Nigerian Naira
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1 NGN = 0.001 AUD
1 AUD = 996.992 NGN
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1 NGN = 0.891 ARS
1 ARS = 1.122 NGN
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1 NGN = 1.947 BIF
1 BIF = 0.514 NGN
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1 NGN = 0.000 BHD
1 BHD = 4063.537 NGN
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1 NGN = 0.005 BOB
1 BOB = 221.408 NGN
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1 NGN = 0.001 AZN
1 AZN = 898.759 NGN
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1 NGN = 0.058 BTN
1 BTN = 17.339 NGN
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1 NGN = 0.331 CRC
1 CRC = 3.024 NGN
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1 NGN = 0.014 CZK
1 CZK = 72.823 NGN
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1 NGN = 0.005 CNY
1 CNY = 214.065 NGN
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1 NGN = 0.004 DKK
1 DKK = 238.539 NGN
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1 NGN = 0.093 ETB
1 ETB = 10.707 NGN
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1 NGN = 5.674 GNF
1 GNF = 0.176 NGN
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1 NGN = 0.004 HRK
1 HRK = 236.318 NGN
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1 NGN = 10.752 IDR
1 IDR = 0.093 NGN
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1 NGN = 0.105 JMD
1 JMD = 9.568 NGN
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1 NGN = 0.057 KGS
1 KGS = 17.481 NGN
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1 NGN = 0.001 BAM
1 BAM = 910.380 NGN
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1 NGN = 0.001 ANG
1 ANG = 848.922 NGN
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1 NGN = 0.009 BWP
1 BWP = 112.560 NGN
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1 NGN = 0.001 BND
1 BND = 1185.422 NGN
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1 NGN = 1.903 CDF
1 CDF = 0.525 NGN
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1 NGN = 0.001 BZD
1 BZD = 759.238 NGN
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1 NGN = 22.089 BYR
1 BYR = 0.045 NGN
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1 NGN = 0.001 BGN
1 BGN = 910.380 NGN
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1 NGN = 0.001 CAD
1 CAD = 1106.285 NGN
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1 NGN = 0.085 DZD
1 DZD = 11.763 NGN
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1 NGN = 0.010 ERN
1 ERN = 101.859 NGN
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1 NGN = 0.032 EGP
1 EGP = 31.467 NGN
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1 NGN = 0.001 FJD
1 FJD = 672.516 NGN
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1 NGN = 0.000 GBP
1 GBP = 2054.140 NGN
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1 NGN = 0.000 FKP
1 FKP = 2054.140 NGN
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1 NGN = 0.005 GTQ
1 GTQ = 199.305 NGN
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1 NGN = 0.005 HKD
1 HKD = 195.936 NGN
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1 NGN = 0.221 HUF
1 HUF = 4.518 NGN
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1 NGN = 0.857 IQD
1 IQD = 1.166 NGN
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1 NGN = 27.555 IRR
1 IRR = 0.036 NGN
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1 NGN = 0.276 KMF
1 KMF = 3.619 NGN
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1 NGN = 0.912 KRW
1 KRW = 1.097 NGN
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1 NGN = 0.055 ALL
1 ALL = 18.301 NGN
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1 NGN = 0.080 BDT
1 BDT = 12.563 NGN
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1 NGN = 0.001 AWG
1 AWG = 853.570 NGN
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1 NGN = 0.004 BRL
1 BRL = 280.018 NGN
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1 NGN = 0.000 BCH
1 BCH = 895597.890 NGN
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1 NGN = 0.000 BTC
1 BTC = 169765555.556 NGN
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1 NGN = 0.002 AED
1 AED = 416.035 NGN
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1 NGN = 0.603 AOA
1 AOA = 1.659 NGN
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1 NGN = 0.001 BSD
1 BSD = 1527.890 NGN
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1 NGN = 0.634 CLP
1 CLP = 1.578 NGN
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1 NGN = 0.002 BYN
1 BYN = 452.708 NGN
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1 NGN = 2.621 COP
1 COP = 0.382 NGN
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1 NGN = 0.016 CUP
1 CUP = 63.731 NGN
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1 NGN = 0.000 ETH
1 ETH = 6730792.952 NGN
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1 NGN = 0.001 EUR
1 EUR = 1780.529 NGN
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1 NGN = 0.017 HNL
1 HNL = 58.290 NGN
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1 NGN = 0.047 GMD
1 GMD = 21.231 NGN
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1 NGN = 0.000 GIP
1 GIP = 2054.140 NGN
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1 NGN = 0.086 HTG
1 HTG = 11.692 NGN
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1 NGN = 0.000 JOD
1 JOD = 2154.993 NGN
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1 NGN = 0.097 JPY
1 JPY = 10.298 NGN
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1 NGN = 0.045 AFN
1 AFN = 22.352 NGN
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1 NGN = 0.001 BBD
1 BBD = 763.945 NGN
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1 NGN = 0.001 BMD
1 BMD = 1527.890 NGN
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1 NGN = 0.249 AMD
1 AMD = 4.012 NGN
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1 NGN = 0.001 CHF
1 CHF = 1898.047 NGN
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1 NGN = 0.116 DJF
1 DJF = 8.584 NGN
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1 NGN = 0.041 DOP
1 DOP = 24.138 NGN
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1 NGN = 0.062 CVE
1 CVE = 16.147 NGN
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1 NGN = 0.002 GEL
1 GEL = 567.082 NGN
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1 NGN = 0.008 GHS
1 GHS = 127.420 NGN
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1 NGN = 0.137 GYD
1 GYD = 7.313 NGN
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1 NGN = 0.002 ILS
1 ILS = 453.973 NGN
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1 NGN = 0.058 INR
1 INR = 17.339 NGN
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1 NGN = 0.081 ISK
1 ISK = 12.399 NGN
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1 NGN = 2.621 KHR
1 KHR = 0.382 NGN
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1 NGN = 0.085 KES
1 KES = 11.823 NGN
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1 NGN = 0.000 KWD
1 KWD = 4995.717 NGN
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1 NGN = 0.354 KZT
1 KZT = 2.828 NGN
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1 NGN = 0.198 LKR
1 LKR = 5.062 NGN
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1 NGN = 0.006 MAD
1 MAD = 167.992 NGN
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1 NGN = 1.374 MMK
1 MMK = 0.728 NGN
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1 NGN = 2.354 MNT
1 MNT = 0.425 NGN
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1 NGN = 0.030 MUR
1 MUR = 33.132 NGN
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1 NGN = 0.261 MRO
1 MRO = 3.825 NGN
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1 NGN = 0.010 MVR
1 MVR = 98.925 NGN
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1 NGN = 1.137 MWK
1 MWK = 0.880 NGN
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1 NGN = 0.001 NZD
1 NZD = 896.176 NGN
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1 NGN = 0.092 NPR
1 NPR = 10.831 NGN
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1 NGN = 0.037 PHP
1 PHP = 26.765 NGN
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1 NGN = 0.185 PKR
1 PKR = 5.407 NGN
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1 NGN = 0.947 RWF
1 RWF = 1.056 NGN
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1 NGN = 0.000 LTC
1 LTC = 170485.383 NGN
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1 NGN = 0.012 MXN
1 MXN = 81.518 NGN
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1 NGN = 0.024 NIO
1 NIO = 41.531 NGN
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1 NGN = 0.003 RON
1 RON = 350.691 NGN
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1 NGN = 0.589 KPW
1 KPW = 1.698 NGN
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1 NGN = 0.001 KYD
1 KYD = 1837.864 NGN
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1 NGN = 58.740 LBP
1 LBP = 0.017 NGN
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1 NGN = 0.004 LYD
1 LYD = 281.971 NGN
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1 NGN = 14.187 LAK
1 LAK = 0.070 NGN
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1 NGN = 2.921 MGA
1 MGA = 0.342 NGN
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1 NGN = 0.132 LRD
1 LRD = 7.602 NGN
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1 NGN = 0.035 MKD
1 MKD = 28.964 NGN
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1 NGN = 0.012 LSL
1 LSL = 86.030 NGN
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1 NGN = 0.005 MOP
1 MOP = 190.230 NGN
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1 NGN = 0.011 MDL
1 MDL = 91.611 NGN
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1 NGN = 0.012 NAD
1 NAD = 86.030 NGN
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1 NGN = 0.003 MYR
1 MYR = 361.144 NGN
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1 NGN = 0.000 OMR
1 OMR = 3969.886 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 = 361.195 NGN
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1 NGN = 0.001 PAB
1 PAB = 1527.890 NGN
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1 NGN = 0.002 PEN
1 PEN = 432.585 NGN
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1 NGN = 0.007 NOK
1 NOK = 151.486 NGN
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1 NGN = 0.002 PLN
1 PLN = 418.543 NGN
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1 NGN = 4.724 PYG
1 PYG = 0.212 NGN
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1 NGN = 0.002 QAR
1 QAR = 419.750 NGN
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1 NGN = 0.006 SBD
1 SBD = 179.767 NGN
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1 NGN = 0.002 SAR
1 SAR = 407.437 NGN
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1 NGN = 0.001 SGD
1 SGD = 1185.422 NGN
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1 NGN = 14.896 SLL
1 SLL = 0.067 NGN
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1 NGN = 0.021 THB
1 THB = 47.275 NGN
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1 NGN = 0.020 TWD
1 TWD = 49.793 NGN
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1 NGN = 0.027 UAH
1 UAH = 36.937 NGN
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1 NGN = 2.309 UGX
1 UGX = 0.433 NGN
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1 NGN = 0.025 SRD
1 SRD = 39.293 NGN
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1 NGN = 13.896 STD
1 STD = 0.072 NGN
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1 NGN = 0.027 TRY
1 TRY = 37.117 NGN
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1 NGN = 0.004 TTD
1 TTD = 225.436 NGN
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1 NGN = 0.002 TOP
1 TOP = 634.400 NGN
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1 NGN = 8.120 UZS
1 UZS = 0.123 NGN
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1 NGN = 0.157 YER
1 YER = 6.362 NGN
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1 NGN = 0.012 ZAR
1 ZAR = 86.030 NGN
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1 NGN = 0.066 RSD
1 RSD = 15.195 NGN
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1 NGN = 0.053 RUB
1 RUB = 18.812 NGN
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1 NGN = 0.374 SOS
1 SOS = 2.676 NGN
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1 NGN = 0.006 SVC
1 SVC = 174.616 NGN
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1 NGN = 8.510 SYP
1 SYP = 0.118 NGN
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1 NGN = 0.012 SZL
1 SZL = 86.030 NGN
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1 NGN = 0.002 TND
1 TND = 523.968 NGN
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1 NGN = 0.026 UYU
1 UYU = 38.227 NGN
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1 NGN = 17.263 VND
1 VND = 0.058 NGN
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1 NGN = 0.078 VUV
1 VUV = 12.756 NGN
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1 NGN = 0.002 WST
1 WST = 552.183 NGN
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1 NGN = 0.368 XAF
1 XAF = 2.714 NGN
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1 NGN = 0.002 XCD
1 XCD = 564.464 NGN
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1 NGN = 0.010 SCR
1 SCR = 103.166 NGN
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1 NGN = 0.006 SEK
1 SEK = 161.681 NGN
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1 NGN = 0.000 SHP
1 SHP = 2054.140 NGN
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1 NGN = 1.636 TZS
1 TZS = 0.611 NGN
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1 NGN = 0.001 USD
1 USD = 1527.890 NGN
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1 NGN = 0.067 XPF
1 XPF = 14.921 NGN
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1 NGN = 0.368 XOF
1 XOF = 2.714 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.