AUD to NGN Exchange Rate Today
Australian Dollar to Nigerian Naira conversion for Nigerian diaspora in Australia. Live rates every 30 minutes for remittances.
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Sending 1,000.00 AUD → NGN
Mid-Market Rate
After Fees
Exchange rate: Real-time mid-market rate from OpenExchangeRates API. Transfer fees: Based on typical provider fees.Note: Providers may offer different exchange rates than the mid-market rate shown. Always check the provider's website for their actual exchange rate and final pricing before sending.
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Frequently Asked Questions
What is the Australian Dollar to Nigerian Naira exchange rate?
The AUD to NGN rate has fluctuated dramatically between ₦500-950+ per A$1, driven by Nigeria's dual exchange rate system and persistent naira devaluation. With over 40,000 Nigerian-Australians concentrated in Sydney, Melbourne, and Perth, this corridor is rapidly growing. The Central Bank of Nigeria maintains both official windows and market-determined rates—a legacy of forex scarcity requiring careful navigation. Nigerian-Australian professionals, students, and skilled migrants benefit from real-time rate tracking given naira's 10-15% monthly swings. Live mid-market rates refresh every 30 minutes via OpenExchangeRates.
How can Nigerians in Australia send money to Nigeria?
Nigerian-Australians access diverse channels: Remitly (reliable Australian-Nigeria corridor), WorldRemit, SendWave (lowest fees), OFX (Australian firm ideal for A$5K+ transfers), Western Union/MoneyGram (Nigerian city coverage); or big four bank wires (CommBank, Westpac, ANZ, NAB—expensive, avoid for regular remittances). Sydney, Melbourne, Perth, and Brisbane communities should verify delivered NGN—provider spreads fluctuate 3-5% as naira swings. Australian-based comparison sites help track best daily rates across platforms.
Why is the naira so weak against the Australian dollar?
The AUD-NGN disparity (₦700-950 per aussie dollar) stems from divergent resource management: Australia's iron ore, coal, and LNG wealth translates to stable forex reserves, while Nigeria's oil revenues leak through corruption and mismanagement. The CBN's inability to maintain a unified exchange rate (official vs parallel spreads hit 25%) contrasts with RBA's transparent policy. Inflation differential (Nigeria's 15-25% vs Australia's 3-5%) accelerates naira devaluation. For 40K+ Nigerian-Australians in Sydney/Melbourne, the climbing rate boosts remittance value but signals deteriorating conditions in Lagos.
Do Australian banks offer good naira exchange rates?
No. Australian big four banks rarely handle NGN directly and charge $20-35 transfer fees plus 4-6% poor exchange spreads. CommBank, Westpac, ANZ, and NAB all offer terrible rates for AUD to NGN. Dedicated Nigeria remittance services are far superior: Remitly charges 2-4%, SendWave ~1-2%, WorldRemit 3-5%—all with much better rates than banks and faster delivery to Nigerian accounts. For Nigerian-Australians sending regular family support, specialized services save 50-70% versus big four banks.
When should I send Australian dollars to Nigeria for best rate?
Melbourne Nigerians sending A$1,000 monthly maximize value when aussie exceeds ₦850, gaining ₦850K versus ₦700K at ₦700—critical during naira crises. Nigerian Australians (40,000+ community) remit A$500M annually to Lagos, Abuja families. Naira volatility (2023 crashed to ₦1,100) creates opportunities. Capturing ₦850 versus ₦700 boosts monthly A$1K transfers by ₦150K—valuable for Sydney or Perth Nigerian diaspora supporting family needs, Lagos real estate (Lekki, VI), or business ventures during CBN policy changes and oil market dynamics in Africa's largest economy.