Where to exchange money in Lagos
Before you set out exploring in Lagos, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Lagos that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Where to exchange money in Lagos
Before you set out exploring in Lagos, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Lagos that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Spend abroad without hidden fees
Currency exchanges in Lagos
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Lagos.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| Currency plan 4 demand | Edificio trindade 1E 2B cave, Estr. da Ponta da Piedade, 8600-512 Lagos, Portugal | |
| Global Currency Exchange Network Ltd | Rua Jose Ventura Neto Cabrito, Lote 2, Loja G RC, 8600-774 Lagos, Portugal | +351 282 768 136 |
| Currencies Direct Lagos | Edifício Antiga Fabrica da Ribeira, Av. dos Descobrimentos Loja B, 8609-608 Lagos, Portugal | +351 289 395 739 |
| Money Gram Transfer Money exchange | R. Cândido dos Reis 79, 8600-681 Lagos, Portugal | +351 920 242 081 |
| MoneyGram | R. Cândido dos Reis 79, 8600-681 Lagos, Portugal | +351 920 242 081 |
| NovaCâmbios - Lagos | R. Gil Eanes n11, 8600-748 Lagos, Portugal | +351 282 799 448 |
| Unicâmbio Lagos - Agente Western Union - Câmbios | Lugar da Pedra Alçada - Ameijeira Verde, 8600-546 Lagos, Portugal | +351 308 809 039 |
| WESTERN UNION | R. Mendonça Pessanha 11, 8600-617 Lagos, Portugal | +351 920 428 440 |
| Western Union | Estates, Estr. da Ponta da Piedade 24 Lj C, 8600-512 Lagos, Portugal | +351 282 767 716 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Euro rate today
When you're in Lagos, and also the rest of Portugal, the official currency is the Euro.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Euro is EUR, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in Lagos
When exchanging money in Lagos or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Portugal long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Euros for a fairer rate and fees. The same applies if you get the option on card machines.
2. Know the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Portugal banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
Say goodbye to overcomplicated currency exchange
Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local account details in 9 currencies.
Other currency exchanges
Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Lagos. If you'd like more options, try searching on a search engine like Google.
Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.