Nigerian Naira
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1 NGN = 0.001 AUD
1 AUD = 968.653 NGN
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1 NGN = 0.694 ARS
1 ARS = 1.441 NGN
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1 NGN = 1.931 BIF
1 BIF = 0.518 NGN
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1 NGN = 0.000 BHD
1 BHD = 4075.050 NGN
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1 NGN = 0.005 BOB
1 BOB = 222.042 NGN
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1 NGN = 0.001 AZN
1 AZN = 903.582 NGN
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1 NGN = 0.057 BTN
1 BTN = 17.592 NGN
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1 NGN = 0.326 CRC
1 CRC = 3.068 NGN
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1 NGN = 0.015 CZK
1 CZK = 66.810 NGN
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1 NGN = 0.005 CNY
1 CNY = 212.138 NGN
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1 NGN = 0.004 DKK
1 DKK = 224.149 NGN
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1 NGN = 0.085 ETB
1 ETB = 11.701 NGN
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1 NGN = 5.635 GNF
1 GNF = 0.177 NGN
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1 NGN = 0.005 HRK
1 HRK = 221.866 NGN
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1 NGN = 10.689 IDR
1 IDR = 0.094 NGN
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1 NGN = 0.102 JMD
1 JMD = 9.766 NGN
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1 NGN = 0.057 KGS
1 KGS = 17.565 NGN
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1 NGN = 0.001 BAM
1 BAM = 855.236 NGN
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1 NGN = 0.001 ANG
1 ANG = 851.397 NGN
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1 NGN = 0.009 BWP
1 BWP = 111.935 NGN
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1 NGN = 0.001 BND
1 BND = 1150.026 NGN
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1 NGN = 1.867 CDF
1 CDF = 0.536 NGN
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1 NGN = 0.001 BZD
1 BZD = 763.882 NGN
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1 NGN = 21.288 BYR
1 BYR = 0.047 NGN
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1 NGN = 0.001 BGN
1 BGN = 855.284 NGN
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1 NGN = 0.001 CAD
1 CAD = 1067.100 NGN
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1 NGN = 0.087 DZD
1 DZD = 11.530 NGN
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1 NGN = 0.010 ERN
1 ERN = 102.406 NGN
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1 NGN = 0.033 EGP
1 EGP = 30.322 NGN
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1 NGN = 0.001 FJD
1 FJD = 669.554 NGN
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1 NGN = 0.001 GBP
1 GBP = 1990.553 NGN
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1 NGN = 0.001 FKP
1 FKP = 1990.553 NGN
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1 NGN = 0.005 GTQ
1 GTQ = 199.006 NGN
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1 NGN = 0.005 HKD
1 HKD = 197.647 NGN
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1 NGN = 0.239 HUF
1 HUF = 4.188 NGN
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1 NGN = 0.854 IQD
1 IQD = 1.171 NGN
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1 NGN = 27.407 IRR
1 IRR = 0.036 NGN
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1 NGN = 0.294 KMF
1 KMF = 3.400 NGN
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1 NGN = 0.946 KRW
1 KRW = 1.057 NGN
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1 NGN = 0.060 ALL
1 ALL = 16.795 NGN
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1 NGN = 0.079 BDT
1 BDT = 12.628 NGN
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1 NGN = 0.001 AWG
1 AWG = 853.383 NGN
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1 NGN = 0.004 BRL
1 BRL = 264.880 NGN
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1 NGN = 0.000 BCH
1 BCH = 518774.063 NGN
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1 NGN = 0.000 BTC
1 BTC = 128007500.000 NGN
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1 NGN = 0.002 AED
1 AED = 418.234 NGN
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1 NGN = 0.595 AOA
1 AOA = 1.681 NGN
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1 NGN = 0.001 BSD
1 BSD = 1536.090 NGN
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1 NGN = 0.611 CLP
1 CLP = 1.636 NGN
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1 NGN = 0.002 BYN
1 BYN = 468.863 NGN
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1 NGN = 2.693 COP
1 COP = 0.371 NGN
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1 NGN = 0.017 CUP
1 CUP = 59.654 NGN
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1 NGN = 0.000 ETH
1 ETH = 2871196.262 NGN
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1 NGN = 0.001 EUR
1 EUR = 1672.026 NGN
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1 NGN = 0.017 HNL
1 HNL = 59.996 NGN
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1 NGN = 0.047 GMD
1 GMD = 21.335 NGN
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1 NGN = 0.001 GIP
1 GIP = 1990.553 NGN
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1 NGN = 0.085 HTG
1 HTG = 11.699 NGN
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1 NGN = 0.000 JOD
1 JOD = 2165.642 NGN
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1 NGN = 0.096 JPY
1 JPY = 10.399 NGN
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1 NGN = 0.046 AFN
1 AFN = 21.675 NGN
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1 NGN = 0.001 BBD
1 BBD = 768.045 NGN
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1 NGN = 0.001 BMD
1 BMD = 1536.090 NGN
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1 NGN = 0.256 AMD
1 AMD = 3.909 NGN
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1 NGN = 0.001 CHF
1 CHF = 1742.448 NGN
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1 NGN = 0.116 DJF
1 DJF = 8.617 NGN
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1 NGN = 0.041 DOP
1 DOP = 24.465 NGN
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1 NGN = 0.066 CVE
1 CVE = 15.170 NGN
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1 NGN = 0.002 GEL
1 GEL = 553.546 NGN
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1 NGN = 0.010 GHS
1 GHS = 98.988 NGN
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1 NGN = 0.136 GYD
1 GYD = 7.334 NGN
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1 NGN = 0.002 ILS
1 ILS = 422.038 NGN
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1 NGN = 0.057 INR
1 INR = 17.644 NGN
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1 NGN = 0.088 ISK
1 ISK = 11.413 NGN
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1 NGN = 2.612 KHR
1 KHR = 0.383 NGN
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1 NGN = 0.084 KES
1 KES = 11.875 NGN
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1 NGN = 0.000 KWD
1 KWD = 4986.819 NGN
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1 NGN = 0.320 KZT
1 KZT = 3.122 NGN
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1 NGN = 0.193 LKR
1 LKR = 5.194 NGN
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1 NGN = 0.006 MAD
1 MAD = 158.409 NGN
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1 NGN = 1.366 MMK
1 MMK = 0.732 NGN
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1 NGN = 2.212 MNT
1 MNT = 0.452 NGN
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1 NGN = 0.029 MUR
1 MUR = 34.097 NGN
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1 NGN = 0.260 MRO
1 MRO = 3.852 NGN
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1 NGN = 0.010 MVR
1 MVR = 99.681 NGN
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1 NGN = 1.130 MWK
1 MWK = 0.885 NGN
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1 NGN = 0.001 NZD
1 NZD = 879.122 NGN
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1 NGN = 0.091 NPR
1 NPR = 10.995 NGN
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1 NGN = 0.037 PHP
1 PHP = 26.818 NGN
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1 NGN = 0.183 PKR
1 PKR = 5.479 NGN
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1 NGN = 0.928 RWF
1 RWF = 1.078 NGN
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1 NGN = 0.000 LTC
1 LTC = 137065.227 NGN
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1 NGN = 0.013 MXN
1 MXN = 76.082 NGN
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1 NGN = 0.024 NIO
1 NIO = 41.691 NGN
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1 NGN = 0.003 RON
1 RON = 335.934 NGN
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1 NGN = 0.586 KPW
1 KPW = 1.707 NGN
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1 NGN = 0.001 KYD
1 KYD = 1841.305 NGN
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1 NGN = 58.403 LBP
1 LBP = 0.017 NGN
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1 NGN = 0.003 LYD
1 LYD = 318.783 NGN
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1 NGN = 14.111 LAK
1 LAK = 0.071 NGN
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1 NGN = 3.038 MGA
1 MGA = 0.329 NGN
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1 NGN = 0.130 LRD
1 LRD = 7.672 NGN
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1 NGN = 0.037 MKD
1 MKD = 27.167 NGN
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1 NGN = 0.012 LSL
1 LSL = 83.302 NGN
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1 NGN = 0.005 MOP
1 MOP = 191.740 NGN
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1 NGN = 0.012 MDL
1 MDL = 86.152 NGN
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1 NGN = 0.012 NAD
1 NAD = 83.302 NGN
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1 NGN = 0.003 MYR
1 MYR = 346.591 NGN
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1 NGN = 0.000 OMR
1 OMR = 3989.741 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 = 381.192 NGN
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1 NGN = 0.001 PAB
1 PAB = 1536.090 NGN
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1 NGN = 0.002 PEN
1 PEN = 418.850 NGN
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1 NGN = 0.007 NOK
1 NOK = 144.437 NGN
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1 NGN = 0.003 PLN
1 PLN = 398.839 NGN
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1 NGN = 5.168 PYG
1 PYG = 0.193 NGN
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1 NGN = 0.002 QAR
1 QAR = 421.227 NGN
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1 NGN = 0.005 SBD
1 SBD = 182.627 NGN
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1 NGN = 0.002 SAR
1 SAR = 409.558 NGN
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1 NGN = 0.001 SGD
1 SGD = 1152.701 NGN
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1 NGN = 13.651 SLL
1 SLL = 0.073 NGN
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1 NGN = 0.022 THB
1 THB = 45.453 NGN
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1 NGN = 0.021 TWD
1 TWD = 46.602 NGN
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1 NGN = 0.027 UAH
1 UAH = 36.932 NGN
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1 NGN = 2.390 UGX
1 UGX = 0.418 NGN
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1 NGN = 0.024 SRD
1 SRD = 42.470 NGN
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1 NGN = 14.506 STD
1 STD = 0.069 NGN
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1 NGN = 0.024 TRY
1 TRY = 41.982 NGN
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1 NGN = 0.004 TTD
1 TTD = 226.062 NGN
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1 NGN = 0.002 TOP
1 TOP = 637.914 NGN
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1 NGN = 8.428 UZS
1 UZS = 0.119 NGN
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1 NGN = 0.161 YER
1 YER = 6.225 NGN
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1 NGN = 0.012 ZAR
1 ZAR = 83.656 NGN
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1 NGN = 0.070 RSD
1 RSD = 14.280 NGN
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1 NGN = 0.057 RUB
1 RUB = 17.625 NGN
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1 NGN = 0.372 SOS
1 SOS = 2.685 NGN
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1 NGN = 0.006 SVC
1 SVC = 175.367 NGN
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1 NGN = 8.464 SYP
1 SYP = 0.118 NGN
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1 NGN = 0.012 SZL
1 SZL = 83.279 NGN
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1 NGN = 0.002 TND
1 TND = 498.068 NGN
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1 NGN = 0.028 UYU
1 UYU = 36.208 NGN
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1 NGN = 16.584 VND
1 VND = 0.060 NGN
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1 NGN = 0.077 VUV
1 VUV = 12.939 NGN
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1 NGN = 0.002 WST
1 WST = 548.604 NGN
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1 NGN = 0.392 XAF
1 XAF = 2.549 NGN
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1 NGN = 0.002 XCD
1 XCD = 568.375 NGN
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1 NGN = 0.010 SCR
1 SCR = 104.354 NGN
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1 NGN = 0.007 SEK
1 SEK = 152.209 NGN
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1 NGN = 0.001 SHP
1 SHP = 1990.553 NGN
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1 NGN = 1.722 TZS
1 TZS = 0.581 NGN
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1 NGN = 0.001 USD
1 USD = 1536.090 NGN
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1 NGN = 0.071 XPF
1 XPF = 14.012 NGN
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1 NGN = 0.392 XOF
1 XOF = 2.549 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.