Convert PHP to NGN — live rate

Convert Philippine Pesos to Nigerian Nairas and compare the real cost of sending money.

PHP
NGN
1 PHP = 23.3959 NGN • Mid-market rate
Updated just now
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Historical PHP/NGN exchange rate

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

Quick reference: PHP to NGN

1 PHP → 23.40 NGN
5 PHP → 116.98 NGN
10 PHP → 233.96 NGN
50 PHP → 1,169.80 NGN
100 PHP → 2,339.59 NGN
500 PHP → 11,697.95 NGN
1,000 PHP → 23,395.90 NGN
5,000 PHP → 116,979.50 NGN

Real cost of PHP → 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 PHP
Bank ~£20 lost
Specialist ~£8 lost
You save ~£12

*Estimate based on typical provider rates

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Currency snapshots

PHP — Philippine Peso
ISO Code PHP
Symbol ₱
Central Bank Central Bank of the Philippines
Common Notes ₱20, ₱50, ₱100, ₱200, ₱500, ₱1000
Learn more about PHP
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.