigeria instead?

If you need to send international business money transfers and payments, get in touch with us to see how we can help protect your revenue.

Did not find the providers you were looking for? Please reach out to us at info@remitfinder.com, and we will do our best to add them to our platform.


Latest NGN to USD Conversion Rates

Here are some latest NGN to USD (Nigerian Naira to US Dollar) exchange rates for popular conversion amounts*.

1 NGN0.00 USD
5 NGN0.00 USD
10 NGN0.01 USD
25 NGN0.02 USD
50 NGN0.04 USD
100 NGN0.08 USD
150 NGN0.12 USD
200 NGN0.16 USD
250 NGN0.20 USD
300 NGN0.24 USD
400 NGN0.32 USD
500 NGN0.40 USD
600 NGN0.48 USD
700 NGN0.56 USD
800 NGN0.64 USD
1,000 NGN0.80 USD
1,500 NGN1.20 USD
2,000 NGN1.60 USD
2,500 NGN2.00 USD
3,000 NGN2.40 USD
4,000 NGN3.20 USD
5,000 NGN4.00 USD
10,000 NGN8.00 USD
15,000 NGN12.00 USD
20,000 NGN16.00 USD
30,000 NGN24.00 USD
40,000 NGN32.00 USD
50,000 NGN40.00 USD
100,000 NGN80.00 USD

*Based on the Interbank Exchange Rate. Actual payout may vary based on the chosen money transfer provider.


What's the best way to send money from Nigeria to Ecuador?

With the global remittance market booming, there are so many choices for Nigerian Naira to USD money transfers. To make it even more complicated, new Fintech companies keep entering the space, making it harder for remitters to decide which company to choose to send money overseas.

Our money transfer comparison engine does all the hard work for you by searching and comparing numerous companies that specialize in foreign exchange transactions, and picking the best ones for sending money to Ecuador from Nigeria. This way, you do not have to manually search and compare these companies which is very time consuming. All remittance companies on our platform are established, secure providers that our expert team has selected.

We also provide you with attractive deals and promotions from our partners; these offers help you further maximize the final USD amount that your recipient gets. We, along with our partners, work hard to provide you with the best discounts and offers that you can use when you send money internationally.


How to get the best remit rate for transferring money from Nigeria to Ecuador?

One of the key factors in getting the best rate for your next money transfer is awareness of what your choices are. With so many remittance service providers out there, you would want to choose the one that suits your needs best for sending money to Ecuador.

The RemitFinder comparison platform compares several forex service providers so you can get the maximum return on your Nigeria to Ecuador transfer. Simply search for your countries and inspect various options in one place. This will allow you to decide which company is the most appropriate one for you.

You may also want to sign up for our free exchange rate alert for your NGN to United States Dollar money transfers. This way, you can get notified of the best rates on a daily basis, and send money when rates are higher.


What's the cheapest way to send money from Nigeria to Ecuador?

Finding the cheapest way to send money from Nigeria to Ecuador might not be that easy given the umpteen choices available. You have to look at various parameters like exchange rates and fees to determine if the cost of one money transfer operator is less than that of another or not.

It may also be tempting to use some of the traditional funds transfer services like foreign currency exchanges or operators located in shopping malls, grocery stores and other local outlets. While you can certainly transfer NGN to USD via these channels, they may not be the most economical way to send money internationally. Typically, brick and mortar services charge higher fees and may also provide lower rates. All this contributes to making your foreign exchange transfer more expensive.

Online money transfers tend to be more cost effective, and RemitFinder provides you quite a number of good choices to ensure you are able to get optimum Nigeria to Ecuador exchange rate. Many of our partners also provide promotions and offers that are exclusive to our customers; availing these will definitely reduce the cost of your foreign exchange transaction further.


How to send money from Nigeria to Ecuador through a bank?

We do not recommend using your local bank in Nigeria for your next NGN to USD overseas funds transfer. The reason for this is that banks are known to give you worse exchange rates and yet charge high foreign exchange fees. That is a double whammy that will make the transaction much more expensive for you.

That said, there may be circumstances you may want to consider your bank for your international funds transfer. For example, if you need to move a very large sum of money from Nigeria to Ecuador (for property purchase, or any such high value transaction), and do not want smaller transactions. In such cases, be sure to carefully inspect all details of the remittance transaction that your bank offers you. You can use the RemitFinder remittance search engine to compare your bank's quote with many other money transfer companies to try to negotiate a better deal with your bank.

Notwithstanding any unique circumstances as above, you will generally save more by relying on online foreign exchange companies for sending USD to Ecuador. These companies will let you use your local bank account in Nigeria to pay for your Ecuador money transfer, but will likely save you a lot of money by affording better rates and citing lower foreign exchange transaction fees.


How to send money from Nigeria to Ecuador fast?

The speed of your Nigerian Naira to United States Dollar funds transfer will depend on various factors like which provider you use, how you pay for your transaction, how you choose for your recipient to get the funds, etc. You will, therefore, want to compare various options to see which one suits your needs best.

We created a comprehensive guide on remittances to help you understand all the factors that come into play when you convert NGN to USD. Establishing a solid understanding of all the criteria that affect your transaction speed will help you compare various money transfer companies to see which one can provide you with the fastest transaction.

One possible approach that will help you send money fast to Ecuador from Nigeria is to rely on cash as payment as well as delivery method. This would mean paying for your transfer with cash, most likely by walking into your provider's office or agent location. Similarly, your recipient could also pick up cash in Ecuador if they have a pickup location nearby. Dealing with cash on both sides will eliminate bank transfers in the middle which generally take longer as money has to move between banks.

One drawback of cash transfers is the need to go to physical drop off and pickup locations, and the inherent risk involved in carrying cash, especially for larger amounts. Another one is that cash transfers generally involve lower exchange rates as compared to online transfers. If you do not want to handle cash for the aforementioned reasons, the next fastest transfers would be to payout USD into a mobile wallet, or even do a mobile airtime popup. These methods would be faster than Nigeria bank to Ecuador bank transfer.


Which are the best money transfer companies to send money from Nigeria to Ecuador?

Comparing money transfer companies for sending money to Ecuador from Nigeria can be challenging, especially given the number of options out there. But, if you are armed with the right knowledge, it will help you make a more informed decision and, therefore, make the most of your hard earned money.

There are various areas you would want to inspect when evaluating these providers to gauge the best fit for sending money overseas to Ecuador. How much do you want to send? Some companies deal with only small amounts, while others specialize in larger ones. Are you OK paying a fee for your Nigerian Naira to United States Dollar transfer or you will only go with 0 fees? How about exchange rates? Can you send money using non-fixed or indicative rates?

Once you start applying these conditions to the list of choices you see, you can start to eliminate companies that do not match any of your preferences. This will help fine tune the list to a small number. Finally, keep an eye on promotions and discounts as they will help maximize the United States Dollar yield on every Nigerian Naira that you send.


Step by step guide to send money from Nigeria to Ecuador

With so many possible ways to transfer Nigerian Naira to United States Dollar, and exchange rates that are changing by the second, it can be difficult to make the best choice to save time and money. RemitFinder's online remittance comparison platform helps you find the best companies to move your funds abroad.

Once you have picked the right company for your Nigeria to Ecuador remittance transaction, you can follow the below step by step procedure.

  • Create an account at your chosen operator.
  • You may be asked for photo IDs and address proofs; please provide these as they help the operator ensure legal and regulatory compliance.
  • Add bank accounts for both the sender in Nigeria and the receiver in Ecuador. Using bank deposits can be the cheapest option to send money.
  • Decide when you want to send money and the transfer amount. When ready, choose the amount and start your transaction.
  • At this point, you are pretty much done, and the operator will take it on from here.
  • Watch out for updates from the operator on the progress of your transaction.

We also recommend that you have more than one remittance company in your portfolio so you can maximize the return on your NGN to United States Dollar money transfers. This way, you can pick whoever is the best at the time you are ready to initiate your transaction.