Euro to Naira Exchange Rate Today
The Euro to Naira currency exchange and vice versa is probably the second most currency conversion in Nigeria based on volume. Of course, the dollar to naira exchange is the number one currency conversion in the country. In this article, we’ll be looking at the Euro to Naira exchange rate today in Nigeria. We have two types of exchange rates in Nigeria. The official exchange rate and the black (parallel) market rate.
Euro to Naira exchange rate today – official exchange rate
- 18/06/19 – Buy/Sell = 342/343
- 17/06/19 – Buy/Sell = 343/344
- 16/06/19 – Buy/Sell = 345/346
- 15/06/19 – Buy/Sell = 345/346
Euro to Naira exchange rate today – black market rate
- 18/06/19 – Buy/Sell = 403/404
- 17/06/19 – Buy/Sell = 402/403
- 16/06/19 – Buy/Sell = 404/405
- 15/06/19 – Buy/Sell = 405/406
Euro to Naira exchange rate – Currency Conversion
- 1 EUR = 404
- 10 EUR = 4040
- 20 EUR = 8080
- 50 EUR = 20200
- 100 EUR = 40400
- 200 EUR = 80800
- 300 EUR = 121200
- 500 EUR = 202000
- 1000 EUR = 404,000
You can see the huge margin between the official market rate and the black market rate. Make sure to bookmark this very page as we’ll updating it regularly with the latest euro to the naira exchange rate. How well do you know Euro as a currency? Why don’t you check out these facts about the currency below;
Interesting Facts about the Euro as a currency
- It is the official currency of 19 countries from the European Union. The European Union (EU) consist of 27 countries in Europe.
- The 8 EU members who don’t use the Euro are Denmark, Bulgaria, Croatia, Czech Republic, Sweden, Romania, Poland, and Hungary.
- The EURO is the second most traded and largest currency in the foreign exchange market. The first is obviously the United States Dollars.
- The name ‘euro’ was officially adopted on 16th December 1995 in Madrid, Spain.
- The euro banknotes design was created by the Austrian designer Robert Kalina.
- Notes are issued in €500, €200, €100, €50, €20, €10, €5. Each banknote is dedicated to an artistic period of European architecture and has its own colour.
- The symbol of the euro – €, is based on the Greek letter ‘epsilon’ ε. The letter was adopted with two parallel horizontal lines cutting across the middle of the alphabet.
- The first notes of Euro came into circulation in 1st January 2002. Before then, the currency was introduced as a means of electronic payment on 1st January 1999.
- Euro has coins of 1 cent, 2 cents, 5 cents, 10 cents, 20 cents, 50 cents, €1, and €2.
In order to avoid the circulation of fake coins, the Euro coins are endowed with high-security machine-readable features. The coins are made of Nordic Gold (an alloy used for making coins).