What is the current MAD to NGN exchange rate?

The current mid-market exchange rate is 1 MAD = 148.2160 NGN. This rate is updated in real-time. Banks typically add a 2-3% markup, while specialist providers offer rates closer to the mid-market rate.

How can I get the best MAD to NGN rate?

To get the best rate, compare FCA-regulated money transfer specialists instead of using your bank. Specialist providers typically charge 0.3-1% vs banks' 2-3% markup. For larger amounts (£1,000+), the savings can be significant.

Is it a good time to convert MAD to NGN?

Exchange rates fluctuate constantly based on economic factors. Use our historical chart to see how the MAD/NGN rate has moved over time. For large transfers, consider setting up rate alerts or using a forward contract to lock in today's rate.

Convert MAD to NGN — live rate

Convert Moroccan Dirhams to Nigerian Nairas and compare the real cost of sending money.

You send

MAD

They receive

NGN

1 MAD = 148.2160 NGN • Mid-market rate

Updated just now

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Historical MAD/NGN exchange rate

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

Quick reference: MAD to NGN

1 MAD → 148.22 NGN

5 MAD → 741.08 NGN

10 MAD → 1,482.16 NGN

50 MAD → 7,410.80 NGN

100 MAD → 14,821.60 NGN

500 MAD → 74,108.00 NGN

1,000 MAD → 148,216.00 NGN

5,000 MAD → 741,080.00 NGN

Currency snapshots

MAD — Moroccan Dirham

ISO Code MAD

Central Bank Bank Al-Maghrib

Common Notes 20, 50, 100, 200

Learn more about MAD

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.

Convert MAD to NGN — live rate

Historical MAD/NGN exchange rate

Quick reference: MAD to NGN

Real cost of MAD → NGN

Estimated savings

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Currency snapshots