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Overall best choice: Instarem
We tested & reviewed dozens of money transfer providers, and Instarem scored highly.
Instarem appeared in 64.3% of Philippines to Nigeria searches, and was the top rated company out of 2 that support PHP to NGN.
So for a great mix of cost, speed & features, make your Philippines to Nigeria transfer using Instarem.
How to get the best deal on your Philippines to Nigeria transfer
Summary of recent searches
Important things to consider before sending money from Philippines to Nigeria
Don't settle for the first option. Always compare ways to send money from Philippines to Nigeria to find out about fees, speed, and reliability.
Our analysis included 2 providers that operate between Philippines and Nigeria.
Through this, you get a comprehensive view of all the options you have in Philippines when you need to send money to Nigeria.
Cheapest way to send money to Nigeria from Philippines: CurrencyFair
Data collected over the past six months shows that CurrencyFair is 0% cheaper than the second-best option.
The ₱28.48 transfer cost represents the most common fee for PHP to NGN international transfers, based on data from the past six months.
If you want to secure the best rates on a PHP to Nigeria transfer, make sure you pick CurrencyFair to send your money online.
*The most common fee applied to PHP-NGN by CurrencyFair, based on data from the past six months.
Fastest way to send money from Philippines to Nigeria: Instarem
Our data shows that Instarem came up as the fastest way to send money from Philippines to Nigeria in 64.3% of searches. This makes them well suited to urgent PHP to NGN money transfers.
The 'fastest' way to send money is defined by the overall speed of sending money from Philippines to Nigeria - this includes deposit, transfer and withdrawal timeframes and often differs per currency.
When speed matters, Instarem is your best choice at the moment. This service emerged as the quickest way to send money to Nigeria from Philippines in 64.3% of the searches on MoneyTransfers.com over the past six months.
Need to send over $10,000?
Opt for a service proven with large transfers when size matters. For transfers over $10,000, your best bet is Instarem.
While Instarem may not always be the cheapest or fastest way to send PHP from Philippines to Nigeria, it’s the provider that will keep you safe and relaxed while your money moves into NGN.
Understanding the costs involved when moving money from Philippines to Nigeria
When calculating the costs of money transfers between Philippines and Nigeria, here's what really matters:
The Mid-Market Rate: Today, the PHP-NGN mid-market rate equals to 22.633222 NGN per Philippine Peso.
The PHP-NGN average exchange rate for the past three months has been 16.884 NGN per Philippine Peso, with a high of 28.9059 and a low of 13.4668.
When looking to send money, we'd recommend Instarem. On average Instarem is 0.08% away from the average mid-market rate. Fees may be added on top, but they're still the cheapest provider on average from PHP to NGN.
How to find the best exchange rate for Philippine Peso to Naira
Timing is essential for sending money between PHP and NGN. The exchange rate you secure impacts how much NGN you get for your PHP.
Let's dive into some interesting recent trends.
Over the past six months, the exchange rate from PHP to NGN has seen some fluctuation. On average, it stood at 16.884.
During this period, the highest value recorded was 28.9059, while the lowest was 13.4668.
Instarem, which is our recommended service to send money online from Philippines to Nigeria offers an exchange rate that is only 0.08% above the mid-market rate.
Want to secure the best PHP-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 Philippines to Nigeria!
Payment methods available to fund your Philippines to Nigeria transfer
Bank transfers
Bank transfers are often the default option for sending money from Philippines to Nigeria.
By using a money transfer company such as CurrencyFair for transfers from Philippines to Nigeria, you can send money via a bank transfer while benefitting from lower fees and more favorable exchange rates.
On average, CurrencyFair is the cheapest provider for bank transfers from the 2 we tested when sending PHP to Nigeria.
With an average fee of PHP3.78 to send money from Philippines to Nigeria, CurrencyFair offers a great combination of competitive exchange rates and lower fees.
Debit and prepaid cards
Sending money from Philippines to Nigeria with a debit or a prepaid card is very simple with Instarem.
Instarem is a leader in debit card payments for transfers from Philippines to Nigeria, competing among a total of 2 active money transfer companies on this route.
Credit cards
When it comes to credit card transfers from Philippines to Nigeria, Instarem emerges as our top choice of the 2 companies offering this service.
Fee alert: using a credit card to transfer money often results in a fee being charged by your card issuer. That's why we recommend bank transfer or debit card instead.
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Philippines.
Our comparison engine and algorithms evaluate providers based on over 25 factors.
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 Philippines to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send PHP 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
