Nigerian Naira
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1 NGN = 0.001 AUD
1 AUD = 1010.694 NGN
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1 NGN = 0.822 ARS
1 ARS = 1.216 NGN
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1 NGN = 1.946 BIF
1 BIF = 0.514 NGN
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1 NGN = 0.000 BHD
1 BHD = 4071.809 NGN
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1 NGN = 0.005 BOB
1 BOB = 221.746 NGN
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1 NGN = 0.001 AZN
1 AZN = 900.588 NGN
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1 NGN = 0.056 BTN
1 BTN = 17.721 NGN
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1 NGN = 0.330 CRC
1 CRC = 3.033 NGN
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1 NGN = 0.014 CZK
1 CZK = 73.317 NGN
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1 NGN = 0.005 CNY
1 CNY = 213.821 NGN
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1 NGN = 0.004 DKK
1 DKK = 241.502 NGN
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1 NGN = 0.089 ETB
1 ETB = 11.174 NGN
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1 NGN = 5.666 GNF
1 GNF = 0.176 NGN
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1 NGN = 0.004 HRK
1 HRK = 239.245 NGN
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1 NGN = 10.633 IDR
1 IDR = 0.094 NGN
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1 NGN = 0.105 JMD
1 JMD = 9.558 NGN
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1 NGN = 0.057 KGS
1 KGS = 17.503 NGN
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1 NGN = 0.001 BAM
1 BAM = 921.623 NGN
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1 NGN = 0.001 ANG
1 ANG = 850.178 NGN
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1 NGN = 0.009 BWP
1 BWP = 111.071 NGN
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1 NGN = 0.001 BND
1 BND = 1199.467 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 = 760.934 NGN
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1 NGN = 21.390 BYR
1 BYR = 0.047 NGN
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1 NGN = 0.001 BGN
1 BGN = 921.623 NGN
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1 NGN = 0.001 CAD
1 CAD = 1125.239 NGN
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1 NGN = 0.085 DZD
1 DZD = 11.809 NGN
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1 NGN = 0.010 ERN
1 ERN = 102.067 NGN
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1 NGN = 0.032 EGP
1 EGP = 31.188 NGN
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1 NGN = 0.001 FJD
1 FJD = 683.848 NGN
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1 NGN = 0.000 GBP
1 GBP = 2079.598 NGN
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1 NGN = 0.000 FKP
1 FKP = 2079.598 NGN
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1 NGN = 0.005 GTQ
1 GTQ = 199.546 NGN
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1 NGN = 0.005 HKD
1 HKD = 195.049 NGN
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1 NGN = 0.221 HUF
1 HUF = 4.522 NGN
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1 NGN = 0.855 IQD
1 IQD = 1.169 NGN
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1 NGN = 27.497 IRR
1 IRR = 0.036 NGN
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1 NGN = 0.273 KMF
1 KMF = 3.664 NGN
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1 NGN = 0.898 KRW
1 KRW = 1.113 NGN
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1 NGN = 0.054 ALL
1 ALL = 18.467 NGN
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1 NGN = 0.080 BDT
1 BDT = 12.566 NGN
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1 NGN = 0.001 AWG
1 AWG = 855.307 NGN
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1 NGN = 0.004 BRL
1 BRL = 277.265 NGN
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1 NGN = 0.000 BCH
1 BCH = 784323.770 NGN
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1 NGN = 0.000 BTC
1 BTC = 191375000.000 NGN
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1 NGN = 0.002 AED
1 AED = 416.882 NGN
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1 NGN = 0.597 AOA
1 AOA = 1.675 NGN
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1 NGN = 0.001 BSD
1 BSD = 1531.000 NGN
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1 NGN = 0.620 CLP
1 CLP = 1.614 NGN
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1 NGN = 0.002 BYN
1 BYN = 467.509 NGN
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1 NGN = 2.641 COP
1 COP = 0.379 NGN
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1 NGN = 0.016 CUP
1 CUP = 63.845 NGN
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1 NGN = 0.000 ETH
1 ETH = 5527075.812 NGN
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1 NGN = 0.001 EUR
1 EUR = 1802.576 NGN
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1 NGN = 0.017 HNL
1 HNL = 58.451 NGN
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1 NGN = 0.047 GMD
1 GMD = 21.204 NGN
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1 NGN = 0.000 GIP
1 GIP = 2079.598 NGN
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1 NGN = 0.086 HTG
1 HTG = 11.671 NGN
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1 NGN = 0.000 JOD
1 JOD = 2159.379 NGN
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1 NGN = 0.096 JPY
1 JPY = 10.454 NGN
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1 NGN = 0.045 AFN
1 AFN = 22.165 NGN
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1 NGN = 0.001 BBD
1 BBD = 765.500 NGN
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1 NGN = 0.001 BMD
1 BMD = 1531.000 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 = 1932.544 NGN
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1 NGN = 0.116 DJF
1 DJF = 8.608 NGN
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1 NGN = 0.039 DOP
1 DOP = 25.326 NGN
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1 NGN = 0.061 CVE
1 CVE = 16.347 NGN
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1 NGN = 0.002 GEL
1 GEL = 565.299 NGN
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1 NGN = 0.007 GHS
1 GHS = 146.479 NGN
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1 NGN = 0.137 GYD
1 GYD = 7.318 NGN
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1 NGN = 0.002 ILS
1 ILS = 459.484 NGN
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1 NGN = 0.056 INR
1 INR = 17.721 NGN
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1 NGN = 0.079 ISK
1 ISK = 12.659 NGN
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1 NGN = 2.621 KHR
1 KHR = 0.381 NGN
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1 NGN = 0.084 KES
1 KES = 11.842 NGN
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1 NGN = 0.000 KWD
1 KWD = 5017.369 NGN
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1 NGN = 0.352 KZT
1 KZT = 2.841 NGN
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1 NGN = 0.197 LKR
1 LKR = 5.075 NGN
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1 NGN = 0.006 MAD
1 MAD = 170.272 NGN
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1 NGN = 1.371 MMK
1 MMK = 0.730 NGN
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1 NGN = 2.344 MNT
1 MNT = 0.427 NGN
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1 NGN = 0.030 MUR
1 MUR = 33.772 NGN
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1 NGN = 0.259 MRO
1 MRO = 3.854 NGN
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1 NGN = 0.010 MVR
1 MVR = 99.171 NGN
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1 NGN = 1.133 MWK
1 MWK = 0.882 NGN
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1 NGN = 0.001 NZD
1 NZD = 925.635 NGN
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1 NGN = 0.090 NPR
1 NPR = 11.071 NGN
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1 NGN = 0.037 PHP
1 PHP = 26.967 NGN
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1 NGN = 0.186 PKR
1 PKR = 5.372 NGN
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1 NGN = 0.941 RWF
1 RWF = 1.063 NGN
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1 NGN = 0.000 LTC
1 LTC = 171559.839 NGN
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1 NGN = 0.012 MXN
1 MXN = 82.565 NGN
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1 NGN = 0.024 NIO
1 NIO = 41.672 NGN
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1 NGN = 0.003 RON
1 RON = 355.559 NGN
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1 NGN = 0.588 KPW
1 KPW = 1.701 NGN
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1 NGN = 0.001 KYD
1 KYD = 1841.915 NGN
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1 NGN = 58.644 LBP
1 LBP = 0.017 NGN
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1 NGN = 0.004 LYD
1 LYD = 282.472 NGN
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1 NGN = 14.101 LAK
1 LAK = 0.071 NGN
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1 NGN = 2.878 MGA
1 MGA = 0.347 NGN
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1 NGN = 0.131 LRD
1 LRD = 7.634 NGN
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1 NGN = 0.034 MKD
1 MKD = 29.186 NGN
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1 NGN = 0.011 LSL
1 LSL = 87.376 NGN
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1 NGN = 0.005 MOP
1 MOP = 189.368 NGN
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1 NGN = 0.011 MDL
1 MDL = 90.410 NGN
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1 NGN = 0.011 NAD
1 NAD = 87.376 NGN
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1 NGN = 0.003 MYR
1 MYR = 362.144 NGN
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1 NGN = 0.000 OMR
1 OMR = 3977.760 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 = 367.067 NGN
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1 NGN = 0.001 PAB
1 PAB = 1531.000 NGN
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1 NGN = 0.002 PEN
1 PEN = 430.600 NGN
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1 NGN = 0.007 NOK
1 NOK = 151.584 NGN
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1 NGN = 0.002 PLN
1 PLN = 424.076 NGN
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1 NGN = 5.059 PYG
1 PYG = 0.198 NGN
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1 NGN = 0.002 QAR
1 QAR = 420.604 NGN
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1 NGN = 0.005 SBD
1 SBD = 182.082 NGN
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1 NGN = 0.002 SAR
1 SAR = 408.267 NGN
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1 NGN = 0.001 SGD
1 SGD = 1199.467 NGN
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1 NGN = 14.850 SLL
1 SLL = 0.067 NGN
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1 NGN = 0.021 THB
1 THB = 47.623 NGN
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1 NGN = 0.019 TWD
1 TWD = 52.265 NGN
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1 NGN = 0.027 UAH
1 UAH = 36.645 NGN
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1 NGN = 2.344 UGX
1 UGX = 0.427 NGN
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1 NGN = 0.024 SRD
1 SRD = 41.883 NGN
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1 NGN = 13.724 STD
1 STD = 0.073 NGN
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1 NGN = 0.026 TRY
1 TRY = 37.834 NGN
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1 NGN = 0.004 TTD
1 TTD = 225.475 NGN
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1 NGN = 0.002 TOP
1 TOP = 641.821 NGN
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1 NGN = 8.319 UZS
1 UZS = 0.120 NGN
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1 NGN = 0.157 YER
1 YER = 6.354 NGN
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1 NGN = 0.011 ZAR
1 ZAR = 87.376 NGN
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1 NGN = 0.065 RSD
1 RSD = 15.385 NGN
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1 NGN = 0.051 RUB
1 RUB = 19.527 NGN
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1 NGN = 0.373 SOS
1 SOS = 2.684 NGN
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1 NGN = 0.006 SVC
1 SVC = 174.971 NGN
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1 NGN = 8.492 SYP
1 SYP = 0.118 NGN
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1 NGN = 0.011 SZL
1 SZL = 87.376 NGN
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1 NGN = 0.002 TND
1 TND = 534.269 NGN
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1 NGN = 0.026 UYU
1 UYU = 38.279 NGN
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1 NGN = 17.090 VND
1 VND = 0.059 NGN
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1 NGN = 0.078 VUV
1 VUV = 12.814 NGN
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1 NGN = 0.002 WST
1 WST = 560.006 NGN
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1 NGN = 0.364 XAF
1 XAF = 2.748 NGN
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1 NGN = 0.002 XCD
1 XCD = 565.633 NGN
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1 NGN = 0.010 SCR
1 SCR = 103.902 NGN
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1 NGN = 0.006 SEK
1 SEK = 161.056 NGN
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1 NGN = 0.000 SHP
1 SHP = 2079.598 NGN
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1 NGN = 1.689 TZS
1 TZS = 0.592 NGN
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1 NGN = 0.001 USD
1 USD = 1531.000 NGN
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1 NGN = 0.066 XPF
1 XPF = 15.106 NGN
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1 NGN = 0.364 XOF
1 XOF = 2.748 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.