LocalExchangeRates.com

Official Rate Sheet: Nigerian Naira (NGN) / Gambian Dalasi (GMD)

Date generated:

Mid-Market Rate: 1 NGN = 0.0554 GMD

Real-Time Interbank Wholesale Feed: October 6, 2026

Nigerian Naira to Gambian Dalasi Exchange Rate (NGN to GMD)

Real-time mid-market wholesale rate with zero retail markup. Check benchmark pricing before bank conversion or international wire transfer.

Bottom Line Up Front (BLUF): How much is 1,000 NGN in GMD?

1 NGN = 0.0554 GMD

At the current mid-market wholesale exchange rate, converting 1,000 Nigerian Naira (NGN) yields approximately 55.36 Gambian Dalasi (GMD) (inverse rate: 1 GMD = 18.0639 NGN). This rate represents the pure interbank benchmark. Retail dealers and commercial banks typically apply a commercial spread between 1.5% and 3.5%. View live calculations, historical charts, and provider spreads below.

You Pay (Amount): NGN

You Receive (Estimate): GMD

Wycena na podstawie średniego kursu międzybankowego (0,00% marży)

Kurs rynkowy: 1 NGN = 0.0554 GMD

Kurs odwrotny: 1 GMD = 18.0639 NGN

Status danych: Live Data (Redis)

Looking for reverse calculation? Check GMD to NGN (Gambian Dalasi to Nigerian Naira) Live Converter →

NGN to GMD Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Nigerian Naira against Gambian Dalasi

Period High

0.0560 GMD

Period Low

0.0547 GMD

Volatility / Avg

0.0554 GMD

Mid-Market Trend

+0.25%

30-Day Range (1M) Position: 50% range

Min: 0.0547 GMD

Max: 0.0560 GMD

52-Week Range (1Y) Current Position: 65% Range

Min: 0.0534 GMD

Max: 0.0573 GMD

Standard Denomination Conversion Matrix (NGN & GMD)

Wholesale interbank rate matrix with zero retail markup or hidden fees.

Nigerian Naira → Gambian Dalasi (NGN / GMD)

Wholesale Benchmark

Nigerian Naira (NGN)	Gambian Dalasi (GMD)
1 NGN	0.06 GMD
5 NGN	0.28 GMD
10 NGN	0.55 GMD
25 NGN	1.38 GMD
50 NGN	2.77 GMD
100 NGN	5.54 GMD
200 NGN	11.07 GMD
250 NGN	13.84 GMD
500 NGN	27.68 GMD
1,000 NGN	55.36 GMD
2,500 NGN	138.40 GMD
5,000 NGN	276.79 GMD
10,000 NGN	553.59 GMD

Gambian Dalasi → Nigerian Naira (GMD / NGN)

Wholesale Benchmark

Gambian Dalasi (GMD)	Nigerian Naira (NGN)
1 GMD	18.06 NGN
5 GMD	90.32 NGN
10 GMD	180.64 NGN
25 GMD	451.60 NGN
50 GMD	903.20 NGN
100 GMD	1,806.39 NGN
200 GMD	3,612.78 NGN
250 GMD	4,515.98 NGN
500 GMD	9,031.96 NGN
1,000 GMD	18,063.91 NGN
2,500 GMD	45,159.78 NGN
5,000 GMD	90,319.56 NGN
10,000 GMD	180,639.12 NGN

Provider / Channel	NGN/GMD Effective Exchange Rate	Estimated Fee	Estimated Received (GMD)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	0.0554 GMD	0.00%	276.79 GMD	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	0.0534 GMD	~3.50%	267.11 GMD	-9.69 GMD
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	0.0498 GMD	~10.00%	249.12 GMD	-27.68 GMD

1 NGN to GMD: Nigerian Naira to Gambian Dalasi Exchange Guide

Searches for 1 NGN to GMD or convert NGN to GMD describe the amount of Gambian Dalasi received per 1 Nigerian Naira. At today's wholesale baseline of 1 NGN = 0.0554 GMD (inverse: 1 GMD = 18.0639 NGN), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Nigeria ↔ Gambia)

Whether remitting money internationally or budgeting for travel, benchmark retail bank quotes against the wholesale mid-market rate to avoid excessive markups.

🏦 Commercial Bank Spreads

Major commercial banks typically add markups between 1.5% and 3.5% on foreign currencies, whereas digital multi-currency accounts operate with tighter margins.

📈 Monetary Policy Drivers

Interest rate decisions and monetary policies set by Central Bank of Nigeria (CBN) and Central Bank of The Gambia (CBG) shape the medium-to-long term valuation of NGN/GMD.

NGN and GMD Currency Profiles

Official monetary framework, central bank governance, and banknote specifications for Nigeria and Gambia.

How the NGN to GMD Exchange Rate Works

Foreign exchange transactions between Nigeria (NGN) and Gambia (GMD) trade continuously on global wholesale interbank currency markets. The mid-market rate represents the exact mathematical midpoint between institutional buy (bid) and sell (ask) quotes without retail dealer markups.

Key considerations when converting or transferring between NGN and GMD:

Banking Channel Selection: Digital banking transfers and specialized multi-currency accounts generally offer exchange margins of 0.2% to 0.8%, whereas airport physical cash booths frequently charge 8% to 12% over the interbank baseline.
Central Bank Oversight & Policy: Monetary policy decisions, policy interest rate differentials, and currency reserves managed by Central Bank of Nigeria (CBN) and Central Bank of The Gambia (CBG) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Nigeria and Gambia exceeding equivalent to 10,000 USD or EUR are legally required to file written declarations with border authorities.
Avoid Dynamic Currency Conversion (DCC): When using payment cards abroad or withdrawing cash from ATMs, always elect to be billed in the local currency (GMD) rather than your home billing currency to bypass costly DCC conversion markups.

LocalExchangeRates aggregates real-time wholesale interbank benchmarks to provide users with transparent, independent currency valuation.

Frequently Asked Questions: Nigerian Naira to Gambian Dalasi Conversion

Common questions regarding Nigerian Naira to Gambian Dalasi conversion, bank spreads, and transfer costs.

How much is 1,000 NGN in GMD today?

At the current mid-market exchange rate (1 NGN = 0.0554 GMD), 1,000 Nigerian Naira equals approximately 55.36 Gambian Dalasi. Retail exchange bureaus and commercial banks typically apply a 1.5% to 3.5% transaction spread.

Where can I get the best exchange rate for Nigerian Naira?

To secure the best rates, avoid airport currency kiosks which routinely apply markups exceeding 8% to 12%. Converting currency at major commercial banks or using a low-fee multi-currency card typically delivers the closest rate to the mid-market benchmark.

Are there cash declaration limits when traveling with NGN?

Most international customs jurisdictions mandate a formal declaration when carrying physical cash or negotiable instruments exceeding the equivalent of 10,000 USD or EUR. Check with local customs authority (Central Bank of Nigeria (CBN)) prior to departure.

Does the exchange rate fluctuate during weekends?

Global interbank foreign exchange markets close on Friday evening (5:00 PM EST) and reopen on Sunday evening. Over the weekend, rates remain static at the Friday close, though retail providers may widen spreads to offset volatility risks.

How is the mid-market exchange rate calculated?

The mid-market exchange rate is the exact midpoint between global wholesale institutional buy (bid) and sell (ask) quotes. It serves as the global benchmark without any added retail broker or banking markup.