Overall best way: Instarem
We tested & reviewed 6 transfer providers, and Instarem scored highly.
In the last six months, Instarem appeared in 66.7% of Puerto Rico to Nigeria searches, and was the top rated company supporting payments Puerto Rico into Naira.
So for a great mix of cost, speed & features, make your Puerto Rico to Nigeria transfer using Instarem.
How to get the best deal on sending money from Puerto Rico to Nigeria
Considerations for money transfers from Puerto Rico to Nigeria
Comparing providers offering services between Puerto Rico and Nigeria, based on your specific needs is the best way to send money with confidence.
Our comparison includes 6 companies that provide the ability to send US Dollar to Nigeria.
This ensures you get the best options for transfers to Nigeria from Puerto Rico, based on the amount you want to send.
Cheapest way to send money to Nigeria from Puerto Rico: 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* USD and an exchange rate for buying Naira with US Dollar that is -2.48% different to the mid-market rate.
If you want to secure the best rates on a Puerto Rico 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 USD-NGN by Wise, based on data from the past six months.
Fastest money transfers from Puerto Rico to Nigeria: Instarem.
Through our comparison, we found Instarem to be the fastest option to transfer money from Puerto Rico to Naira in 66.7% of instances.
Over the last six months, sending money from Puerto Rico to Nigeria through Instarem have an average fee of 0 USD.
Instarem was one of 6 money transfer providers we compared for overall speed of sending money from Puerto Rico to Nigeria. This speed test included depositing US Dollars 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 Puerto Rico to Nigeria.
Sending a large amount of money?
Of the 6 providers compared, Instarem is the best rated for higher transfer amounts.
Sending large amounts of money can be expensive, and while Instarem may not always be the fastest or cheapest way to send money from Puerto Rico to Nigeria, it's a great provider for things like buying or selling property.
Understanding the cost of sending money from Puerto Rico to Nigeria
Ensuring a strong combination of fees and exchange rates ensures the best deal on money transfers from Puerto Rico 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 US Dollar. The current USD-NGN mid-market rate is 1,553.5697 NGN per US Dollar.
This rate changes regularly so it can pay to track it. For comparison, the USD-NGN mid-market rate for the past three months has averaged 1,610.9539 NGN per US Dollar, with a low of 1,406.0003 and a high of 1,697.4976.
Instarem is currently offering the best exchange rate from the 6 companies compared.
Often the USD-NGN exchange rate you pay is the biggest cost factor when transferring US Dollars 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 US Dollar you’re sending to Nigeria. Instarem currently has the lowest fees for transfers into NGN at an average of 0 USD over the last 6 months. 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 Puerto Rico. The bigger the amount received in Nigeria, the lower the overall cost of sending from Puerto Rico.
Getting best exchange rate for sending US Dollar to Naira
Timing is essential when tracking the mid-market rate between USD and NGN. The end exchange rate you secure impacts how much NGN you get for your USD.
The recent mid-market rate trends are:
Over the past six months, the mid-market rate from USD to NGN was 1,610.9539.
During this period, it hit a high of 1,697.4976, and a low of 1,406.0003.
Instarem, which is our recommended service to send money online from Puerto Rico to Nigeria offers an exchange rate that is only 2.58% above the mid-market rate.
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Payment options for transfers from Puerto Rico to Nigeria
How we analyze the market
We track the cost, speed, and product offerings of the leading money transfer services available between Nigeria and Puerto Rico.
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 Puerto Rico to Nigeria.
We also provide unbiased and detailed reviews of all the top money transfer companies. You can use these reviews to send USD to NGN.
For a deeper understanding of our commitment to integrity and transparency, we invite you to read our editorial policy document.