Fx Rates

This document helps you understand the Flutterwave transfer rates when sending money from your Flutterwave wallet to a different currency. This endpoint is particularly for Flutterwave merchants, it is not meant for checking conversation rates

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How we calculate rates

According to the parameters above, from USD to NGN returned a rate of 497. What this means is that the value of 1 USD to NGN is NGN 497.

As a result, if you want to make a transfer of $10 to a client, and you want to fund this transfer from your NGN wallet, Flutterwave will debit your NGN wallet (10 * 497) = NGN4,970.

Note that converting from NGN to USD, is not the same as converting from USD to NGN. E.g the value of 1 NGN to USD will return the rate 0.002343 depending on the rates for that day.

To get the actual Naira value of that rate, you do the math 1 / 0.002343 = NGN 426.

Hence:
USD to NGN = 497
While:
NGN to USD = 426

As at the day of writing this doc.