How to send money to Nigeria from Denmark with the best DKK-NGN rate

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

For DKK/NGN

• Wise is our top pick for sending Danish Krone to Nigeria. For example, sending 50,000 DKK to NGN will cost you kr318.89 in fees, and you will receive 10,683,177.49 NGN.

• We would recommend Wise for low cost, affordable transfers from Nairas to Nigeria. We found that Wise is 0.08% cheaper than the second-best option. The cost is a combination of a fee of 318.89 DKK and an exchange rate for converting Danish Krone to Naira that is -2.26% different to the mid-market rate.

• Fastest way to send money to Nigeria from Denmark is with Revolut. For example, if you send 50,000 DKK with Revolut to Nigeria, the transfer time is within minutes based on our data.

Our analysis, and search results, include 5 providers that operate between Denmark and Nigeria. 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 Denmark when you need to send money to Nigeria.

The exchange rate determines the price you’ll pay for Naira when you send Danish Krone to Nigeria.

The current exchange rate between the Danish Krone and Naira is 210.2559, and it constantly fluctuates.

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

• The Mid-Market and Exchange Rates: The current DKK-NGN mid-market rate is 210.2559 NGN per Danish Krone. Finding a provider as close to this number as possible will ensure more Naira for your money.

• Fees: Transfer fees are charged on top of a transfer. Wise currently offers the lowest fees of 318.89 DKK per transfer (based on kr50,000 transfer). Although, we recommend searching for your exact send amount for an exact fee.

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

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

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

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

Bank transfers

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

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

On average, Wise is the cheapest provider for bank transfers of the 5 we tested when sending DKK to Nigeria.

Debit and prepaid cards

Sending money from Denmark to Nigeria with a debit or a prepaid card is very simple with Wise.


Wise is a leader in debit card payments for transfers from Denmark to Nigeria, competing among a total of 5 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 Denmark and Nigeria to ensure funds are protected.

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

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

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 Wise if you need to send large amounts of DKK to Nigeria. The combination of rates and fees when sending to Nigeria 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 Denmark, or entering Nigeria. Mis-understanding these could result in a slower, or even failed, transfer.

There are different ways to receive money in Nigeria. 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 Denmark to Nigeria 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 Denmark into Naira. Wise is the best company for bank transfers between Denmark and Nigeria.

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

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 Wise.

When signing up to a money transfer company to send between Denmark and Nigeria, 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 Denmark this will be a government ID like a passport or driver's license. In Nigeria it will be a similar set of documents, although this should only be needed if you are opening a new account in Nigeria, or collecting in cash.

Big transactions between Denmark and Nigeria, 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 Wise in part due to their easy sign up process in Denmark.

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

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

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