EUR to NGN Exchange Rate
Live mid-market EUR/NGN rate for Nigeria. Updated every 60 seconds from Reuters. Access via our free API.
EUR to NGN Converter
Exchange Rate Trend
→ EUR to NGN Conversion Table
Convert EUR to NGN
| EUR | NGN |
|---|---|
| 1 | -- |
| 5 | -- |
| 10 | -- |
| 25 | -- |
| 50 | -- |
| 100 | -- |
| 500 | -- |
| 1,000 | -- |
| 5,000 | -- |
| 10,000 | -- |
Convert NGN to EUR
| NGN | EUR |
|---|---|
| 1 | -- |
| 5 | -- |
| 10 | -- |
| 25 | -- |
| 50 | -- |
| 100 | -- |
| 500 | -- |
| 1,000 | -- |
| 5,000 | -- |
| 10,000 | -- |
Get EUR/NGN Rates in Your App
AllRatesToday provides real-time EUR to NGN exchange rates via a free REST API. Mid-market rates sourced from Reuters (Refinitiv), updated every 60 seconds.
Quick Integration
- Register: Get your free API key at allratestoday.com/register
- Call the API: GET /api/v1/rates?source=EUR&target=NGN
- Use an SDK: Install from npm, PyPI, or Packagist for faster integration
- Historical data: Access rate history with periods of 1D, 7D, 30D, or 1Y
- Multi-currency: Request multiple targets in one call (e.g. target=EUR,GBP,JPY)
Understanding Nigerian Exchange Rates: CBN vs Parallel Market
When working with EUR/NGN exchange rate data, it's important to understand the difference between Nigerian exchange rates:
Official CBN Rate
The Central Bank of Nigeria (CBN) sets the official exchange rate. This rate is used for official government transactions, imports of essential goods, and some authorized business dealings. Banks and official channels typically use rates close to the CBN rate, but access may be limited.
Parallel Market Rate (Black Market)
The parallel market rate, sometimes called the "black market" rate, reflects actual supply and demand for foreign currency. This rate is typically higher than the CBN rate and is what most Nigerians use for everyday currency exchange. The gap between CBN and parallel rates can be significant.
What Rate Does the API Return?
The AllRatesToday API returns the mid-market rate sourced from Reuters (Refinitiv). This is the interbank rate without any markup. The API response includes a timestamp so you know exactly when the rate was captured, allowing your application to display accurate, real-time EUR/NGN data.
Note: The mid-market rate returned by the API may differ from the rates end-users receive through individual transfer services, which apply their own margins and fees.
Tips for Integrating EUR/NGN Rates
Here are best practices for using the AllRatesToday exchange rate API in your application:
- Cache responses locally: Rates update every 60 seconds. Cache the response and refresh on a timer to stay within your request quota and reduce latency.
- Use the SDK: Our official SDKs for JavaScript, Python, PHP, and React handle authentication, retries, and parsing so you can integrate in minutes.
- Display the timestamp: Always show the rate timestamp from the API response so users know how fresh the data is.
- Handle errors gracefully: If the API is temporarily unavailable, fall back to the last cached rate and display a notice to users.
- Batch currency requests: Request multiple target currencies in a single call (e.g. target=USD,GBP,NGN) to reduce API usage.
- Use historical endpoints for charts: The /api/v1/history endpoint supports 1D, 7D, 30D, and 1Y periods for building rate trend visualizations.
Understanding Mid-Market Rates
The mid-market rate (also called the interbank rate) is the midpoint between the buy and sell prices of two currencies on the global markets. It represents the fairest exchange rate available, with no markup applied.
For example, if the mid-market rate is 1 EUR = 100 NGN, a financial service might offer 1 EUR = 97 NGN, keeping the 3% difference as their margin.
The AllRatesToday API always returns the mid-market rate with zero markup, sourced directly from Reuters (Refinitiv). This gives your application access to the same benchmark rate used by banks and financial institutions worldwide.
API Features
The AllRatesToday exchange rate API provides the following endpoints and capabilities:
- Live Rates: GET /api/v1/rates?source=EUR&target=NGN returns the current mid-market rate, updated every 60 seconds from Reuters.
- Multi-Currency: Request multiple targets in one call (e.g. target=NGN,USD,GBP) to minimize API requests.
- Historical Data: GET /api/v1/history?source=EUR&target=NGN&period=7d returns time-series data for 1D, 7D, 30D, or 1Y periods.
- Currency Conversion: Pass an amount parameter to get the converted value directly, saving you from doing the math client-side.
All endpoints return JSON responses with rate, timestamp, source, and target fields. Authentication is via an API key passed in the Authorization header.
Frequently Asked Questions
How do I get EUR/NGN rates in my app?
Sign up for a free API key at allratestoday.com/register, then call GET /api/v1/rates?source=EUR&target=NGN. The response returns the mid-market rate with a timestamp. SDKs for JavaScript, Python, PHP, and React are available to simplify integration.
How often are EUR/NGN rates updated?
Rates are refreshed every 60 seconds from Reuters (Refinitiv). Each API response includes a timestamp field so your application knows exactly when the rate was last updated. You can poll the endpoint on a timer or use the timestamp to decide when to refresh.
What data source do you use for exchange rates?
We source mid-market rates from Reuters (Refinitiv) via the Wise platform. These are institutional-grade interbank rates with zero markup applied. The same data powers major financial platforms and currency tools worldwide.
Is the exchange rate API free?
Yes, the free tier includes 300 requests per month, which covers most small projects and prototypes. Paid plans are available for higher volume needs with increased rate limits and priority support. Sign up at allratestoday.com/register to get started.
Do you have SDKs for the API?
Yes, we provide official SDKs for JavaScript (npm), Python (PyPI), PHP (Packagist), and a React hook library. All SDKs handle authentication, error handling, retries, and response parsing. Install via your preferred package manager and pass your API key to get started.
Can I get historical EUR/NGN rates?
Yes, use the GET /api/v1/history endpoint with source, target, and period parameters. Supported periods are 1D (24 hours), 7D (one week), 30D (one month), and 1Y (one year). The response returns an array of timestamped rate points, ideal for building charts and trend analysis.
What is the difference between CBN rate and parallel market rate in the API data?
The CBN (Central Bank of Nigeria) rate is the official exchange rate set by the government, while the parallel market rate reflects actual street-level trading. The API returns the mid-market interbank rate sourced from Reuters, which serves as the benchmark reference point between these two rates.
Which NGN rate does the API return?
The API returns the mid-market EUR/NGN rate from Reuters (Refinitiv), which is the interbank benchmark rate with no markup. This rate may differ from what end-users receive through individual transfer services, which apply their own margins. The API rate is ideal for reference, display, and analytics purposes.
Why is the Naira exchange rate so volatile in the API data?
The Nigerian Naira has experienced volatility due to factors including oil price fluctuations, foreign currency demand, CBN policies, and the gap between official and parallel market rates. The API captures these fluctuations in real time, and the historical endpoint lets you visualize NGN rate trends over 1D, 7D, 30D, or 1Y periods.