What is the Payoneer exchange rate in Nigeria?

The Payoneer exchange rate in Nigeria fluctuates based on the global foreign exchange market. Payoneer uses the mid-market rate, which is the midpoint between the buy and sell prices of two currencies in the forex market. However, Payoneer also charges a conversion fee of up to 2% above the mid-market rate. Therefore, the exact exchange rate you get will be the mid-market rate plus the conversion fee. It’s recommended to check the Payoneer platform for the most current rates.