How to send money to Australia from Nigeria with the best NGN-AUD rate

A comparison of providers offering services between Nigeria and Australia, based on your specific transfer amount is the best way to send money with the confidence you’re getting the best price.

Right now, converting NGN to AUD is:

• Africhange is our recommended company for sending money to Australia from NGN. Sending 360,000 NGN to AUD will cost you ₦0 in fees, and you will receive 356,400,000 AUD. The delivery time usually is minutes, but can be longer depending when you make the transfer.

• Pesa offers the lowest cost transfers between Nigeria and Australia out of the 5 providers compared.

• Fastest money transfers option to Australia from Nigeria is via Africhange. For example, if you send 360,000 NGN with Africhange to Australia, the transfer time is minutes.

We’ve compared 5 providers that provide services for sending Naira to Australia. This ensures you will get the best options for your transfer to Australia from Nigeria.

An exchange rate determines the price you will pay when buying Australian Dollar. A better exchange rate means more money sent from Nigeria to Australia.

The current rate between the Naira and Australian Dollar is 0.0011, and it changes almost constantly.

Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Nigeria to Australia.

• The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Australian Dollar for your Naira. The current NGN-AUD mid-market rate is 0.0011 AUD per Naira.

• Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Naira you’re sending to Australia. Pesa currently is the cheapest option for transfers into AUD costing 0 NGN per transfer. We always recommend searching for your exact send amount for an exact fee.

• Amount Received: The amount received in Australian Dollar is the biggest indicator of the total cost of sending money to Australia from Nigeria. The bigger the amount received in Australia, the lower the overall cost of sending from Nigeria.

Understanding the averages, and then waiting a day or two can help you get more AUD for the same amount of Naira.

A better option is to use a forward contract that also allows you to lock in an agreed exchange rate between Nigeria and Australia.

A bank transfer is the payment method that will get you the best price on a transfer from Nigeria to Australia.

Here are all the ways to send money from Nigeria to Australia:

Bank transfers

Bank transfers are often fastest, cheapest and best way to send money from Nigeria to Australia.

Using a money transfer company such as Pesa for transfers from Nigeria to Australia, will mean being able to send money via a bank transfer while benefiting from lower fees and more favorable exchange rates. 


Debit and prepaid cards

Sending money from Nigeria to Australia with a debit card or a prepaid card is very simple with Western Union Agent.


Western Union Agent is the cheapest option for sending money with a debit card between Nigeria and Australia. This is of the 5 money transfer companies offering debit card payments on this route.

Credit cards

When it comes to credit card transfers from Nigeria to Australia, we recommend comparing your options to get the best deal.

and have different regulations and ensuring you fully understand these regulations will aid in keeping your money safe.

Our directory of worldwide financial regulators contains details on regulation for money transfers between Nigeria and Australia

Some companies offering money transfers between Nigeria and Australia have minimum or maximum thresholds on how much you can send or receive.

Rates and fees for different transfer amounts could change - that’s why it’s best to compare NGN-AUD rates for your specific transfer amount. For regular transfers to Australia, shopping around each time can make a huge difference.

For sending large amounts of NGN to Australia, we’d recommend Africhange. They offer a solid combination of rates and fees when sending from Nigeria to Australia that is the most competitive, even at larger amounts.

There are different options for receiving Australian Dollar in Australia. The most popular are direct bank deposit, cash pickup, a mobile wallet or receiving money into a multi-currency account. Not all providers offering transfers from Nigeria to Australia will offer every method for incoming Australian Dollar, so it’s best to check ahead of time.

Sending directly to a bank account is one of the most common ways to send money from Nigeria to Australia. For most part, this is because it means the recipient has to do very little.

Africhange is the best company for bank transfers between Nigeria and Australia.

Mobile wallet or P2P services and payment apps like PayPal, Xoom, and CashApp are popular because of convenience, but they come with more limitations and higher costs compared to money transfer providers like Pesa.

When sending Naira to Australia, through a money transfer company, you will need to verify your ID at the sign up stage.

The documents you need will vary and in some cases you might need a couple of options.

For the most part, ID can be verified in Nigeria through a government issued ID such as a passport or driver's license. If the recipient needs an ID to collect money in Australia it will be similar.

Large transactions between Nigeria and Australia, can be subject to additional checks such as proof of funds for anti-money laundering purposes.

One of the reasons Africhange has scored so highly for transfers to Australia is their easy sign up process in Nigeria.

As well as proof of funds, when sending large amounts of money between Nigeria and Australia.

Some transfers into Australian Dollar may need to be reported to tax authorities in Australia as well, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances will change in Australia based on age, income and a few other elements. When in doubt, please contact a tax professional in Nigeria or Australia to discuss your personal circumstances to ensure you are not missing any specific tax declarations.