Nigerian Naira
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1 NGN = 0.001 AUD
1 AUD = 952.636 NGN
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1 NGN = 1.016 ARS
1 ARS = 0.984 NGN
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1 NGN = 2.014 BIF
1 BIF = 0.497 NGN
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1 NGN = 0.000 BHD
1 BHD = 3887.819 NGN
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1 NGN = 0.005 BOB
1 BOB = 211.729 NGN
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1 NGN = 0.001 AZN
1 AZN = 859.894 NGN
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1 NGN = 0.060 BTN
1 BTN = 16.647 NGN
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1 NGN = 0.344 CRC
1 CRC = 2.911 NGN
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1 NGN = 0.014 CZK
1 CZK = 69.787 NGN
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1 NGN = 0.005 CNY
1 CNY = 205.237 NGN
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1 NGN = 0.004 DKK
1 DKK = 227.241 NGN
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1 NGN = 0.103 ETB
1 ETB = 9.691 NGN
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1 NGN = 5.935 GNF
1 GNF = 0.168 NGN
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1 NGN = 0.004 HRK
1 HRK = 225.291 NGN
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1 NGN = 11.359 IDR
1 IDR = 0.088 NGN
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1 NGN = 0.110 JMD
1 JMD = 9.112 NGN
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1 NGN = 0.060 KGS
1 KGS = 16.713 NGN
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1 NGN = 0.001 BAM
1 BAM = 867.910 NGN
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1 NGN = 0.001 ANG
1 ANG = 812.077 NGN
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1 NGN = 0.010 BWP
1 BWP = 103.852 NGN
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1 NGN = 0.001 BND
1 BND = 1125.689 NGN
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1 NGN = 1.559 CDF
1 CDF = 0.642 NGN
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1 NGN = 0.001 BZD
1 BZD = 726.623 NGN
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1 NGN = 23.291 BYR
1 BYR = 0.043 NGN
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1 NGN = 0.001 BGN
1 BGN = 867.910 NGN
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1 NGN = 0.001 CAD
1 CAD = 1044.605 NGN
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1 NGN = 0.089 DZD
1 DZD = 11.206 NGN
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1 NGN = 0.010 ERN
1 ERN = 97.455 NGN
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1 NGN = 0.033 EGP
1 EGP = 30.749 NGN
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1 NGN = 0.002 FJD
1 FJD = 635.878 NGN
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1 NGN = 0.001 GBP
1 GBP = 1946.783 NGN
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1 NGN = 0.001 FKP
1 FKP = 1946.783 NGN
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1 NGN = 0.005 GTQ
1 GTQ = 190.913 NGN
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1 NGN = 0.005 HKD
1 HKD = 188.107 NGN
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1 NGN = 0.230 HUF
1 HUF = 4.345 NGN
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1 NGN = 0.897 IQD
1 IQD = 1.115 NGN
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1 NGN = 28.755 IRR
1 IRR = 0.035 NGN
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1 NGN = 0.290 KMF
1 KMF = 3.450 NGN
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1 NGN = 0.983 KRW
1 KRW = 1.017 NGN
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1 NGN = 0.057 ALL
1 ALL = 17.568 NGN
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1 NGN = 0.084 BDT
1 BDT = 11.952 NGN
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1 NGN = 0.001 AWG
1 AWG = 816.659 NGN
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1 NGN = 0.004 BRL
1 BRL = 271.633 NGN
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1 NGN = 0.000 BCH
1 BCH = 71204.092 NGN
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1 NGN = 0.000 BTC
1 BTC = 162424444.444 NGN
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1 NGN = 0.003 AED
1 AED = 398.045 NGN
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1 NGN = 0.626 AOA
1 AOA = 1.598 NGN
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1 NGN = 0.001 BSD
1 BSD = 1461.820 NGN
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1 NGN = 0.648 CLP
1 CLP = 1.544 NGN
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1 NGN = 0.002 BYN
1 BYN = 429.341 NGN
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1 NGN = 2.655 COP
1 COP = 0.377 NGN
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1 NGN = 0.016 CUP
1 CUP = 60.970 NGN
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1 NGN = 0.000 ETH
1 ETH = 5732627.451 NGN
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1 NGN = 0.001 EUR
1 EUR = 1697.462 NGN
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1 NGN = 0.018 HNL
1 HNL = 55.640 NGN
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1 NGN = 0.050 GMD
1 GMD = 20.012 NGN
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1 NGN = 0.001 GIP
1 GIP = 1946.783 NGN
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1 NGN = 0.090 HTG
1 HTG = 11.170 NGN
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1 NGN = 0.000 JOD
1 JOD = 2061.805 NGN
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1 NGN = 0.104 JPY
1 JPY = 9.578 NGN
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1 NGN = 0.045 AFN
1 AFN = 22.022 NGN
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1 NGN = 0.001 BBD
1 BBD = 730.910 NGN
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1 NGN = 0.001 BMD
1 BMD = 1461.820 NGN
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1 NGN = 0.261 AMD
1 AMD = 3.833 NGN
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1 NGN = 0.001 CHF
1 CHF = 1837.404 NGN
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1 NGN = 0.122 DJF
1 DJF = 8.211 NGN
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1 NGN = 0.044 DOP
1 DOP = 22.909 NGN
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1 NGN = 0.065 CVE
1 CVE = 15.394 NGN
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1 NGN = 0.002 GEL
1 GEL = 536.901 NGN
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1 NGN = 0.007 GHS
1 GHS = 135.354 NGN
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1 NGN = 0.143 GYD
1 GYD = 6.993 NGN
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1 NGN = 0.002 ILS
1 ILS = 444.268 NGN
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1 NGN = 0.060 INR
1 INR = 16.647 NGN
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1 NGN = 0.084 ISK
1 ISK = 11.937 NGN
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1 NGN = 2.761 KHR
1 KHR = 0.362 NGN
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1 NGN = 0.088 KES
1 KES = 11.323 NGN
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1 NGN = 0.000 KWD
1 KWD = 4767.685 NGN
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1 NGN = 0.368 KZT
1 KZT = 2.720 NGN
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1 NGN = 0.207 LKR
1 LKR = 4.824 NGN
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1 NGN = 0.006 MAD
1 MAD = 158.291 NGN
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1 NGN = 1.436 MMK
1 MMK = 0.696 NGN
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1 NGN = 2.459 MNT
1 MNT = 0.407 NGN
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1 NGN = 0.031 MUR
1 MUR = 32.110 NGN
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1 NGN = 0.274 MRO
1 MRO = 3.650 NGN
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1 NGN = 0.011 MVR
1 MVR = 94.886 NGN
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1 NGN = 1.187 MWK
1 MWK = 0.842 NGN
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1 NGN = 0.001 NZD
1 NZD = 841.142 NGN
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1 NGN = 0.096 NPR
1 NPR = 10.400 NGN
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1 NGN = 0.040 PHP
1 PHP = 24.938 NGN
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1 NGN = 0.193 PKR
1 PKR = 5.174 NGN
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1 NGN = 0.992 RWF
1 RWF = 1.008 NGN
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1 NGN = 0.000 LTC
1 LTC = 138443.034 NGN
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1 NGN = 0.013 MXN
1 MXN = 79.455 NGN
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1 NGN = 0.025 NIO
1 NIO = 39.764 NGN
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1 NGN = 0.003 RON
1 RON = 333.886 NGN
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1 NGN = 0.616 KPW
1 KPW = 1.624 NGN
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1 NGN = 0.001 KYD
1 KYD = 1758.665 NGN
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1 NGN = 61.309 LBP
1 LBP = 0.016 NGN
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1 NGN = 0.004 LYD
1 LYD = 268.722 NGN
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1 NGN = 14.831 LAK
1 LAK = 0.067 NGN
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1 NGN = 3.061 MGA
1 MGA = 0.327 NGN
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1 NGN = 0.125 LRD
1 LRD = 7.995 NGN
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1 NGN = 0.036 MKD
1 MKD = 27.541 NGN
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1 NGN = 0.012 LSL
1 LSL = 84.449 NGN
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1 NGN = 0.005 MOP
1 MOP = 182.629 NGN
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1 NGN = 0.012 MDL
1 MDL = 86.177 NGN
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1 NGN = 0.012 NAD
1 NAD = 84.449 NGN
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1 NGN = 0.003 MYR
1 MYR = 345.666 NGN
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1 NGN = 0.000 OMR
1 OMR = 3798.612 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 = 347.812 NGN
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1 NGN = 0.001 PAB
1 PAB = 1461.820 NGN
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1 NGN = 0.002 PEN
1 PEN = 430.821 NGN
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1 NGN = 0.007 NOK
1 NOK = 146.446 NGN
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1 NGN = 0.002 PLN
1 PLN = 401.367 NGN
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1 NGN = 4.837 PYG
1 PYG = 0.207 NGN
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1 NGN = 0.002 QAR
1 QAR = 401.599 NGN
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1 NGN = 0.006 SBD
1 SBD = 172.511 NGN
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1 NGN = 0.003 SAR
1 SAR = 389.819 NGN
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1 NGN = 0.001 SGD
1 SGD = 1125.689 NGN
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1 NGN = 15.810 SLL
1 SLL = 0.063 NGN
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1 NGN = 0.022 THB
1 THB = 44.595 NGN
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1 NGN = 0.021 TWD
1 TWD = 47.503 NGN
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1 NGN = 0.029 UAH
1 UAH = 34.902 NGN
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1 NGN = 2.387 UGX
1 UGX = 0.419 NGN
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1 NGN = 0.027 SRD
1 SRD = 36.778 NGN
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1 NGN = 14.540 STD
1 STD = 0.069 NGN
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1 NGN = 0.029 TRY
1 TRY = 34.821 NGN
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1 NGN = 0.005 TTD
1 TTD = 215.519 NGN
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1 NGN = 0.002 TOP
1 TOP = 608.610 NGN
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1 NGN = 8.281 UZS
1 UZS = 0.121 NGN
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1 NGN = 0.163 YER
1 YER = 6.118 NGN
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1 NGN = 0.012 ZAR
1 ZAR = 84.449 NGN
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1 NGN = 0.069 RSD
1 RSD = 14.482 NGN
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1 NGN = 0.056 RUB
1 RUB = 17.988 NGN
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1 NGN = 0.389 SOS
1 SOS = 2.570 NGN
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1 NGN = 0.006 SVC
1 SVC = 167.065 NGN
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1 NGN = 7.564 SYP
1 SYP = 0.132 NGN
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1 NGN = 0.012 SZL
1 SZL = 84.449 NGN
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1 NGN = 0.002 TND
1 TND = 497.675 NGN
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1 NGN = 0.027 UYU
1 UYU = 36.764 NGN
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1 NGN = 18.012 VND
1 VND = 0.056 NGN
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1 NGN = 0.083 VUV
1 VUV = 11.985 NGN
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1 NGN = 0.002 WST
1 WST = 520.851 NGN
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1 NGN = 0.386 XAF
1 XAF = 2.588 NGN
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1 NGN = 0.002 XCD
1 XCD = 539.935 NGN
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1 NGN = 0.010 SCR
1 SCR = 103.830 NGN
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1 NGN = 0.006 SEK
1 SEK = 155.513 NGN
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1 NGN = 0.001 SHP
1 SHP = 1946.783 NGN
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1 NGN = 1.700 TZS
1 TZS = 0.588 NGN
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1 NGN = 0.001 USD
1 USD = 1461.820 NGN
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1 NGN = 0.070 XPF
1 XPF = 14.224 NGN
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1 NGN = 0.386 XOF
1 XOF = 2.588 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.