.svg)
In our experience, there are always efficiencies to be made in how businesses manage international payments in and out.
Why not take our free FX health check test to see how effective your business is in managing these. It only takes a couple of minutes.
How to send money from Ethiopia to Nigeria
Sending money from Ethiopia to Nigeria doesn’t have a huge amount of options. Because of this, we would recommend sending money via:
How to get the best deal on sending money from Ethiopia to Nigeria
- Always compare rates
Don't pay more than you have to. Use our live comparison tool to make sure you aren't missing the best rates to send money from Ethiopia to Nigeria.
- Choose a provider
Select the provider that offers you the best value on buying NGN & service for your needs.
- Click, sign up & send
Follow the steps & make your transfer. Your funds will soon be on their way to your chosen country & currency.
Sending money from Ethiopia to Nigeria: key insights and tips
Don't settle for the first option. Always compare ways to send money from Ethiopia to Nigeria to find out about fees, speed, and reliability.
Your analysis should include all the providers that operate between Ethiopia and Nigeria. Through this, you get a comprehensive view of all the options you have in Ethiopia when you need to send money to Nigeria.
Cheapest way to send money from Ethiopia to Nigeria
Without any money transfer providers serving the Ethiopia to Nigeria route, the cheapest money transfer options are limited.
We would recommend using:
Understanding the costs involved when moving money from Ethiopia to Nigeria
When calculating the costs of money transfers between Ethiopia and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the ETB-NGN mid-market rate equals to 11.4724. Keep in mind that this rate fluctuates all the time.
The ETB-NGN average exchange rate of the past week has been 12.3789, with a highest of 13.9699 and a lowest of 11.5737.
Fees and Markups: When you pick a service with competitive exchange rates and low fees, you get to make the most out of your ETB to NGN transfers. This strategy keeps your costs down, offering a smart way to handle your international transactions.
Getting best exchange rate for transfers between Ethiopian Birr and Naira
Timing is essential for transferring money between ETB and NGN. The exchange rate you secure impacts how much NGN you get for your ETB.
The recent trends between the currencies are:
Over the past 7 days, the mid-market rate from ETB to NGN has moved slightly. On average, it was 12.3789.
During this same period,there was a high of 13.9699, and a low of 11.5737.
Wise, which is our recommended service to send money online from Ethiopia to Nigeria offers an exchange rate that is only -0.64% above the mid-market rate.
Want to secure the best ETB-Naira exchange rates?
Sign up for our rate alerts and we'll tell you when it's the best time to move your money from Ethiopia to Nigeria!
What payment methods are available when sending money from Ethiopia to Nigeria?
Sending bank transfers from Ethiopia to Nigeria
Bank transfers are the most common way of sending ETB to Nigeria as they are secure, reliable, and convenient.
If you want to send Ethiopian Birrs to Nigeria via bank transfer, you can use your bank where no provider is available, but it will likely be at a bad exchange rate.
Sending money from Ethiopia to Nigeria by credit card
Credit card payments are quick, convenient, and typically more secure than other methods, thanks to backing by the issuing party. Some users may even be able to rack up reward points when making large transactions.
If you want to send Ethiopian Birrs to Nigeria with a credit card.
Note: Beware of chargesCredit card payments are often classified as cash advances, which bring their own charges, as well as currency conversion and usage fees. Forgetting to pay your balance can also result in high interest charges, and can even damage your credit score.
Sending money from Ethiopia to Nigeria by payment apps
If you’d like to send money from Ethiopia to Nigeria via payment app, follow these steps:
Download the app and register. Download the app from the App Store or Google Play. You’ll need to register to be able to open an account. Make sure the app services transfers from Ethiopia to Nigeria.
Enter your details. Enter any of the details required. You may need a valid form of ID.
Start your transfer. Enter the details of your recipient. Some apps will require full payment details, while others allow you to pay with just an email address. You may need to state that you’re planning to send money to Nigeria in Naira at this stage.
Check the details. It’s vital that you check the details you’ve added to make sure everything is correct. It can be very difficult to reverse a transfer, and most payment apps don’t let you cancel a transfer from Ethiopia to Nigeria after it’s been sent.
Send the money. Your app will probably charge a fee for the transfer. They may also add a markup to the ETB to NGN exchange rate. Check the rate they’re offering against the mid-market rate to make sure you’re getting a good deal.
The current mid-market rate of ETB to NGN is 11.4724
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Ethiopia.
Our comparison engine and algorithms evaluate providers based on over 25 factors, including transfer fees, ease of use, exchange rates, mobile apps, transfer times & customer support.
We also consider how these services are rated on platforms like TrustPilot, AppStore, and Google Play, giving you a comprehensive view of what to expect.
This thorough analysis helps you get the best available deal - every time you want to move money from Ethiopia to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send ETB to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.
Money transfer company reviews
