Send money from Sweden to Nigeria

Highest remittance rate for converting 1 SEK to NGN = 43.55

Best way to send money from Sweden to Nigeria

Technology has made it much easier to send money from Sweden to Nigeria but not everyone enjoys a seamless transfer. That is because they never take their time to research or fetch for reviews about the various available transfer options around them. Exchange Rate IQ, gives the people who are looking for the best way to send money from Sweden to Nigeria an easy time. Our platform is a one-stop point for all you need about international money transfer including some of the most reliable choices to go with according to user reviews.

Many people are stuck between options when it comes to sending money from Sweden to Nigeria because of the many available and confusing options. Thanks to Exchange Rate IQ however, you can quickly select a suitable money transfer service and learn how services like XE Money can make life easier for you.

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Country Guide - Nigeria

45.16

Mid Market Rate

SEND NOW

45.16

Mid Market Rate

SEND NOW

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Sort By:
BEST VALUE FASTEST
Pay-In
Pay-Out
You Pay (Includes Fee kr 13.65) kr 500
Receiving Amount
₦ 22367.1392
Realized Exchange Rate
43.55
transferwise SEK to NGN Exchange Rate
45.9898
Best Value

SEND NOW

Transfer Time : 3-5 Days
Transferwise is a one of the safest & leading money transfer service provider for sending money from Sweden to Nigeria for sending amount 500. Today’s Transferwise exchange rate for sending money from SEK to NGN is 45.9898 with a kr 13.65 fee. Based on the Exchange Rate IQ calculations it offers the Best Value for your money transfer. The realized exchange rate after considering the fees is 43.55. The pay in options available are Bank, Creditcard, Debitcard, also you can receive money using Bank, at multiple Transferwise partner locations. The transfer time usually range between 3-5 Days. For more detailed review of Transferwise click here

More Available Options

You can check rates of some more providers that may support your country
There are more than 200 countries you can send to using MoneyGram. Fees vary depending on where you are sending, how much, and how you are paying
With Xendpay you get the best deal and make a big difference with every transfer
WorldRemit is an online money transfer service that provides international remittance services to expatriates and migrant workers
<p>Trusted by millions for every kind of online global payment, Skrill now makes payments simple, secure and quick in nearly 200 countries and 40 currencies.</p>
Western Union is an American financial services company which offer money remittance to more than 200 countries across the globe.

SEK to NGN - Best Money Transfer Service Review Summary

  • Which is the best option available to send money from Sweden to Nigeria after comparison?
  • With our real-time comparison on sending money from Sweden to Nigeria ,
      we have found Transferwise remittance services who are providing competitive exchange rates.
  • Top 1 companies are - ( Transferwise, 43.55 ) .
  • To remit money in the bank account of Nigeria, best companies is ( Transferwise, 43.55 ).
  • Current money transfer offeres/promotions are available with money transfer services.
  • For quick money transfer from Sweden to Nigeria with agent service is Transferwise with exchange rate 43.55.
  • Available pay in when sending money from Sweden to Nigeria Bank, Creditcard, Debitcard.
  • Available pay out when sending money from Sweden to Nigeria Bank.
  • Other options to transfer money from Sweden to Nigeria are Moneygram, Xendpay, Worldremit, Skrill, Westernunion .
  • The comparison result was last updated on Feb 27, 2021.
  • For the latest comparison result of Sweden to Nigeria, Please visit ExchangeRate IQ regularly.

About Sweden and Nigeria

Remittance reports show that the number of migrants who send money from Sweden to Nigeria has increased over the years. That means, that the amount of money crossing from Sweden to Nigeria has been on the rise as well. It is however good to know that money transfer between these two countries is not any new activity. Adding to the list of people who need a convenient way to send money to Nigeria from Sweden are people who have outsourced freelancing services from Nigeria. Remember that Nigeria is one of the African countries with high computer literacy.

Cheap way to send money from Sweden to Nigeria

When it comes to the meaning of cheap in money transfer, you should know that it can be in terms of cost or time. Some of the cheap ways to send money from Sweden to Nigeria include;

Bank transfer: for a very long time, bank transfers have been helping people to send money across borders. You can today use these services and enjoy more convenience thanks to mobile banking. When using bank transfer to send money from Sweden to Nigeria, you need to take a lot of interest in the exchange rates if you want to spend less. You should also confirm how much the receiver will get because some banks will charge receivers when withdrawing the cash. Note that bank transfers take between one day and a week to clear depending on your bank.

Cash delivery: you can send money from Sweden to Nigeria instantly without giving up whatever you were doing. Cash delivery services allow you to send money to be picked up at an assigned location. Considered one of the fastest ways to send money from Sweden to Nigeria, cash delivery services are quite expensive if compared with online money transfers. They also take care of converting the currency from SEK to NGN using the exchange rates provided by the stock trade market. In the past, one had to visit the agents’ location in order to initiate their transfer, something that is not necessary today. Through their apps and online platforms like the Western Union App by Western Union, everything is simplified. MoneyGram is yet another alternative.

Online cash transfer: online money transfer is one of the cheapest ways to send money from Sweden to Nigeria. You can send money for free with this option as offered by services like XE Money. The competitive nature of this industry allows it to offer the best rates in the market and you can find some services that will make it cheaper to send large amounts. It is also good to know that some online money transfer services can allow you to send money directly from your bank account, giving you more control over your money. One of the biggest challenges with online money transfer is that there are so many service providers. Always make sure to use one that is available in both countries. Also, use platforms such as ERIQ to confirm your choice before proceeding. Some of the most used online money transfer services to complete Sweden to Nigeria transfers include; TransferWise, Ria, XE Money, and WorldRemit

Factors to consider when sending money from Sweden to Nigeria

As easy as it may sound, you may not be able to successfully send money to Nigeria from Sweden if you don’t do the following;

Exchange rates: you need to understand how the exchange rates work if you want to send money internationally. That is the only way to know how much the receiver will get. If the receiver is expecting 500 Nairas, you are not supposed to send 500SDE

Transfer time: Knowing how long your transaction should take will help you to track your money to know if it has reached or delayed. It will also help you to know which transfer service will suit your need for example if you need to make an emergency transfer.

Transfer charges: some transfer agents impose hidden charges during transfers while others will charge you according to how much you need to transfer. There are many more ways through which these companies can implement charges. You need to confirm all these details to find which service suits your budget.

Historical Mid Market Exchange Rate From Sweden Krona (SEK) to Nigeria Naira (NGN) (Weekly)

Current Exchange Rate(Mid Market) :- 45.16 NGN/SEK

Mid-market Rate is a currency exchange rate. Usually traders in currency exchange market have two exchange rates -
  • Selling exchange rate - at which sellers are willing to sell a particular currency and
  • Buying exchange rate - at which buyers are willing to buy a particular currency.
Mid-market rate is the mid-point of these two rates. This is the most transparent and the most accurate exchange rate. It is also known as “Interbank Rate” or “Spot Rate” or “Real Exchange Rate”. This is the rate which independent sources like Reuter, Google etc show.

Compare Currency Conversion SEK To NGN

Send Sweden Krona To NIGERIA Receive Nigeria Naira
1 SEK TO NGN 45.16
50 SEK TO NGN 2258
100 SEK TO NGN 4516
250 SEK TO NGN 11290
500 SEK TO NGN 22580
1000 SEK TO NGN 45160
5000 SEK TO NGN 225800
10000 SEK TO NGN 451600
Send Nigeria Naira Receive Sweden Krona From NIGERIA
1 NGN FROM SEK --
50 NGN FROM SEK --
100 NGN FROM SEK --
250 NGN FROM SEK --
500 NGN FROM SEK --
1000 NGN FROM SEK --
5000 NGN FROM SEK --
10000 NGN FROM SEK --

Click To Compare Money Transfer Services For The Following

Best Money Transfer Rate SEK to NGN

Company Name Live Exchange Rate
XE Money Transfer ₦ 45.16
Transferwise ₦ 45.99
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