Convert IQD to NGN — live rate

Convert Iraqi Dinars to Nigerian Nairas and compare the real cost of sending money.

IQD
NGN
1 IQD = 1.0424 NGN • Mid-market rate
Updated just now
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Historical IQD/NGN exchange rate

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Rates shown are indicative mid-market rates, updated regularly.

Quick reference: IQD to NGN

1 IQD → 1.04 NGN
5 IQD → 5.21 NGN
10 IQD → 10.42 NGN
50 IQD → 52.12 NGN
100 IQD → 104.24 NGN
500 IQD → 521.18 NGN
1,000 IQD → 1,042.36 NGN
5,000 IQD → 5,211.80 NGN

Real cost of IQD → NGN

Banks (typical) ~2% markup
Specialists 0.3–1% markup

The rate above is the mid-market rate. Banks and providers add their margin on top.

How we calculate costs

Estimated savings

On 1,000 IQD
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

IQD — Iraqi Dinar
ISO Code IQD
Central Bank Central Bank of Iraq
Common Notes .ع50, د.ع100, د.ع250, د.ع500, د.ع1000, د.ع5000, د.ع10000
Learn more about IQD
NGN — Nigerian Naira
ISO Code NGN
Symbol ₦
Central Bank Central Bank of Nigeria
Common Notes ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, ₦1000
Learn more about NGN

What affects this rate? Interest rate differentials, inflation expectations, and market risk sentiment are the primary drivers.