1 IQD to NGN - Convert Iraqi Dinar to Nigerian Naira

Looking at the 30-day window, the IQD/NGN pair traded in a range of 1.0137 to 1.0858. The monthly average was 1.0416 with 1.81% volatility. The relatively low volatility indicates stable trading conditions for the IQD/NGN currency pair.

The current mid-market exchange rate is 1 IQD = 1.0505 NGN, updated as of July 3, 2026, 6:26 AM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Iraqi Dinar to Nigerian Naira Exchange Rate

The IQD/NGN exchange rate tells you how many Nigerian Naira (NGN) you receive for every Iraqi Dinar (IQD). At the current mid-market rate of 1 IQD = 1.0505 NGN, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

Understanding the IQD/NGN Conversion

Converting Iraqi Dinar to Nigerian Naira involves the mid-market rate, which represents the midpoint between what buyers are willing to pay and what sellers are asking. Banks and money transfer services typically add a markup of 1-4% above this rate. By checking the live mid-market rate on this page before making any conversion, you can evaluate how competitive any quoted rate truly is and avoid paying more than necessary for your currency exchange.

What Affects the IQD to NGN Rate

Exchange rates between Iraqi Dinar and Nigerian Naira are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the IQD/NGN rate fluctuates throughout trading sessions and over longer time periods.

Historical IQD/NGN Trends

The IQD/NGN exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Using the IQD/NGN Calculator

The free calculator at the top of this page converts any amount between Iraqi Dinar and Nigerian Naira instantly using live market data. Simply enter an amount in either currency to see the converted value in the other. The tool also shows a conversion table for common amounts, a historical rate chart, and the inverse NGN/IQD rate. Bookmark this page to check the rate whenever you need a quick reference for planning transfers or purchases.

Reverse Rate: NGN to IQD

The reverse exchange rate is 1 NGN = 0.951968 IQD. This is useful if you are starting with Nigerian Naira and want to know how much Iraqi Dinar you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated NGN to IQD converter for the reverse direction.