Euro to Naira Exchange Rate

Euro to Naira Exchange Rate at the Black Market, Central Bank and Bureau de Change

The table below compares the euro to naira exchange rate from different money transfer services and money markets. Here, the euro to naira rate is compared with the Black Market, CBN and Bureau De Change
Euro to Naira Exchange Rate at the Parallel Market, Central Bank and Bureau de Change
Date Blackmarket CBN Bureau de Change
405 / 414 Not Available 406 / 414
403 / 411 348.211 / 349.352 406 / 414
404 / 411 346.99 / 348.128 406 / 416
407 / 412 347.97 / 349.111 406 / 416
408 / 415 347.97 / 349.111 406 / 416

Euro to Naira Exchange Rate at MoneyGram, Western Union and Azimo

The table below analyzes the Euro to Naira Exchnage Rate from Moneygram, Western Union and Azimo
Euro to Naira Exchange Rate at Moneygram, Western Union and Azimo
Date Money Gram Western Union Azimo
394.95 394.98 393.20
392.81 392.91 397.77
391.84 391.91 397.83
391.87 391.80 395.75
393.88 394.02 398.73

Euro to Naira Exchange Rate at Transferwise, Small World and World Remit

The table below compares the dollar exchange rate from different money transfer services and money markets. Here, the dollar rate is compared to Small World ,Transferwise, and World Remit
Euro to Naira Exchange Rate at Transferwise, Small World and World Remit
Date Small World Transfer Wise World Remit
396.08 405.77 397.92
395.39 403.99 395.94
393.68 402.22 396.00
396.71 402.22 394.05
395.42 405.77 396.93

Euro to Naira Exchange Rate. Facts and Figures

The Euro, the second most traded currency in the world after the US Dollar, is the official currency of the European Union. The Euro holds the title as the second largest reserve currency in the world; as of recent times, the euro has one of the highest combined values of banknotes and coins in circulation in the world.

It is subdivided into 100 cents. The currency symbol is € and the currency code is EUR. The users of the currency consist of 19 States out of the 28 member states of the European Union. They include: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Also, four European micro states (Andorra, Monaco, San Marino and Vatican City) outside the EU adopt the euro as their currency. The European Central Bank is the central bank responsible for issuance of the euro and monitoring of the monetary policy of the Eurozone; located at Frankfurt, Germany.

Currency Facts : EURO
Name: Euro
Symbol: €
Cent: cent
Minor Unit: 1/100 = Cent
Central Bank Rate: 0.00
Nicknames: Ege (Finnish), Leru (Spanish), Yoyo (Irish English), Teuro (German)
Coins: Frequently Used: €1, €2, 5cent, 10cent, 20cent, 50cent; Rarely Used: 1 cent, 2 cent
Banknotes: Frequently Used: €5, €10, €20, €50, €100; Rarely Used: €200, €500
Central Bank: European Central Bank
Website: http://www.ecb.eu

Users: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain, Andorra, Monaco, San Marino and Vatican City.

50 euro note
100 Euro Note
10 Euro Note
20 Euro Note

The History of Euro to Naira

The Euro is the single currency used in the member states of European Union. The name ‘euro’ was got from Madrid on the 16th of December, 1995. It was introduced on 1 January, 1991 as an account currency, replacing the European currency unit at par. On that same date, the national currencies of participated states ceased to be the legal tender making the euro, a standard currency even in non-physical form such as e-transfers, traveller’s cheques, banking transactions as well as others. However, a clear cut on when the euro was made an official legal tender is varied in the different states.

Since 1991, the Euro has gained worthy international presence in the world. It has grown as a dynamic economic or political substitute to the US Dollar due to the growing use over the world. Hence, the Euro becomes the next searched currency in Nigeria after the Dollar. The Euro to Naira exchange rate status has grown rapidly because of the influx of migration of Nigerians to the European nations than that of the United Kingdom. With the amount of opportunities in the various member nations in the EU, the Euro to Naira conversion rate will also increase.

CBN Euro to Naira Exchange Rate History (2012-2017)

January 2017 : 315.79
January 2016 : 213.82
January 2015 : 198.99
January 2014 : 211.65
January 2013 : 205.15
January 2012 : 203.09