How to send money to Indonesia from Nigeria with the best NGN-IDR rate

Comparing based on your specific needs is the best way to send money from Nigeria to Indonesia with confidence.

For NGN/IDR

• Western Union Agent is our top pick for sending Naira to Indonesia. For example, sending 360,000 NGN to IDR will cost you ₦10800 in fees, and you will receive 4,238,693.55 IDR.

• We would recommend MoneyGram Agent for low cost, affordable transfers from Rupiahs to Indonesia. We found that MoneyGram Agent is 0% cheaper than the second-best option. The cost is a combination of a fee of 14400 NGN and an exchange rate for converting Naira to Rupiah that is 6% different to the mid-market rate.

• Fastest way to send money to Indonesia from Nigeria is with PayPal App (P2P Transfer). For example, if you send 360,000 NGN with PayPal App (P2P Transfer) to Indonesia, the transfer time is minutes based on our data.

Our analysis, and search results, include 3 providers that operate between Nigeria and Indonesia. These are ranked by speed, overall cost and ease of use.

Through this, you get a comprehensive view of all the options you have in Nigeria when you need to send money to Indonesia.

The exchange rate determines the price you’ll pay for Rupiah when you send Naira to Indonesia.

The current exchange rate between the Naira and Rupiah is 13.0896, and it constantly fluctuates.

When calculating the cost of sending money from Nigeria to Indonesia, a combination of fees and exchange rates ensure the best deal:

• The Mid-Market and Exchange Rates: The current NGN-IDR mid-market rate is 13.0896 IDR per Naira. Finding a provider as close to this number as possible will ensure more Rupiah for your money.

• Fees: Transfer fees are charged on top of a transfer. MoneyGram Agent currently offers the lowest fees of 14400 NGN per transfer (based on ₦360,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

• Amount Received: The total amount received in Rupiah is the biggest indicator in the total cost of sending money to Nigeria from Indonesia. The higher the total amount received in Indonesia, the lower the cost of sending from Nigeria.

It’s possible that waiting a day or two can help you get more IDR for the same amount of Naira. But, the best way to lock in a price between Nigeria and Indonesia is by using a forward contract.

A bank transfer is our recommended option for money transfers between Nigeria and Indonesia. MoneyGram Agent offers the best price on a bank transfer.

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

Bank transfers

Bank transfers are often the best payment method for money transfers from Nigeria to Indonesia.

A money transfer company like MoneyGram Agent offer bank transfers between Nigeria and Indonesia with lower fees and better exchange rates than you would get from a traditional bank.

On average, MoneyGram Agent is the cheapest provider for bank transfers of the 3 we tested when sending NGN to Indonesia.

Debit and prepaid cards

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


Western Union Agent is a leader in debit card payments for transfers from Nigeria to Indonesia, competing among a total of 3 active money transfer companies on this route.

Credit cards

We recommend avoiding credit cards where possible due to a lack of support and high fees.

If you have to use a credit card, we recommend comparing your options to find the company with the lowest fees.

Always choose providers that are regulated by financial authorities in both Nigeria and Indonesia to ensure funds are protected.

Please refer to our directory of financial regulators worldwide for key regulatory bodies for money transfers between Nigeria and Indonesia.

Some services have minimum or maximum thresholds on how much you can transfer from Nigeria to Indonesia.

Companies will offer different rates and fees for different transfer amounts. Some companies will become more expensive after certain thresholds are hit.

We’d recommend using Western Union Agent if you need to send large amounts of NGN to Indonesia. The combination of rates and fees when sending to Indonesia is the most competitive, even at larger amounts.

Also, always check with the recipient and understand any declarations needed on large amounts of money leaving Nigeria, or entering Indonesia. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Indonesia. You can do a direct bank deposit, cash pickup, use a mobile wallet or receive money into a multi-currency account. It’s likely not all providers serving transfers from Nigeria to Indonesia will offer every method, so it’s best to check ahead of time.

A direct transfer to a bank account is one of the more common ways to transfer from Nigeria into Rupiah. Western Union Agent is the best company for bank transfers between Nigeria and Indonesia.

And if you need cash right away, check if cash pickup is an option for transfers between Nigeria and Indonesia.

Mobile wallet services and payment apps like PayPal, Xoom, and CashApp are popular too, but they come with more limitations and higher costs compared to money transfer providers like MoneyGram Agent.

When signing up to a money transfer company to send between Nigeria and Indonesia, you will need to verify your ID.

The exact documents you need might vary and in some cases you will need more than one.

For the most part, in Nigeria this will be a government ID like a passport or driver's license. In Indonesia it will be a similar set of documents, although this should only be needed if you are opening a new account in Indonesia, or collecting in cash.

Big transactions between Nigeria and Indonesia, are subject to additional checks. A provider may ask you for proof of address or may want to know where the money comes from.

We recommend Western Union Agent in part due to their easy sign up process in Nigeria.

When sending large amounts of money between Nigeria and Indonesia there will be tax implications to consider.

Some transfers into Rupiah may need to be reported to tax authorities in Indonesia, particularly where inheritance or property purchases are involved.

Tax limits and personal allowances differ in Indonesia based on age, income and a few other elements. When in doubt, please contact a tax professional in Nigeria or Indonesia to discuss your personal circumstances.