Nigerian Naira
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1 NGN = 0.001 AUD
1 AUD = 995.919 NGN
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1 NGN = 0.847 ARS
1 ARS = 1.180 NGN
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1 NGN = 1.937 BIF
1 BIF = 0.516 NGN
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1 NGN = 0.000 BHD
1 BHD = 4076.117 NGN
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1 NGN = 0.005 BOB
1 BOB = 221.608 NGN
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1 NGN = 0.001 AZN
1 AZN = 901.541 NGN
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1 NGN = 0.057 BTN
1 BTN = 17.481 NGN
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1 NGN = 0.330 CRC
1 CRC = 3.032 NGN
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1 NGN = 0.014 CZK
1 CZK = 72.892 NGN
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1 NGN = 0.005 CNY
1 CNY = 213.522 NGN
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1 NGN = 0.004 DKK
1 DKK = 239.210 NGN
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1 NGN = 0.092 ETB
1 ETB = 10.916 NGN
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1 NGN = 5.662 GNF
1 GNF = 0.177 NGN
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1 NGN = 0.004 HRK
1 HRK = 236.987 NGN
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1 NGN = 10.553 IDR
1 IDR = 0.095 NGN
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1 NGN = 0.105 JMD
1 JMD = 9.566 NGN
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1 NGN = 0.057 KGS
1 KGS = 17.542 NGN
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1 NGN = 0.001 BAM
1 BAM = 912.980 NGN
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1 NGN = 0.001 ANG
1 ANG = 850.086 NGN
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1 NGN = 0.009 BWP
1 BWP = 109.920 NGN
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1 NGN = 0.001 BND
1 BND = 1193.443 NGN
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1 NGN = 1.901 CDF
1 CDF = 0.526 NGN
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1 NGN = 0.001 BZD
1 BZD = 761.210 NGN
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1 NGN = 21.760 BYR
1 BYR = 0.046 NGN
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1 NGN = 0.001 BGN
1 BGN = 912.980 NGN
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1 NGN = 0.001 CAD
1 CAD = 1109.388 NGN
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1 NGN = 0.085 DZD
1 DZD = 11.805 NGN
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1 NGN = 0.010 ERN
1 ERN = 102.175 NGN
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1 NGN = 0.032 EGP
1 EGP = 31.732 NGN
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1 NGN = 0.001 FJD
1 FJD = 677.851 NGN
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1 NGN = 0.000 GBP
1 GBP = 2073.630 NGN
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1 NGN = 0.000 FKP
1 FKP = 2073.630 NGN
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1 NGN = 0.005 GTQ
1 GTQ = 199.786 NGN
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1 NGN = 0.005 HKD
1 HKD = 195.642 NGN
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1 NGN = 0.221 HUF
1 HUF = 4.517 NGN
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1 NGN = 0.855 IQD
1 IQD = 1.170 NGN
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1 NGN = 27.485 IRR
1 IRR = 0.036 NGN
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1 NGN = 0.276 KMF
1 KMF = 3.629 NGN
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1 NGN = 0.906 KRW
1 KRW = 1.103 NGN
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1 NGN = 0.054 ALL
1 ALL = 18.377 NGN
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1 NGN = 0.079 BDT
1 BDT = 12.611 NGN
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1 NGN = 0.001 AWG
1 AWG = 856.212 NGN
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1 NGN = 0.004 BRL
1 BRL = 283.205 NGN
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1 NGN = 0.000 BCH
1 BCH = 904734.357 NGN
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1 NGN = 0.000 BTC
1 BTC = 191577500.000 NGN
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1 NGN = 0.002 AED
1 AED = 417.323 NGN
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1 NGN = 0.599 AOA
1 AOA = 1.670 NGN
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1 NGN = 0.001 BSD
1 BSD = 1532.620 NGN
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1 NGN = 0.631 CLP
1 CLP = 1.586 NGN
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1 NGN = 0.002 BYN
1 BYN = 459.570 NGN
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1 NGN = 2.645 COP
1 COP = 0.378 NGN
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1 NGN = 0.016 CUP
1 CUP = 63.899 NGN
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1 NGN = 0.000 ETH
1 ETH = 6934932.127 NGN
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1 NGN = 0.001 EUR
1 EUR = 1785.584 NGN
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1 NGN = 0.017 HNL
1 HNL = 58.432 NGN
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1 NGN = 0.047 GMD
1 GMD = 21.077 NGN
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1 NGN = 0.000 GIP
1 GIP = 2073.630 NGN
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1 NGN = 0.085 HTG
1 HTG = 11.697 NGN
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1 NGN = 0.000 JOD
1 JOD = 2161.664 NGN
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1 NGN = 0.096 JPY
1 JPY = 10.370 NGN
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1 NGN = 0.045 AFN
1 AFN = 22.446 NGN
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1 NGN = 0.001 BBD
1 BBD = 766.310 NGN
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1 NGN = 0.001 BMD
1 BMD = 1532.620 NGN
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1 NGN = 0.249 AMD
1 AMD = 4.008 NGN
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1 NGN = 0.001 CHF
1 CHF = 1897.746 NGN
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1 NGN = 0.116 DJF
1 DJF = 8.604 NGN
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1 NGN = 0.040 DOP
1 DOP = 24.882 NGN
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1 NGN = 0.062 CVE
1 CVE = 16.193 NGN
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1 NGN = 0.002 GEL
1 GEL = 568.290 NGN
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1 NGN = 0.007 GHS
1 GHS = 143.075 NGN
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1 NGN = 0.136 GYD
1 GYD = 7.329 NGN
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1 NGN = 0.002 ILS
1 ILS = 452.982 NGN
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1 NGN = 0.057 INR
1 INR = 17.481 NGN
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1 NGN = 0.080 ISK
1 ISK = 12.468 NGN
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1 NGN = 2.615 KHR
1 KHR = 0.382 NGN
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1 NGN = 0.084 KES
1 KES = 11.858 NGN
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1 NGN = 0.000 KWD
1 KWD = 5013.477 NGN
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1 NGN = 0.352 KZT
1 KZT = 2.845 NGN
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1 NGN = 0.196 LKR
1 LKR = 5.090 NGN
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1 NGN = 0.006 MAD
1 MAD = 170.272 NGN
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1 NGN = 1.369 MMK
1 MMK = 0.730 NGN
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1 NGN = 2.348 MNT
1 MNT = 0.426 NGN
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1 NGN = 0.030 MUR
1 MUR = 33.748 NGN
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1 NGN = 0.261 MRO
1 MRO = 3.837 NGN
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1 NGN = 0.010 MVR
1 MVR = 99.205 NGN
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1 NGN = 1.133 MWK
1 MWK = 0.883 NGN
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1 NGN = 0.001 NZD
1 NZD = 907.413 NGN
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1 NGN = 0.092 NPR
1 NPR = 10.921 NGN
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1 NGN = 0.037 PHP
1 PHP = 26.876 NGN
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1 NGN = 0.185 PKR
1 PKR = 5.407 NGN
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1 NGN = 0.944 RWF
1 RWF = 1.059 NGN
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1 NGN = 0.000 LTC
1 LTC = 185704.592 NGN
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1 NGN = 0.012 MXN
1 MXN = 81.505 NGN
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1 NGN = 0.024 NIO
1 NIO = 41.648 NGN
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1 NGN = 0.003 RON
1 RON = 352.748 NGN
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1 NGN = 0.587 KPW
1 KPW = 1.703 NGN
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1 NGN = 0.001 KYD
1 KYD = 1848.178 NGN
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1 NGN = 58.486 LBP
1 LBP = 0.017 NGN
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1 NGN = 0.004 LYD
1 LYD = 282.250 NGN
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1 NGN = 14.106 LAK
1 LAK = 0.071 NGN
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1 NGN = 2.895 MGA
1 MGA = 0.345 NGN
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1 NGN = 0.131 LRD
1 LRD = 7.642 NGN
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1 NGN = 0.034 MKD
1 MKD = 29.030 NGN
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1 NGN = 0.011 LSL
1 LSL = 87.026 NGN
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1 NGN = 0.005 MOP
1 MOP = 189.944 NGN
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1 NGN = 0.011 MDL
1 MDL = 91.686 NGN
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1 NGN = 0.011 NAD
1 NAD = 87.026 NGN
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1 NGN = 0.003 MYR
1 MYR = 363.784 NGN
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1 NGN = 0.000 OMR
1 OMR = 3982.072 NGN
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1 NGN = 1.000 NGN
1 NGN = 1.000 NGN
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1 NGN = 0.003 PGK
1 PGK = 369.164 NGN
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1 NGN = 0.001 PAB
1 PAB = 1532.620 NGN
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1 NGN = 0.002 PEN
1 PEN = 429.847 NGN
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1 NGN = 0.007 NOK
1 NOK = 149.919 NGN
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1 NGN = 0.002 PLN
1 PLN = 419.023 NGN
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1 NGN = 4.893 PYG
1 PYG = 0.204 NGN
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1 NGN = 0.002 QAR
1 QAR = 421.049 NGN
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1 NGN = 0.006 SBD
1 SBD = 181.661 NGN
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1 NGN = 0.002 SAR
1 SAR = 408.699 NGN
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1 NGN = 0.001 SGD
1 SGD = 1193.443 NGN
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1 NGN = 14.821 SLL
1 SLL = 0.067 NGN
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1 NGN = 0.021 THB
1 THB = 47.207 NGN
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1 NGN = 0.020 TWD
1 TWD = 50.943 NGN
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1 NGN = 0.027 UAH
1 UAH = 36.957 NGN
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1 NGN = 2.322 UGX
1 UGX = 0.431 NGN
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1 NGN = 0.025 SRD
1 SRD = 40.734 NGN
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1 NGN = 13.886 STD
1 STD = 0.072 NGN
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1 NGN = 0.027 TRY
1 TRY = 37.515 NGN
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1 NGN = 0.004 TTD
1 TTD = 225.810 NGN
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1 NGN = 0.002 TOP
1 TOP = 637.582 NGN
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1 NGN = 8.219 UZS
1 UZS = 0.122 NGN
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1 NGN = 0.157 YER
1 YER = 6.378 NGN
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1 NGN = 0.011 ZAR
1 ZAR = 87.026 NGN
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1 NGN = 0.066 RSD
1 RSD = 15.239 NGN
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1 NGN = 0.052 RUB
1 RUB = 19.218 NGN
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1 NGN = 0.373 SOS
1 SOS = 2.682 NGN
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1 NGN = 0.006 SVC
1 SVC = 175.157 NGN
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1 NGN = 8.484 SYP
1 SYP = 0.118 NGN
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1 NGN = 0.011 SZL
1 SZL = 87.026 NGN
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1 NGN = 0.002 TND
1 TND = 531.864 NGN
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1 NGN = 0.026 UYU
1 UYU = 38.312 NGN
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1 NGN = 17.142 VND
1 VND = 0.058 NGN
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1 NGN = 0.078 VUV
1 VUV = 12.858 NGN
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1 NGN = 0.002 WST
1 WST = 554.514 NGN
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1 NGN = 0.367 XAF
1 XAF = 2.722 NGN
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1 NGN = 0.002 XCD
1 XCD = 566.295 NGN
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1 NGN = 0.009 SCR
1 SCR = 105.946 NGN
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1 NGN = 0.006 SEK
1 SEK = 159.981 NGN
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1 NGN = 0.000 SHP
1 SHP = 2073.630 NGN
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1 NGN = 1.698 TZS
1 TZS = 0.589 NGN
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1 NGN = 0.001 USD
1 USD = 1532.620 NGN
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1 NGN = 0.067 XPF
1 XPF = 14.963 NGN
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1 NGN = 0.367 XOF
1 XOF = 2.722 NGN
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Evolution of the NGN Exchange Rate
The Nigerian Naira (NGN) exchange rate has experienced significant fluctuations over time. Historically, the NGN had a fixed exchange rate regime until the early 1980s when it was weakened and allowed to float freely against other currencies. Since then, the NGN has faced several devaluations due to factors such as economic instability, oil price shocks, and inflationary pressures. In recent years, the Central Bank of Nigeria (CBN) has implemented various exchange rate policies to manage and stabilize the NGN.
Variations in the NGN Exchange Rate
The NGN exchange rate has shown high volatility, with fluctuations influenced by domestic and global economic conditions. Factors such as changes in oil prices, government policies, inflation rates, foreign direct investment inflows, and global market sentiment have all contributed to variations in the NGN exchange rate. Economic shocks, both internal and external, can significantly impact the value of the NGN and lead to rapid changes in its exchange rate.
Significance of NGN in the Global Economy
The Nigerian Naira plays an essential role in the global economy due to Nigeria's position as a significant oil producer and emerging market. As Africa's largest economy, Nigeria's economic performance and the stability of the NGN have implications beyond its borders. The NGN exchange rate affects trade, investment, and remittance flows in and out of Nigeria, making it important for both regional and international economic stability.
Shocks Experienced by NGN and Correlation with Other Currencies
The NGN has experienced various shocks throughout its history, including oil price shocks, global financial crises, and domestic economic challenges. These shocks often lead to significant depreciation of the NGN exchange rate. Furthermore, the NGN's correlation with other currencies is influenced by factors such as trade partnerships, commodity prices, and global economic conditions. The NGN has shown correlation patterns with major currencies such as the US Dollar, Euro, and British Pound, as well as with other African currencies.