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Compare today's NGN to IQD (Nigerian Naira to Iraqi Dinar) exchange rates

Nigeria
Iraq
NGN

Interbank Exchange Rate: 1 NGN = 0.9407 IQD
Updated about an hour ago

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All you need to know about Nigerian Naira to Iraqi Dinar money transfers

Easily compare money transfer providers in one place to send money from Nigeria to Iraq. Send money overseas to your loved ones by comparing Nigerian Naira (NGN) to Iraqi Dinar (IQD) 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.

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.

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Latest NGN to IQD Conversion Rates

Here are some latest NGN to IQD (Nigerian Naira to Iraqi Dinar) exchange rates for popular conversion amounts*.

1 NGN0.94 IQD
5 NGN4.70 IQD
10 NGN9.41 IQD
25 NGN23.52 IQD
50 NGN47.04 IQD
100 NGN94.07 IQD
150 NGN141.11 IQD
200 NGN188.14 IQD
250 NGN235.17 IQD
300 NGN282.21 IQD
400 NGN376.28 IQD
500 NGN470.35 IQD
600 NGN564.42 IQD
700 NGN658.49 IQD
800 NGN752.56 IQD
1,000 NGN940.70 IQD
1,500 NGN1,411.05 IQD
2,000 NGN1,881.40 IQD
2,500 NGN2,351.75 IQD
3,000 NGN2,822.10 IQD
4,000 NGN3,762.80 IQD
5,000 NGN4,703.50 IQD
10,000 NGN9,407.00 IQD
15,000 NGN14,110.50 IQD
20,000 NGN18,814.00 IQD
30,000 NGN28,221.00 IQD
40,000 NGN37,628.00 IQD
50,000 NGN47,035.00 IQD
100,000 NGN94,070.00 IQD

*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 Iraq?

It can be very confusing when sending money from Nigeria to Iraq given so many choices. Additionally, Nigerian Naira to IQD exchange rates fluctuate all the time. Remitfinder gives you the option to compare money transfers companies to choose the best exchange rate among this volatility while making the best deals and promotions available to you.

Choose Nigeria to Iraq as your country combination and click search. We then compare many money transfer companies to bring you the best exchange rates to send money to Iraq from Nigeria. In one single place, you can easily compare many providers to see which one is the best option for your next transfer.

To further help you maximize the return on your money, our partners add various promotions and discounts on our site. You can take advantage of various deals we have for Nigerian Naira to Iraqi Dinar remittances.


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

When sending money overseas, there are a lot of options at your disposal these days. All of them come with various caveats that may include exchange rates, fees, transaction processing time, security and privacy, and so on. RemitFinder helps you to decide which foreign exchange operator to pick for your NGN to Iraqi Dinar money transfer.

Our real time remittance comparison engine compares numerous banks, FX providers, remittance companies, multi currency bank accounts, etc. and presents you with the best options for sending money from Nigeria to Iraq. We carefully select providers to give you the best choices for sending money internationally.

Additionally, you can sign up for the free rate alert to always stay updated with the best rates and promotions for NGN to IQD remittances. With our daily free rate alert, you will never have to manually search and compare providers again.


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

The final amount your recipient gets when you send NGN to IQD is the most important number that matters. In other words, you should try to minimize the impact of fees and other hidden charges (bad exchange rate is one of them) to achieve the most cost effective cross border remittance.

Before the dawn of the modern internet era, traditional methods to send money from Nigeria to Iraq used to be banks, and small, local remittance players located in retail outlets and convenience stores. Unfortunately, all these options entail high fees and often provide low exchange rates - this results in an expensive money transfer whereby a big chunk of your hard earned money does not reach your recipient.

A great way to find the cheapest options to send Iraqi Dinar is by comparing numerous foreign exchange operators and service providers on RemitFinder. By eliminating the process of manually searching and comparing various companies, you can easily compare all your options in one place, thereby saving time and money. This way, you can get the best Nigerian Naira to Iraq exchange rate. Further savings can be realized by utilizing many exclusive offers and promotions from our partners. These deals can help lower the cost of a money transfer even more, thereby giving you a higher return.


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

Bank transfers have been a traditionally popular way to send money overseas from Nigeria to Iraq. But, with the explosion of so many Fintech startups specializing in remittances, it is worth asking yourself if you should still be using your bank for sending funds internationally.

In general, banks tend to charge much higher fees compared to newer remittance companies that specialize in online operations. It is also possible that the NGN to IQD exchange rate you get from your bank may not be the best. In fact, high fees and below par exchange rates are two of the most popular ways banks make money on remittances.

We, therefore, recommend that before you use your Nigeria bank for your Iraq money transfers, you explore various other options to carefully review your total cost (represented by transaction fees) as well as the exchange rate you will get. Combined, these two factors will have a direct impact on how much money your recipient gets from your transaction.


How to send money from Nigeria to Iraq fast?

If you need to convert NGN to IQD as fast as possible, there are definite steps you can take that will help you do so. You could pay for your transfer with cash, as well as have your recipient do a cash pickup for payout - both of these methods will speed up your money transfer.

That said, handling cash could be a safety issue given that both the sender and receiver have to physically carry cash (most agent locations are located in physical stores, malls, and retail outlets which may or may not be in a physically safer area). Additionally, due to the extra costs involved to set up and maintain physical locations, cash transactions tend to get a worse foresign exchange rate (contrasted with online/digital transfers). So, another option to move money quickly from Nigeria to Iraq could be sending it to a mobile wallet. This would entail some slowness compared to cash transfers, but would be more safe.

Apart from the above, there are many other factors that can have an impact on your Nigerian Naira to Iraqi Dinar funds transfer speed. To arm you with all the knowledge you need to distinguish faster from slower remittance providers, we crafted a complete guide to remittances; this article touches upon everything you need to know to make the fastest money transfers to Iraq.

With so many choices available, make sure to compare various forex operators that enable you to remit money from Nigeria to Iraq. Once you understand their services and the factors that affect how fast your money can be transferred overseas, you will be able to minimize the time your money is in transit.


Which are the best money transfer companies to transfer money to Iraq from Nigeria?

The definition of "best" is very personal for everyone. It may even vary from one transaction to the next depending on various factors involved. When it comes to sending money from Nigeria to Iraq, we can help you in choosing the best provider.

There are several key points you would want to check for; these include, but are not limited to, the best Nigerian Naira to Iraqi Dinar exchange rate, transfer amount limits, transaction fees, transfer speed, variety of payment and delivery methods available, fixed vs indicative rate, and availability of any deals and promotions.

After you see the initial list of remittance companies we present you with, use the above criteria to fine tune your choices. That way, you can see which providers are a better fit for the requirements of your IQD money transfers to Iraq. Keep an open mind as it is very much possible that different providers suit different transfer scenarios better than others.

Finally, you should definitely take into account any ongoing promotions from these providers. Offers and discounts will lower your cost to make the money transfer and result in your recipient in Iraq getting more money for every Nigerian Naira you send.


Step by step guide to send money from Nigeria to Iraq

The first step to send money to Iraq from Nigeria is to identify a money transfer provider that best suits your needs. You can rely on RemitFinder's online comparison tool to do so.

Once you have a provider chosen, follow these steps to execute your NGN to IQD overseas funds transfer.

  • Click through to the provider's site and register an account.
  • Provide documentation for ID proof, and related information that the provider may need as part of compliance and regulatory checks they need to do.
  • Add recipient information including their bank account in Iraq if paying via ACH direct deposit or bank transfer.
  • Enter your sending amount, and initiate a transaction.
  • Pay for your transaction via your Nigeria bank account or alternative methods like a debit card.
  • Sit back and relax, and see your money travel to Iraq!

After the transaction has been kicked off, the provider would notify you of progress. Many remittance companies also have mobile apps; you can use that to track the real time status of your transfer from Nigeria to Iraq.