IEP NGN Exchange Rate

The Irish Pound to Nigerian Naira exchange rate shows how much one Irish Pound is worth in Nigerian Naira . It changes often based on things like interest rates, inflation, and global events. If the rate is , that means 1 Irish Pound equals Nigerian Nairas. When the Irish Pound gets stronger, you get more Nigerian Nairas for your Irish Pounds. When it weakens, you get less. People and businesses use these rates when trading, traveling, or sending money across countries.

As of 23-06-2025, the Irish Pound to Nigerian Naira exchange rate is approximately 1 Irish Pound = Nigerian Nairas. This means if you exchange 1 Irish Pound, you'll receive about Nigerian Nairas. Keep in mind, exchange rates can change throughout the day due to market conditions.

Yes, the Irish Pound to Nigerian Naira exchange rate changes every day. It moves based on factors like economic news, interest rates, trade, and global events. Because these factors keep shifting, the rate can go up or down throughout the day and from one day to the next. This constant change is why the exchange rate you see today might be different tomorrow.

Here’s a simple explanation of each factor affecting the Irish Pound to Nigerian Naira exchange rate. All these factors work together to push the Irish Pound Nigerian Naira exchange rate up or down.

• Interest Rates: When a country’s central bank raises interest rates, saving or investing there becomes more attractive because you earn more money. For example, if Europe’s rates go up, more people want Irish Pounds to invest, so the Irish Pound’s value rises compared to the Nigerian Naira .
• Inflation: Inflation means prices for goods and services go up. If inflation is low, the currency keeps its buying power. High inflation makes money less valuable, so a country with lower inflation usually has a stronger currency.
• Economic Performance: If Europe’s economy is doing well—lots of jobs, good business growth—investors feel confident buying Irish Pounds. That demand pushes the Irish Pound’s value higher against the Nigerian Naira .
• Political Stability: Stable governments make investors feel safe. If Europe is politically calm, more people want Irish Pounds. Political troubles or uncertainty scare investors, which can weaken the Irish Pound.
• Trade Balance: If Europe sells more goods to other countries than it buys (a trade surplus), there’s more demand for Irish Pounds because buyers need Irish Pounds to pay. This demand can raise the Irish Pound’s value.
• Market Sentiment: Traders react quickly to news, rumors, or global events. If people expect the Irish Pound to get stronger, they buy Irish Pounds now, which can actually make the Irish Pound stronger. This is why exchange rates can sometimes jump suddenly.