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Overall best way: Instarem
We tested & reviewed 4 transfer providers, and Instarem scored highly.
In the last six months, Instarem appeared in 84.6% of Iraq to Nigeria searches, and was the top rated company supporting payments Iraq into Naira.
So for a great mix of cost, speed & features, make your Iraq to Nigeria transfer using Instarem.
How to compare deals on Iraq to Nigeria money transfers
- Always compare rates
Don't pay more than you need to. Use our live comparison tool to ensure the best rates on money transfers from Iraq to Nigeria.
- Choose a provider
Select the provider that gives you the best value & service for your needs
- Click, sign up & send
Follow the steps & start your transfer from Iraq. Your funds will be converted to Naira and transferred to Nigeria.
Summary of recent searches
Sending money from Iraq to Nigeria considerations
A comparison of providers offering services between Iraq and Nigeria is the easiest way to ensure the best deal.
We've compared 4 providers that offer services for sending Iraqi Dinar to Nigeria.
This ensures you will get the best options for your transfer to Nigeria from Iraq.
Whilst we rate Instarem as the best overall, comparing gives you a comprehensive view of all the options for transferring money from Iraq to Nigeria.
Cheapest way to send money to Nigeria from Iraq: Wise
Data collected through our comparison over the past six months shows that Wise is 0% cheaper than the second-best option.
The cost is made up of an average fee of 0* IQD and an exchange rate for buying Naira with Iraqi Dinar that is -3.44% different to the mid-market rate.
If you want to secure the best rates on a Iraq to Nigeria transfer, Wise offers value. We would still recommend searching for the amount you want to send to Nigeria.
*The most common fee applied to IQD-NGN by Wise, based on data from the past six months.
Fastest money transfers from Iraq to Nigeria: Instarem.
Through our comparison, we found Instarem to be the fastest option to transfer money from Iraq to Naira in 83.3% of instances.
Over the last six months, sending money from Iraq to Nigeria through Instarem have an average fee of 0 IQD.
Instarem was one of 4 money transfer providers we compared for overall speed of sending money from Iraq to Nigeria. This speed test included depositing Iraqi Dinars to an account and the average timeframe for sending money to Nigeria.
When fast transfers are a priority, Instarem is our best choice for sending from Iraq to Nigeria.
Sending large amounts of money
Of the 4 companies compared, Instarem has the strongest option for large transfers from Iraq to Nigeria.
Whatever the reason, sending bigger sums of money can be costly if you get a bad exchange rate from Iraqi Dinar to Naira.
The Instarem rate makes them great for large transfers between Nigeria and Iraq.
Understanding the cost of money transfers to Nigeria from Iraq
The total cost of sending money to Nigeria from Iraq is a mix of the mid-market, exchange rates and transfer fees.
The Mid-Market and Exchange Rates: The mid-market for IQD-NGN is 1.1857 NGN per Iraqi Dinar.
Using a transfer company with an exchange rate as close to the mid-market rate as possible will result in being able to buy more Naira for your Iraqi Dinars.
The IQD-NGN mid-market rate over the last three months has seen the Iraqi Dinar worth an average 1.2293 NGN. Within this there has been a high of 1.2955, and a low of 1.1352.
From 4 companies compared, Sokin offers the strongest exchange rates.
The biggest factor in the overall cost of sending money is the exchange rate you receive on converting IQD to NGN.
Fees: When sending money there may be additional fees. Instarem offers the lowest fee of the 4 providers tested, averaging 0 IQD per transfer over the last 6 months.
Amount Received: When comparing providers, the best measure is the amount of Naira eventually received in Nigeria.
This number should allow you to determine if you are getting a good deal. A higher amount of money received in Nigeria, means a better overall cost of sending money from Iraq.
How to get the best exchange rate for Iraqi Dinar to Naira
Getting the best exchange rate essential for sending money between IQD and NGN. The exchange rate you secure impacts how much NGN you get for your IQD.
Here is how the currency has performed recently.
Over the past six months, the mid-market from IQD to NGN has been 1.2293.
During this period, the highest value was 1.2955, while the lowest was 1.1352.
Instarem, which is our recommended choice to send money online from Iraq to Nigeria offers an exchange rate that is only 2.76% above the mid-market rate.
Want to secure the best IQD-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 Iraq to Nigeria!
Paying for your Iraq to Nigeria transfer
Bank transfers
Paying via a bank transfer is often the better option for sending money from Iraq to Nigeria.
By using a money transfer company such as Wise for transfers from Iraq to Nigeria, you can send money and while benefit from lower fees and more favorable exchange rates than you would get with a traditional bank.
On average, Wise is the cheapest provider for bank transfers from the 4 we tested when sending IQD to Nigeria.
With an average fee of 10.57 IQD to send money from Iraq to Nigeria, Wise offers the best combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Iraq to Nigeria with a debit or a prepaid card is easy with Instarem.
Instarem is a one of the better options in the market for international debit card transfers from Iraq to Nigeria.
Credit cards
For credit card transfers from Iraq to Nigeria, Instarem is our top choice of the 4 companies offering this payment method.
Be aware of fees: using a credit card to transfer money can mean being charged for a cash advance by your card provider. We always recommend a bank transfer or debit card payment if it is a possibility.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Iraq.
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 Iraq to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send IQD 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
