How to send money to Nigeria from Mexico with the best MXN-NGN rate
Find money transfer deals for sending money from Mexico to Nigeria. Compare the cheapest, fastest, and most reliable providers with the best MXN to NGN exchange rates.
Read on for the best deals, expert information, and easiest ways to send money to Nigeria from Mexico.
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
"Over 15 million customers use Wise, mostly for their excellent mobile app, transparent fee structure & use of mid-market rates. Now increasingly used for larger transfers."
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Best recommended: Wise
Of the 3 money transfer providers tested and reviewed, Wise will get you the most NGN (2,718,806.41) based on our 7-day analysis.
Wise appeared in 100% of Mexico to Nigeria searches, and was the top rated company supporting MXN to NGN transfers.
How to get the best deal on sending money from Mexico to Nigeria
Always compare rates
Don't pay more than you need to. Use our live comparison tool to get an overall cost of exchange rates and fees when sending money from Mexico to Nigeria.
Choose a provider
Select the provider that offers you the best value & service for transfers between Mexico and Nigeria.
Click, sign up & send
Follow the steps & start your transfer. Your funds will soon be on their way to Nigeria.
Summary of recent searches
Considerations for sending money from Mexico to Nigeria
Always compare ways to send money from Mexico to Nigeria to get the best options for fees, speed, and reliability.
Our analysis included 3 providers that operate between Mexico and Nigeria.
Through this, you get a comprehensive view of all the options you have in Mexico when you need to send money to Nigeria.
Cheapest way to transfer money from Mexico to Nigeria: Wise
Our data shows that Wise is 0.65% cheaper than the second-best option.
The company offers an average fee of 547.66* MXN and an average exchange rate between MXN and NGN that is -0.12% different from the mid-market rate.
For a cheap way to send MXN to Nigeria, Wise is a great all round choice.
*The most common fee applied to MXN-NGN by Wise, based on data from the past 7 days.
Fastest way to send money to Nigeria from Mexico: Wise
Our comparison shows that Wise is the fastest option for sending Mexican Peso into Naira 100% of the time.
With Wise, the average transfer time is: within minutes (based on a 7-day average ).
A MXN-Naira transfer through Wise comes with an average 547.66 MXN fee.
This comparison is based on the overall speed of sending 35,000 MXN to Nigeria and is a combination of depositing Mexican Peso, transfer times to Nigeria and withdrawal timeframes, where applicable.
When speed is a priority, Wise is the top choice for sending into Nigeria from Mexico.
Send large sums of money
Wise offers the strongest all round option for large transfers of the 3 money transfer companies compared.
Whether for business or a property purchase, sending large amounts of money can be expensive if you get a bad exchange rate from Naira to Naira.
As such, opt for Wise for sending large sums of money to Nigeria from Mexico.
Pick the right payment method when sending money to Nigeria from Mexico
When sending money to Nigeria from Mexico, it is important to consider your needs and the payment method you will be using. Some payment methods can be faster but will cost more, while others might have lower fees but get you more NGN.
Below is the data from our search results from the past week. It is based on $35,000 transfer to Nigeria from Mexico.
Overall best way to send money to Nigeria from Mexico
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 1 times last week) | 78.9150 (-0.12% markup) | 547.66 | 2,718,806.41 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 78.9150 (-0.12% markup) | 547.66 | 2,718,806.41 NGN |
Debit card deposit | Paysend (appeared 1/7 times in the past 7 days) | 77.1725 (2.11% markup) | 0 | 2,701,037.95 NGN |
Cheapest money transfer companies to send money to Nigeria from Mexico
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 1 times last week) | 78.9150 (-0.12% markup) | 547.66 | 2,718,806.41 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 78.9150 (-0.12% markup) | 547.66 | 2,718,806.41 NGN |
Debit card deposit | Paysend (appeared 1/7 times in the past 7 days) | 77.1725 (2.11% markup) | 0 | 2,701,037.95 NGN |
Money transfer companies with the lowest MXN fees
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Paysend (appeared 1 times last week) | 77.1725 (2.11% markup) | 0 | 2,701,037.95 NGN |
Bank transfer deposit | Ria Money Transfer (appeared in 100% of the searches last week) | 76.6129 (2.8% markup) | 4 | 2,681,144.54 NGN |
Debit card deposit | Paysend (appeared 1/7 times in the past 7 days) | 77.1725 (2.11% markup) | 0 | 2,701,037.95 NGN |
Fastest money transfer companies to send money to Nigeria from Mexico
Funding method | Provider | FX Rate & Markup | Transfer Fee | NGN Received |
|---|---|---|---|---|
Overall best | Wise (appeared 1 times last week) | 78.9150 (-0.12% markup) | 547.66 | 2,718,806.41 NGN |
Bank transfer deposit | Wise (appeared in 100% of the searches last week) | 78.9150 (-0.12% markup) | 547.66 | 2,718,806.41 NGN |
Debit card deposit | Paysend (appeared 1/7 times in the past 7 days) | 77.1725 (2.11% markup) | 0 | 2,701,037.95 NGN |
We recommend avoiding the following companies, as they are the most expensive for transfers from Mexico to Nigeria:
Overall most expensive option: Ria Money Transfer. It will cost you $4 to send money to Nigeria, and your recipient will get 2,681,144.54 NGN.
Most expensive for bank transfer deposits: Ria Money Transfer. It will cost you $4 to send money to Nigeria, and your recipient will get 2,681,144.54 NGN.
Most expensive for debit card deposits: Paysend. It will cost you $0 to send money to Nigeria, and your recipient will get 2,701,037.95 NGN.
Understanding the cost of sending money from Mexico to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Mexico to Nigeria.
The Mid-Market and Exchange Rates: Finding a provider as close to mid-market rate as possible will ensure more Naira for your Mexican Peso. The current MXN-NGN mid-market rate is 79.2767 NGN per Mexican Peso.
This rate changes regularly so it can pay to track it. For comparison, the MXN-NGN mid-market rate for the past 7 days has averaged 79.1665 NGN per Mexican Peso, with a low of 78.8198 and a high of 79.8021.
Wise is currently offering the best exchange rate from the 3 companies compared.
Often the MXN-NGN exchange rate you pay is the biggest cost factor when transferring Mexican Pesos to Nigeria.
Fees: Money transfer fees are charged on top the exchange rate and can be set, or a percentage of the total amount of Mexican Peso you’re sending to Nigeria. Wise currently has the lowest fees for transfers into NGN at an average of 547.66 MXN over the last week. We always recommend searching for your exact send amount for an exact fee.
Amount Received: The amount received in Naira is the biggest indicator of the total cost of sending money to Nigeria from Mexico. The bigger the amount received in Nigeria, the lower the overall cost of sending from Mexico.
How to find the best exchange rate for Mexican Peso to Naira
Timing is essential for sending money between MXN and NGN. The exchange rate you secure impacts how much NGN you get for your MXN.
Let's dive into some interesting recent trends.
In the last 7 days, the exchange rate from MXN to NGN has seen some fluctuation. On average, it stood at 79.1665.
During this period, the highest value recorded was 79.8021, while the lowest was 78.8198.
Wise, which is our recommended service to send money online from Mexico to Nigeria offers an exchange rate that is only -0.12% above the mid-market rate.
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Payment methods for Mexico to Nigeria transfers
Bank transfers
Bank transfers are often the fastest option, and normally the cheapest, for sending money from Mexico to Nigeria.
By opting for a money transfer company such as Wise for transfers from Mexico to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, Wise is the cheapest provider for bank transfers from the 3 we tested when sending MXN to Nigeria.
With an average fee of MXN547.66 to send money from Mexico to Nigeria, Wise offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid card payments
Using a debit card, or prepaid option, for sending money from Mexico to Nigeria is easy with Paysend.
Paysend is a market leader in debit card payments for transfers from Mexico to Nigeria, this is among a total of 3 money transfer companies compared.
Credit card transfers
When it comes to credit card transfers from Mexico to Nigeria, we to get the best deal as not many companies offer direct credit card deposits.
Fee alert: credit card money transfers often result in a cash advance fee being charged by your card issuer. We recommend bank transfer or debit card where possible.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Mexico.
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 Mexico to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send MXN to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy and review methodology.
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