Best Time to Send Money to Nigeria for Highest Naira Rate (Morning vs Evening)
Timing matters more for US senders due to time zones - photo: Unsplash Every month I see the same question in diaspora WhatsApp groups: should you send in the morning or wait till evening to get more naira? Some people swear by early morning. Others say evening rates are better. Most of this is folklore passed around without anyone checking the actual market structure behind it. I looked into how Nigeria's exchange rate actually behaves through the day, based on how the official FX market operates, how the parallel market functions, and how remittance apps price their rates. The honest answer is more useful than "always send in the morning," and it is different depending on whether you are sending from the UK or the USA. The Short Answer: Is There Really a "Best Time"? Mostly no, in the way people think. Global currency research has never found a reliable pattern where a currency is simply "cheaper" at a fixed clock hour every single day. Excha...