MXN to NGN - Convert Mexican Peso to Nigerian Naira

Convert MXN to NGN using our currency converter with real exchange rate today

1 MXN = 88.493 NGN

1 NGN = 0.011 MXN

(Mid-market exchange rate)

Last updated May 18, 2024 09:10 GMT

MXN to NGN conversion chart

Below is the live and historical Mexican Peso to Nigerian Naira rate chart so you can see today's rate - and how the rates have changed over time.

1 MXN = 88.493 NGN

1,000 Mexican Peso to Nigerian Naira stats | MXN to NGN

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 91.438 91.438 96.343 96.343 91.438
Low 84.901 63.063 67.015 25.666 63.063
Average 89.122 79.462 83.906 55.781 79.462
Volatility 7.7% 44.99% 43.76% 275.37% 44.99%

What is the Mexican Peso worth against the Nigerian Naira today?

1 MXN is worth 88.493 NGN today

How much is 1,000 MXN worth in NGN?

At the current exchange rate of 88.493 , a sum of 1,000 Mexican Peso is worth 88,493 Nigerian Naira.

Which currency is stronger? MXN or NGN?

The Mexican Peso is currently stronger than the Nigerian Naira given that 1 MXN is equal to 88.493 NGN. Conversely, 1 NGN is worth 0.011 MXN.

Overview of MXN to NGN Performance and Trends

Today, to buy 1,000 Mexican Peso, you need 88,493 Nigerian Naira. On the same date last year, you needed 26,034 Nigerian Naira for 1,000 Mexican Peso. This change indicates that the Mexican Peso has become stronger against the Nigerian Naira by 239.91% over the past year.

The pair experienced high volatility of 275.37%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

MXN to NGN Currency Performance and Volatility

Last 7 Days

  • Performance: $1,000 varied between ₦84.901 (weekly low) and ₦91.438 (weekly high), a variance of ₦6.537 .
  • Volatility: Fluctuated by 7.7%.

Last 30 Days

  • Performance: $1,000 varied between ₦63.063 (30-day low) to ₦91.438 (30-day high), a variance of ₦28.375 .
  • Volatility: Fluctuated by 44.99%.

Last 90 Days

  • Performance: $1,000 varied between ₦67.015 (90-day low) to ₦96.343 (90-day high), a variance of ₦29.328 .
  • Volatility: Fluctuated by 43.76%.

Last Year

  • Performance: $1,000 ranged from ₦25.666 (yearly low) to ₦96.343 (yearly high), a variance of ₦70.677 .
  • Volatility: Fluctuated by 275.37%.

MXN to NGN Forecast and trending

Is the Mexican Peso going up or down against the Nigerian Naira?

Today's MXN to NGN exchange rate (88.493) is smaller compared to yesterday's rate (91.314).

Currency information

MXN - Mexican Peso

The currency code for Mexican Peso is MXN.

The MXN currency symbol is $.

Minor unit: 1/100 = Centavo

MXN rank by most traded currencies: 16

Avg proportion of daily world trade volume: 0.75%

MXN rank by strongest currencies (buying power): 60

The Mexican Peso is the currency of 1 countries:
Mexico

More Mexican Peso (MXN) information >

NGN - Nigerian Naira

The currency code for Nigerian Naira is NGN.

The NGN currency symbol is ₦.

Minor unit: 1/100 = Kobo

NGN rank by most traded currencies: Not in top 40 traded currencies

Avg proportion of daily world trade volume: 0% (Low daily trade currency)

NGN rank by strongest currencies (buying power): 121

The Nigerian Naira is the currency of 1 countries:
Nigeria

More Nigerian Naira (NGN) information >

Understanding MXN to NGN Currency Exchange: Our Top Tips

Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Mexican Peso to Nigerian Naira, to send a payment, for a trip overseas, when shopping online or to hold a balance in Nigerian Naira.

How to convert MXN to NGN?

You can convert Mexican Peso to Nigerian Naira either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Nigerian Naira in cash. Or, you can choose to convert digitally, to send a payment overseas for example.

If you're exchanging money in a physical location you'll usually need to take the following steps:

  • Choose an exchange service that suits your needs
  • Head there with the money in Mexican Peso cash to exchange
  • Get a quote for the exchange rate and any commission or fee you need to pay
  • Hand over your money and receive your Nigerian Naira in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

  • Choose an international payment service that suits your needs and head to their desktop site, or download their app
  • Tap Send Payment
  • Enter the amount in Mexican Peso you want to send, or the amount in Nigerian Naira you want your recipient to get in the end
  • You'll be shown a quote for the exchange rate and any commission or fee you need to pay
  • Choose your preferred payment method, and follow the prompts to pay
  • Your money will be deposited to your recipient's bank account directly, in Nigerian Naira

How to get the best MXN to NGN exchange rate?

Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best MXN to NGN exchange rate for your specific transaction.

Get to know the MXN/NGN mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the MXN/NGN mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.

Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Mexican Peso and Nigerian Naira. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.

How to buy Mexican Peso with Nigerian Naira?

You'll be able to exchange Nigerian Naira to Mexican Peso in the same way as you'd exchange Mexican Peso to Nigerian Naira. If you have Nigerian Naira in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Nigerian Naira. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.

On the other hand, if you hold Mexican Peso in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.

Where to exchange MXN to NGN?

You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.

A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.

Frequently asked questions when converting Mexican Peso to Nigerian Naira (MXN to NGN)

How much is the Mexican Peso to Nigerian Naira?

The Mexican Peso to Nigerian Naira exchange rate today is 88.493 . Use this guide to learn more about exchanging MXN to NGN in the easiest and best value way for your specific needs.

How much is 1,000 Mexican Peso to the Nigerian Naira?

The MXN to NGN rate today is 88.493 . That means that 1,000 Mexican Peso would be worth 88,493 Nigerian Naira.

How to exchange Mexican Peso to Nigerian Naira?

Exchange MXN to NGN in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including MXN to NGN.

How to send money to Nigeria?

If you want to send money from Mexico - or anywhere else in the world - to Nigeria, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Nigeria - plus, you'll be able to get everything arranged with just your laptop or phone.

What is the Mid-Market Rate?

The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Nigerian Naira and Mexican Peso on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.

Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.

Get the live Mexican Peso to Nigerian Naira exchange rate with our handy tools, to help you compare your options.

Why trust us?

We take reader trust seriously. At Currency Live we're working to help our readers learn more about currency exchange so they can avoid the common pitfalls and make more of their money. Here's why you can trust us to do just that:

Expertise and Transparency by our partnership with Wise

Our partnership with Wise reinforces our commitment to delivering transparent and reliable financial insights and aiding more than millions of monthly users in their money transfers. We already have a billion impressions and over a million yearly visitors who benefit from the depth of insight and actionable tips we can provide them.

Broad market scope

At Currency Live we cover all of currency pairs, with rates which are refreshed in real time so you'll know the details you're reading are accurate, extensive and live.

Reliable Market Analysis

Our market analysis and currency news are up-to-date, researched and presented in an easy-to-understand format. This ensures you get accurate and actionable information, without any unnecessary complexities.

Commitment to Accurate Currency Information

Currency Live was built by currency exchange experts with over 10 years experience, and we are proud to dedicate ourselves to providing essential and current information, aiding users with valuable insights for currency conversion and financial decision-making.