LocalExchangeRates.com

Official Rate Sheet: Nigerian Naira (NGN) / Iranian Rial (IRR)

Date generated:

Mid-Market Rate: 1 NGN = 1315.5508 IRR

Real-Time Interbank Wholesale Feed: October 6, 2026

Nigerian Naira to Iranian Rial Exchange Rate (NGN to IRR)

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 IRR?

1 NGN = 1315.5508 IRR

At the current mid-market wholesale exchange rate, converting 1,000 Nigerian Naira (NGN) yields approximately 1,315,550.82 Iranian Rial (IRR) (inverse rate: 1 IRR = 0.0008 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): IRR

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

Kurs rynkowy: 1 NGN = 1315.5508 IRR

Kurs odwrotny: 1 IRR = 0.0008 NGN

Status danych: Live Data (Redis)

Looking for reverse calculation? Check IRR to NGN (Iranian Rial to Nigerian Naira) Live Converter →

NGN to IRR Real-Time & Historical Rate Chart

Track historical volatility and key price support levels for Nigerian Naira against Iranian Rial

Period High

1331.3374 IRR

Period Low

1299.7642 IRR

Volatility / Avg

1315.5508 IRR

Mid-Market Trend

+0.25%

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

Min: 1299.7642 IRR

Max: 1331.3374 IRR

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

Min: 1269.5065 IRR

Max: 1361.5951 IRR

Standard Denomination Conversion Matrix (NGN & IRR)

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

Nigerian Naira → Iranian Rial (NGN / IRR)

Wholesale Benchmark

Nigerian Naira (NGN)	Iranian Rial (IRR)
1 NGN	1,315.55 IRR
5 NGN	6,577.75 IRR
10 NGN	13,155.51 IRR
25 NGN	32,888.77 IRR
50 NGN	65,777.54 IRR
100 NGN	131,555.08 IRR
200 NGN	263,110.16 IRR
250 NGN	328,887.70 IRR
500 NGN	657,775.41 IRR
1,000 NGN	1,315,550.82 IRR
2,500 NGN	3,288,877.04 IRR
5,000 NGN	6,577,754.08 IRR
10,000 NGN	13,155,508.15 IRR

Iranian Rial → Nigerian Naira (IRR / NGN)

Wholesale Benchmark

Iranian Rial (IRR)	Nigerian Naira (NGN)
1 IRR	0.00 NGN
5 IRR	0.00 NGN
10 IRR	0.01 NGN
25 IRR	0.02 NGN
50 IRR	0.04 NGN
100 IRR	0.08 NGN
200 IRR	0.15 NGN
250 IRR	0.19 NGN
500 IRR	0.38 NGN
1,000 IRR	0.76 NGN
2,500 IRR	1.90 NGN
5,000 IRR	3.80 NGN
10,000 IRR	7.60 NGN

Provider / Channel	NGN/IRR Effective Exchange Rate	Estimated Fee	Estimated Received (IRR)	Effective Difference
⚡ LocalExchangeRates Interbank Wholesale (Pure Benchmark)	1315.5508 IRR	0.00%	6,577,754.08 IRR	Benchmark (0%)
🏦 Major Commercial High-Street Banks Standard bank wire / counter transfer	1,269.5065 IRR	~3.50%	6,347,532.68 IRR	-230,221.39 IRR
✈️ Airport Currency Exchange Kiosks Airport terminal cash counters	1,183.9957 IRR	~10.00%	5,919,978.67 IRR	-657,775.41 IRR

1 NGN to IRR: Nigerian Naira to Iranian Rial Exchange Guide

Searches for 1 NGN to IRR or convert NGN to IRR describe the amount of Iranian Rial received per 1 Nigerian Naira. At today's wholesale baseline of 1 NGN = 1315.5508 IRR (inverse: 1 IRR = 0.0008 NGN), understanding retail bank margins helps protect your funds:

🌏 International Transfers & Travel (Nigeria ↔ Iran)

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 Iran (CBI) shape the medium-to-long term valuation of NGN/IRR.

NGN and IRR Currency Profiles

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

How the NGN to IRR Exchange Rate Works

Foreign exchange transactions between Nigeria (NGN) and Iran (IRR) 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 IRR:

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 Iran (CBI) serve as the primary long-term drivers for this currency pair.
Customs Cash Declaration Thresholds: Travelers carrying banknotes or negotiable instruments between Nigeria and Iran 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 (IRR) 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 Iranian Rial Conversion

Common questions regarding Nigerian Naira to Iranian Rial conversion, bank spreads, and transfer costs.

How much is 1,000 NGN in IRR today?

At the current mid-market exchange rate (1 NGN = 1315.5508 IRR), 1,000 Nigerian Naira equals approximately 1,315,550.82 Iranian Rial. 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.