Nigerian Naira
|
1 NGN = 0.001 AUD
1 AUD = 983.160 NGN
|
|
1 NGN = 0.672 ARS
1 ARS = 1.488 NGN
|
|
1 NGN = 1.894 BIF
1 BIF = 0.528 NGN
|
|
1 NGN = 0.000 BHD
1 BHD = 4141.223 NGN
|
|
1 NGN = 0.004 BOB
1 BOB = 225.363 NGN
|
|
1 NGN = 0.001 AZN
1 AZN = 916.017 NGN
|
|
1 NGN = 0.055 BTN
1 BTN = 18.064 NGN
|
|
1 NGN = 0.323 CRC
1 CRC = 3.096 NGN
|
|
1 NGN = 0.015 CZK
1 CZK = 65.130 NGN
|
|
1 NGN = 0.005 CNY
1 CNY = 214.957 NGN
|
|
1 NGN = 0.005 DKK
1 DKK = 218.957 NGN
|
|
1 NGN = 0.082 ETB
1 ETB = 12.206 NGN
|
|
1 NGN = 5.558 GNF
1 GNF = 0.180 NGN
|
|
1 NGN = 0.005 HRK
1 HRK = 221.790 NGN
|
|
1 NGN = 10.387 IDR
1 IDR = 0.096 NGN
|
|
1 NGN = 0.101 JMD
1 JMD = 9.903 NGN
|
|
1 NGN = 0.056 KGS
1 KGS = 17.806 NGN
|
|
1 NGN = 0.001 BAM
1 BAM = 835.462 NGN
|
|
1 NGN = 0.001 ANG
1 ANG = 865.522 NGN
|
|
1 NGN = 0.009 BWP
1 BWP = 112.383 NGN
|
|
1 NGN = 0.001 BND
1 BND = 1156.835 NGN
|
|
1 NGN = 1.833 CDF
1 CDF = 0.545 NGN
|
|
1 NGN = 0.001 BZD
1 BZD = 774.214 NGN
|
|
1 NGN = 20.976 BYR
1 BYR = 0.048 NGN
|
|
1 NGN = 0.001 BGN
1 BGN = 835.462 NGN
|
|
1 NGN = 0.001 CAD
1 CAD = 1085.594 NGN
|
|
1 NGN = 0.087 DZD
1 DZD = 11.544 NGN
|
|
1 NGN = 0.010 ERN
1 ERN = 103.807 NGN
|
|
1 NGN = 0.032 EGP
1 EGP = 30.963 NGN
|
|
1 NGN = 0.001 FJD
1 FJD = 675.693 NGN
|
|
1 NGN = 0.001 GBP
1 GBP = 1943.649 NGN
|
|
1 NGN = 0.001 FKP
1 FKP = 1943.649 NGN
|
|
1 NGN = 0.005 GTQ
1 GTQ = 201.502 NGN
|
|
1 NGN = 0.005 HKD
1 HKD = 199.968 NGN
|
|
1 NGN = 0.250 HUF
1 HUF = 4.002 NGN
|
|
1 NGN = 0.842 IQD
1 IQD = 1.188 NGN
|
|
1 NGN = 27.033 IRR
1 IRR = 0.037 NGN
|
|
1 NGN = 0.301 KMF
1 KMF = 3.321 NGN
|
|
1 NGN = 0.918 KRW
1 KRW = 1.089 NGN
|
|
1 NGN = 0.060 ALL
1 ALL = 16.580 NGN
|
|
1 NGN = 0.078 BDT
1 BDT = 12.776 NGN
|
|
1 NGN = 0.001 AWG
1 AWG = 869.888 NGN
|
|
1 NGN = 0.004 BRL
1 BRL = 263.418 NGN
|
|
1 NGN = 0.000 BCH
1 BCH = 691737.006 NGN
|
|
1 NGN = 0.000 BTC
1 BTC = 155710000.000 NGN
|
|
1 NGN = 0.002 AED
1 AED = 423.989 NGN
|
|
1 NGN = 0.592 AOA
1 AOA = 1.690 NGN
|
|
1 NGN = 0.001 BSD
1 BSD = 1557.100 NGN
|
|
1 NGN = 0.631 CLP
1 CLP = 1.586 NGN
|
|
1 NGN = 0.002 BYN
1 BYN = 476.158 NGN
|
|
1 NGN = 2.682 COP
1 COP = 0.373 NGN
|
|
1 NGN = 0.015 CUP
1 CUP = 64.915 NGN
|
|
1 NGN = 0.000 ETH
1 ETH = 5225167.785 NGN
|
|
1 NGN = 0.001 EUR
1 EUR = 1634.016 NGN
|
|
1 NGN = 0.016 HNL
1 HNL = 61.110 NGN
|
|
1 NGN = 0.047 GMD
1 GMD = 21.480 NGN
|
|
1 NGN = 0.001 GIP
1 GIP = 1943.649 NGN
|
|
1 NGN = 0.084 HTG
1 HTG = 11.923 NGN
|
|
1 NGN = 0.000 JOD
1 JOD = 2196.192 NGN
|
|
1 NGN = 0.100 JPY
1 JPY = 9.983 NGN
|
|
1 NGN = 0.049 AFN
1 AFN = 20.559 NGN
|
|
1 NGN = 0.001 BBD
1 BBD = 778.550 NGN
|
|
1 NGN = 0.001 BMD
1 BMD = 1557.100 NGN
|
|
1 NGN = 0.257 AMD
1 AMD = 3.892 NGN
|
|
1 NGN = 0.001 CHF
1 CHF = 1718.570 NGN
|
|
1 NGN = 0.114 DJF
1 DJF = 8.756 NGN
|
|
1 NGN = 0.040 DOP
1 DOP = 25.281 NGN
|
|
1 NGN = 0.067 CVE
1 CVE = 14.818 NGN
|
|
1 NGN = 0.002 GEL
1 GEL = 541.728 NGN
|
|
1 NGN = 0.010 GHS
1 GHS = 102.455 NGN
|
|
1 NGN = 0.134 GYD
1 GYD = 7.463 NGN
|
|
1 NGN = 0.002 ILS
1 ILS = 434.923 NGN
|
|
1 NGN = 0.055 INR
1 INR = 18.064 NGN
|
|
1 NGN = 0.090 ISK
1 ISK = 11.168 NGN
|
|
1 NGN = 2.587 KHR
1 KHR = 0.386 NGN
|
|
1 NGN = 0.083 KES
1 KES = 12.025 NGN
|
|
1 NGN = 0.000 KWD
1 KWD = 5055.651 NGN
|
|
1 NGN = 0.337 KZT
1 KZT = 2.970 NGN
|
|
1 NGN = 0.191 LKR
1 LKR = 5.236 NGN
|
|
1 NGN = 0.006 MAD
1 MAD = 156.086 NGN
|
|
1 NGN = 1.348 MMK
1 MMK = 0.742 NGN
|
|
1 NGN = 2.213 MNT
1 MNT = 0.452 NGN
|
|
1 NGN = 0.030 MUR
1 MUR = 33.600 NGN
|
|
1 NGN = 0.257 MRO
1 MRO = 3.895 NGN
|
|
1 NGN = 0.010 MVR
1 MVR = 100.843 NGN
|
|
1 NGN = 1.115 MWK
1 MWK = 0.897 NGN
|
|
1 NGN = 0.001 NZD
1 NZD = 889.111 NGN
|
|
1 NGN = 0.089 NPR
1 NPR = 11.285 NGN
|
|
1 NGN = 0.037 PHP
1 PHP = 26.705 NGN
|
|
1 NGN = 0.179 PKR
1 PKR = 5.587 NGN
|
|
1 NGN = 0.894 RWF
1 RWF = 1.119 NGN
|
|
1 NGN = 0.000 LTC
1 LTC = 193092.758 NGN
|
|
1 NGN = 0.013 MXN
1 MXN = 76.797 NGN
|
|
1 NGN = 0.024 NIO
1 NIO = 42.313 NGN
|
|
1 NGN = 0.003 RON
1 RON = 328.416 NGN
|
|
1 NGN = 0.578 KPW
1 KPW = 1.730 NGN
|
|
1 NGN = 0.001 KYD
1 KYD = 1883.843 NGN
|
|
1 NGN = 57.656 LBP
1 LBP = 0.017 NGN
|
|
1 NGN = 0.003 LYD
1 LYD = 316.526 NGN
|
|
1 NGN = 13.991 LAK
1 LAK = 0.071 NGN
|
|
1 NGN = 3.019 MGA
1 MGA = 0.331 NGN
|
|
1 NGN = 0.127 LRD
1 LRD = 7.877 NGN
|
|
1 NGN = 0.038 MKD
1 MKD = 26.581 NGN
|
|
1 NGN = 0.012 LSL
1 LSL = 84.601 NGN
|
|
1 NGN = 0.005 MOP
1 MOP = 194.144 NGN
|
|
1 NGN = 0.012 MDL
1 MDL = 83.039 NGN
|
|
1 NGN = 0.012 NAD
1 NAD = 84.601 NGN
|
|
1 NGN = 0.003 MYR
1 MYR = 355.063 NGN
|
|
1 NGN = 0.000 OMR
1 OMR = 4045.487 NGN
|
|
1 NGN = 1.000 NGN
1 NGN = 1.000 NGN
|
|
1 NGN = 0.003 PGK
1 PGK = 388.292 NGN
|
|
1 NGN = 0.001 PAB
1 PAB = 1557.100 NGN
|
|
1 NGN = 0.002 PEN
1 PEN = 418.554 NGN
|
|
1 NGN = 0.007 NOK
1 NOK = 139.076 NGN
|
|
1 NGN = 0.003 PLN
1 PLN = 387.908 NGN
|
|
1 NGN = 5.068 PYG
1 PYG = 0.197 NGN
|
|
1 NGN = 0.002 QAR
1 QAR = 427.775 NGN
|
|
1 NGN = 0.005 SBD
1 SBD = 183.360 NGN
|
|
1 NGN = 0.002 SAR
1 SAR = 415.227 NGN
|
|
1 NGN = 0.001 SGD
1 SGD = 1156.835 NGN
|
|
1 NGN = 14.577 SLL
1 SLL = 0.069 NGN
|
|
1 NGN = 0.022 THB
1 THB = 46.367 NGN
|
|
1 NGN = 0.021 TWD
1 TWD = 47.550 NGN
|
|
1 NGN = 0.027 UAH
1 UAH = 37.074 NGN
|
|
1 NGN = 2.367 UGX
1 UGX = 0.422 NGN
|
|
1 NGN = 0.023 SRD
1 SRD = 44.218 NGN
|
|
1 NGN = 14.310 STD
1 STD = 0.070 NGN
|
|
1 NGN = 0.023 TRY
1 TRY = 43.653 NGN
|
|
1 NGN = 0.004 TTD
1 TTD = 229.150 NGN
|
|
1 NGN = 0.002 TOP
1 TOP = 640.972 NGN
|
|
1 NGN = 8.332 UZS
1 UZS = 0.120 NGN
|
|
1 NGN = 0.160 YER
1 YER = 6.256 NGN
|
|
1 NGN = 0.012 ZAR
1 ZAR = 84.601 NGN
|
|
1 NGN = 0.072 RSD
1 RSD = 13.956 NGN
|
|
1 NGN = 0.063 RUB
1 RUB = 15.920 NGN
|
|
1 NGN = 0.366 SOS
1 SOS = 2.729 NGN
|
|
1 NGN = 0.006 SVC
1 SVC = 177.954 NGN
|
|
1 NGN = 8.350 SYP
1 SYP = 0.120 NGN
|
|
1 NGN = 0.012 SZL
1 SZL = 84.601 NGN
|
|
1 NGN = 0.002 TND
1 TND = 489.897 NGN
|
|
1 NGN = 0.028 UYU
1 UYU = 35.700 NGN
|
|
1 NGN = 16.115 VND
1 VND = 0.062 NGN
|
|
1 NGN = 0.079 VUV
1 VUV = 12.720 NGN
|
|
1 NGN = 0.002 WST
1 WST = 549.300 NGN
|
|
1 NGN = 0.401 XAF
1 XAF = 2.491 NGN
|
|
1 NGN = 0.002 XCD
1 XCD = 575.495 NGN
|
|
1 NGN = 0.009 SCR
1 SCR = 108.507 NGN
|
|
1 NGN = 0.007 SEK
1 SEK = 142.492 NGN
|
|
1 NGN = 0.001 SHP
1 SHP = 1943.649 NGN
|
|
1 NGN = 1.627 TZS
1 TZS = 0.615 NGN
|
|
1 NGN = 0.001 USD
1 USD = 1557.100 NGN
|
|
1 NGN = 0.073 XPF
1 XPF = 13.693 NGN
|
|
1 NGN = 0.401 XOF
1 XOF = 2.491 NGN
|
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.