Nigerian Naira
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1 NGN = 0.001 AUD
1 AUD = 1003.539 NGN
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1 NGN = 0.838 ARS
1 ARS = 1.193 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 = 4065.399 NGN
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1 NGN = 0.005 BOB
1 BOB = 221.715 NGN
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1 NGN = 0.001 AZN
1 AZN = 899.171 NGN
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1 NGN = 0.057 BTN
1 BTN = 17.670 NGN
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1 NGN = 0.330 CRC
1 CRC = 3.028 NGN
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1 NGN = 0.014 CZK
1 CZK = 73.082 NGN
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1 NGN = 0.005 CNY
1 CNY = 213.231 NGN
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1 NGN = 0.004 DKK
1 DKK = 240.583 NGN
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1 NGN = 0.091 ETB
1 ETB = 10.996 NGN
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1 NGN = 5.680 GNF
1 GNF = 0.176 NGN
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1 NGN = 0.004 HRK
1 HRK = 238.325 NGN
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1 NGN = 10.699 IDR
1 IDR = 0.093 NGN
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1 NGN = 0.105 JMD
1 JMD = 9.542 NGN
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1 NGN = 0.057 KGS
1 KGS = 17.510 NGN
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1 NGN = 0.001 BAM
1 BAM = 918.127 NGN
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1 NGN = 0.001 ANG
1 ANG = 850.634 NGN
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1 NGN = 0.009 BWP
1 BWP = 109.963 NGN
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1 NGN = 0.001 BND
1 BND = 1193.186 NGN
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1 NGN = 1.880 CDF
1 CDF = 0.532 NGN
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1 NGN = 0.001 BZD
1 BZD = 758.718 NGN
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1 NGN = 21.422 BYR
1 BYR = 0.047 NGN
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1 NGN = 0.001 BGN
1 BGN = 918.127 NGN
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1 NGN = 0.001 CAD
1 CAD = 1115.433 NGN
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1 NGN = 0.085 DZD
1 DZD = 11.803 NGN
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1 NGN = 0.010 ERN
1 ERN = 101.906 NGN
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1 NGN = 0.032 EGP
1 EGP = 31.128 NGN
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1 NGN = 0.001 FJD
1 FJD = 681.585 NGN
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1 NGN = 0.000 GBP
1 GBP = 2053.839 NGN
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1 NGN = 0.000 FKP
1 FKP = 2053.839 NGN
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1 NGN = 0.005 GTQ
1 GTQ = 199.087 NGN
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1 NGN = 0.005 HKD
1 HKD = 194.737 NGN
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1 NGN = 0.221 HUF
1 HUF = 4.525 NGN
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1 NGN = 0.856 IQD
1 IQD = 1.168 NGN
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1 NGN = 27.513 IRR
1 IRR = 0.036 NGN
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1 NGN = 0.274 KMF
1 KMF = 3.650 NGN
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1 NGN = 0.905 KRW
1 KRW = 1.105 NGN
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1 NGN = 0.054 ALL
1 ALL = 18.423 NGN
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1 NGN = 0.080 BDT
1 BDT = 12.514 NGN
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1 NGN = 0.001 AWG
1 AWG = 853.961 NGN
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1 NGN = 0.004 BRL
1 BRL = 274.640 NGN
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1 NGN = 0.000 BCH
1 BCH = 849688.716 NGN
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1 NGN = 0.000 BTC
1 BTC = 169843333.333 NGN
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1 NGN = 0.002 AED
1 AED = 416.226 NGN
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1 NGN = 0.597 AOA
1 AOA = 1.676 NGN
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1 NGN = 0.001 BSD
1 BSD = 1528.590 NGN
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1 NGN = 0.630 CLP
1 CLP = 1.586 NGN
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1 NGN = 0.002 BYN
1 BYN = 466.816 NGN
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1 NGN = 2.688 COP
1 COP = 0.372 NGN
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1 NGN = 0.016 CUP
1 CUP = 63.798 NGN
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1 NGN = 0.000 ETH
1 ETH = 5725056.180 NGN
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1 NGN = 0.001 EUR
1 EUR = 1795.658 NGN
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1 NGN = 0.017 HNL
1 HNL = 58.423 NGN
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1 NGN = 0.047 GMD
1 GMD = 21.245 NGN
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1 NGN = 0.000 GIP
1 GIP = 2053.839 NGN
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1 NGN = 0.086 HTG
1 HTG = 11.665 NGN
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1 NGN = 0.000 JOD
1 JOD = 2155.980 NGN
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1 NGN = 0.097 JPY
1 JPY = 10.351 NGN
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1 NGN = 0.045 AFN
1 AFN = 22.116 NGN
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1 NGN = 0.001 BBD
1 BBD = 764.295 NGN
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1 NGN = 0.001 BMD
1 BMD = 1528.590 NGN
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1 NGN = 0.251 AMD
1 AMD = 3.981 NGN
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1 NGN = 0.001 CHF
1 CHF = 1921.570 NGN
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1 NGN = 0.117 DJF
1 DJF = 8.567 NGN
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1 NGN = 0.040 DOP
1 DOP = 25.236 NGN
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1 NGN = 0.061 CVE
1 CVE = 16.284 NGN
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1 NGN = 0.002 GEL
1 GEL = 564.305 NGN
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1 NGN = 0.007 GHS
1 GHS = 146.291 NGN
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1 NGN = 0.137 GYD
1 GYD = 7.319 NGN
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1 NGN = 0.002 ILS
1 ILS = 455.792 NGN
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1 NGN = 0.057 INR
1 INR = 17.670 NGN
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1 NGN = 0.079 ISK
1 ISK = 12.620 NGN
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1 NGN = 2.615 KHR
1 KHR = 0.382 NGN
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1 NGN = 0.084 KES
1 KES = 11.852 NGN
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1 NGN = 0.000 KWD
1 KWD = 5005.862 NGN
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1 NGN = 0.356 KZT
1 KZT = 2.807 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 = 169.900 NGN
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1 NGN = 1.373 MMK
1 MMK = 0.729 NGN
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1 NGN = 2.348 MNT
1 MNT = 0.426 NGN
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1 NGN = 0.030 MUR
1 MUR = 33.680 NGN
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1 NGN = 0.261 MRO
1 MRO = 3.836 NGN
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1 NGN = 0.010 MVR
1 MVR = 99.253 NGN
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1 NGN = 1.132 MWK
1 MWK = 0.883 NGN
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1 NGN = 0.001 NZD
1 NZD = 919.674 NGN
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1 NGN = 0.091 NPR
1 NPR = 11.039 NGN
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1 NGN = 0.037 PHP
1 PHP = 26.747 NGN
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1 NGN = 0.185 PKR
1 PKR = 5.403 NGN
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1 NGN = 0.944 RWF
1 RWF = 1.059 NGN
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1 NGN = 0.000 LTC
1 LTC = 173054.455 NGN
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1 NGN = 0.012 MXN
1 MXN = 82.395 NGN
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1 NGN = 0.024 NIO
1 NIO = 41.615 NGN
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1 NGN = 0.003 RON
1 RON = 354.316 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 = 1864.111 NGN
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1 NGN = 58.608 LBP
1 LBP = 0.017 NGN
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1 NGN = 0.004 LYD
1 LYD = 283.655 NGN
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1 NGN = 14.073 LAK
1 LAK = 0.071 NGN
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1 NGN = 2.884 MGA
1 MGA = 0.347 NGN
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1 NGN = 0.131 LRD
1 LRD = 7.637 NGN
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1 NGN = 0.034 MKD
1 MKD = 29.170 NGN
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1 NGN = 0.012 LSL
1 LSL = 86.045 NGN
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1 NGN = 0.005 MOP
1 MOP = 189.065 NGN
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1 NGN = 0.011 MDL
1 MDL = 91.063 NGN
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1 NGN = 0.012 NAD
1 NAD = 86.045 NGN
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1 NGN = 0.003 MYR
1 MYR = 361.848 NGN
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1 NGN = 0.000 OMR
1 OMR = 3974.596 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 = 376.111 NGN
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1 NGN = 0.001 PAB
1 PAB = 1528.590 NGN
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1 NGN = 0.002 PEN
1 PEN = 431.793 NGN
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1 NGN = 0.007 NOK
1 NOK = 150.422 NGN
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1 NGN = 0.002 PLN
1 PLN = 422.578 NGN
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1 NGN = 4.897 PYG
1 PYG = 0.204 NGN
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1 NGN = 0.002 QAR
1 QAR = 419.942 NGN
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1 NGN = 0.006 SBD
1 SBD = 179.838 NGN
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1 NGN = 0.002 SAR
1 SAR = 407.624 NGN
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1 NGN = 0.001 SGD
1 SGD = 1193.186 NGN
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1 NGN = 14.840 SLL
1 SLL = 0.067 NGN
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1 NGN = 0.021 THB
1 THB = 47.209 NGN
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1 NGN = 0.019 TWD
1 TWD = 51.845 NGN
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1 NGN = 0.027 UAH
1 UAH = 36.616 NGN
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1 NGN = 2.346 UGX
1 UGX = 0.426 NGN
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1 NGN = 0.024 SRD
1 SRD = 41.692 NGN
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1 NGN = 13.769 STD
1 STD = 0.073 NGN
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1 NGN = 0.027 TRY
1 TRY = 37.689 NGN
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1 NGN = 0.004 TTD
1 TTD = 224.965 NGN
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1 NGN = 0.002 TOP
1 TOP = 646.147 NGN
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1 NGN = 8.241 UZS
1 UZS = 0.121 NGN
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1 NGN = 0.158 YER
1 YER = 6.344 NGN
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1 NGN = 0.012 ZAR
1 ZAR = 86.045 NGN
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1 NGN = 0.065 RSD
1 RSD = 15.332 NGN
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1 NGN = 0.052 RUB
1 RUB = 19.256 NGN
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1 NGN = 0.372 SOS
1 SOS = 2.686 NGN
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1 NGN = 0.006 SVC
1 SVC = 174.696 NGN
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1 NGN = 8.506 SYP
1 SYP = 0.118 NGN
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1 NGN = 0.012 SZL
1 SZL = 86.045 NGN
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1 NGN = 0.002 TND
1 TND = 525.957 NGN
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1 NGN = 0.026 UYU
1 UYU = 38.091 NGN
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1 NGN = 17.099 VND
1 VND = 0.058 NGN
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1 NGN = 0.078 VUV
1 VUV = 12.889 NGN
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1 NGN = 0.002 WST
1 WST = 558.083 NGN
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1 NGN = 0.365 XAF
1 XAF = 2.737 NGN
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1 NGN = 0.002 XCD
1 XCD = 565.642 NGN
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1 NGN = 0.010 SCR
1 SCR = 105.195 NGN
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1 NGN = 0.006 SEK
1 SEK = 160.431 NGN
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1 NGN = 0.000 SHP
1 SHP = 2053.839 NGN
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1 NGN = 1.683 TZS
1 TZS = 0.594 NGN
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1 NGN = 0.001 USD
1 USD = 1528.590 NGN
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1 NGN = 0.066 XPF
1 XPF = 15.048 NGN
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1 NGN = 0.365 XOF
1 XOF = 2.737 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.