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Exchange Rates and Currency Conversion on Pouchers

Learn how to convert Naira to USD and USD to Naira on Pouchers, understand exchange rates and conversion fees, and review the applicable transaction and monthly limits.

Written by Ibukunoluwa Kohode

Converting currencies on Pouchers allows you to exchange Naira for USD and USD for Naira directly from your wallet.

Before confirming a conversion, review the applicable exchange rate and ensure you have sufficient funds.

How to Convert Naira to USD

  1. Log in to your Pouchers account.

  2. From your dashboard, tap the Convert icon.

  3. Enter the amount in Naira you want to convert.

  4. Review the displayed exchange rate and the USD amount you will receive.

  5. Tap Continue.

  6. Review the transaction details and confirm the conversion.

  7. Enter your transaction PIN to authorize the transaction.

Once the conversion is completed, the converted amount will reflect in your USD wallet.

How to Convert USD to Naira

  1. Log in to your Pouchers account.

  2. From your dashboard, tap the Convert icon.

  3. Enter the amount in USD you want to convert to Naira.

  4. Review the displayed exchange rate and the Naira amount you will receive.

  5. Tap Continue.

  6. Review the transaction details and confirm the conversion.

  7. Enter your transaction PIN to authorize the transaction.

Once the conversion is completed, the converted amount will reflect in your Naira wallet.

Understanding Exchange Rates on Pouchers

Pouchers displays the applicable buy and sell rates for supported currency pairs. These rates are refreshed periodically and may change.

You can view the exchange rates displayed on your home screen and on the conversion page. Always review the rate shown for your transaction before confirming.

Currency Conversion Fees and Limits

  • Conversion fee: ₦0 / $0. Pouchers does not charge a separate currency conversion fee; the exchange rate is the cost of conversion.

  • Minimum conversion amount: $20 per transaction.

  • Maximum conversion amount: $5,000 per transaction.

  • Monthly conversion limit: $20,000 per user.

The exchange rate determines how much you receive in the currency you are converting to. Review the rate and the transaction details before confirming.

Things to Note

  • Ensure you have sufficient funds in the wallet you are converting from.

  • Always review the exchange rate and the amount you will receive before confirming.

  • Keep your transaction PIN secure.

Need Help?

If you experience any issues with currency conversion, contact our support team through any of these channels:

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