Nigerian Naira
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1 NGN = 0.001 AUD
1 AUD = 1003.150 NGN
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1 NGN = 0.833 ARS
1 ARS = 1.201 NGN
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1 NGN = 1.948 BIF
1 BIF = 0.513 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 = 221.464 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 = 17.668 NGN
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1 NGN = 0.330 CRC
1 CRC = 3.027 NGN
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1 NGN = 0.014 CZK
1 CZK = 73.089 NGN
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1 NGN = 0.005 CNY
1 CNY = 213.266 NGN
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1 NGN = 0.004 DKK
1 DKK = 240.303 NGN
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1 NGN = 0.090 ETB
1 ETB = 11.102 NGN
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1 NGN = 5.677 GNF
1 GNF = 0.176 NGN
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1 NGN = 0.005 HRK
1 HRK = 217.729 NGN
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1 NGN = 10.679 IDR
1 IDR = 0.094 NGN
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1 NGN = 0.105 JMD
1 JMD = 9.554 NGN
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1 NGN = 0.057 KGS
1 KGS = 17.489 NGN
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1 NGN = 0.001 BAM
1 BAM = 917.130 NGN
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1 NGN = 0.001 ANG
1 ANG = 848.712 NGN
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1 NGN = 0.009 BWP
1 BWP = 112.387 NGN
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1 NGN = 0.001 BND
1 BND = 1193.279 NGN
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1 NGN = 1.904 CDF
1 CDF = 0.525 NGN
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1 NGN = 0.001 BZD
1 BZD = 759.487 NGN
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1 NGN = 21.425 BYR
1 BYR = 0.047 NGN
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1 NGN = 0.001 BGN
1 BGN = 917.130 NGN
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1 NGN = 0.001 CAD
1 CAD = 1117.554 NGN
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1 NGN = 0.085 DZD
1 DZD = 11.808 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 = 31.151 NGN
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1 NGN = 0.001 FJD
1 FJD = 681.075 NGN
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1 NGN = 0.000 GBP
1 GBP = 2057.765 NGN
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1 NGN = 0.000 FKP
1 FKP = 2057.765 NGN
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1 NGN = 0.005 GTQ
1 GTQ = 199.245 NGN
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1 NGN = 0.005 HKD
1 HKD = 194.743 NGN
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1 NGN = 0.221 HUF
1 HUF = 4.521 NGN
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1 NGN = 0.856 IQD
1 IQD = 1.168 NGN
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1 NGN = 27.517 IRR
1 IRR = 0.036 NGN
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1 NGN = 0.274 KMF
1 KMF = 3.646 NGN
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1 NGN = 0.904 KRW
1 KRW = 1.106 NGN
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1 NGN = 0.054 ALL
1 ALL = 18.410 NGN
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1 NGN = 0.080 BDT
1 BDT = 12.516 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 = 276.790 NGN
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1 NGN = 0.000 BCH
1 BCH = 813945.687 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 = 0.601 AOA
1 AOA = 1.663 NGN
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1 NGN = 0.001 BSD
1 BSD = 1528.590 NGN
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1 NGN = 0.622 CLP
1 CLP = 1.608 NGN
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1 NGN = 0.002 BYN
1 BYN = 466.745 NGN
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1 NGN = 2.665 COP
1 COP = 0.375 NGN
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1 NGN = 0.016 CUP
1 CUP = 63.760 NGN
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1 NGN = 0.000 ETH
1 ETH = 5682490.706 NGN
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1 NGN = 0.001 EUR
1 EUR = 1793.751 NGN
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1 NGN = 0.017 HNL
1 HNL = 58.377 NGN
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1 NGN = 0.047 GMD
1 GMD = 21.176 NGN
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1 NGN = 0.000 GIP
1 GIP = 2057.765 NGN
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1 NGN = 0.086 HTG
1 HTG = 11.656 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 = 10.337 NGN
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1 NGN = 0.045 AFN
1 AFN = 22.204 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 = 0.250 AMD
1 AMD = 3.995 NGN
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1 NGN = 0.001 CHF
1 CHF = 1918.500 NGN
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1 NGN = 0.116 DJF
1 DJF = 8.590 NGN
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1 NGN = 0.040 DOP
1 DOP = 25.245 NGN
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1 NGN = 0.061 CVE
1 CVE = 16.267 NGN
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1 NGN = 0.002 GEL
1 GEL = 564.564 NGN
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1 NGN = 0.007 GHS
1 GHS = 146.362 NGN
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1 NGN = 0.137 GYD
1 GYD = 7.310 NGN
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1 NGN = 0.002 ILS
1 ILS = 454.837 NGN
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1 NGN = 0.057 INR
1 INR = 17.668 NGN
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1 NGN = 0.079 ISK
1 ISK = 12.614 NGN
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1 NGN = 2.627 KHR
1 KHR = 0.381 NGN
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1 NGN = 0.085 KES
1 KES = 11.832 NGN
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1 NGN = 0.000 KWD
1 KWD = 5005.370 NGN
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1 NGN = 0.357 KZT
1 KZT = 2.803 NGN
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1 NGN = 0.197 LKR
1 LKR = 5.067 NGN
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1 NGN = 0.006 MAD
1 MAD = 169.976 NGN
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1 NGN = 1.373 MMK
1 MMK = 0.728 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 = 33.671 NGN
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1 NGN = 0.260 MRO
1 MRO = 3.848 NGN
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1 NGN = 0.010 MVR
1 MVR = 99.014 NGN
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1 NGN = 1.134 MWK
1 MWK = 0.882 NGN
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1 NGN = 0.001 NZD
1 NZD = 918.679 NGN
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1 NGN = 0.091 NPR
1 NPR = 11.038 NGN
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1 NGN = 0.037 PHP
1 PHP = 26.772 NGN
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1 NGN = 0.186 PKR
1 PKR = 5.389 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 = 174576.291 NGN
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1 NGN = 0.012 MXN
1 MXN = 82.299 NGN
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1 NGN = 0.024 NIO
1 NIO = 41.558 NGN
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1 NGN = 0.003 RON
1 RON = 353.642 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 = 1839.180 NGN
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1 NGN = 58.730 LBP
1 LBP = 0.017 NGN
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1 NGN = 0.004 LYD
1 LYD = 283.080 NGN
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1 NGN = 14.090 LAK
1 LAK = 0.071 NGN
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1 NGN = 2.888 MGA
1 MGA = 0.346 NGN
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1 NGN = 0.131 LRD
1 LRD = 7.625 NGN
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1 NGN = 0.034 MKD
1 MKD = 29.171 NGN
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1 NGN = 0.012 LSL
1 LSL = 86.160 NGN
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1 NGN = 0.005 MOP
1 MOP = 189.071 NGN
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1 NGN = 0.011 MDL
1 MDL = 90.332 NGN
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1 NGN = 0.012 NAD
1 NAD = 86.160 NGN
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1 NGN = 0.003 MYR
1 MYR = 362.116 NGN
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1 NGN = 0.000 OMR
1 OMR = 3971.106 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 = 368.867 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 = 430.858 NGN
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1 NGN = 0.007 NOK
1 NOK = 150.502 NGN
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1 NGN = 0.002 PLN
1 PLN = 421.490 NGN
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1 NGN = 5.074 PYG
1 PYG = 0.197 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 = 179.840 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 = 1193.279 NGN
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1 NGN = 14.849 SLL
1 SLL = 0.067 NGN
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1 NGN = 0.021 THB
1 THB = 47.201 NGN
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1 NGN = 0.019 TWD
1 TWD = 51.851 NGN
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1 NGN = 0.027 UAH
1 UAH = 36.574 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 = 41.704 NGN
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1 NGN = 13.766 STD
1 STD = 0.073 NGN
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1 NGN = 0.027 TRY
1 TRY = 37.706 NGN
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1 NGN = 0.004 TTD
1 TTD = 225.052 NGN
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1 NGN = 0.002 TOP
1 TOP = 634.910 NGN
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1 NGN = 8.301 UZS
1 UZS = 0.120 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 = 86.160 NGN
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1 NGN = 0.065 RSD
1 RSD = 15.310 NGN
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1 NGN = 0.052 RUB
1 RUB = 19.241 NGN
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1 NGN = 0.373 SOS
1 SOS = 2.680 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 = 86.160 NGN
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1 NGN = 0.002 TND
1 TND = 532.782 NGN
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1 NGN = 0.026 UYU
1 UYU = 38.238 NGN
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1 NGN = 17.108 VND
1 VND = 0.058 NGN
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1 NGN = 0.078 VUV
1 VUV = 12.795 NGN
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1 NGN = 0.002 WST
1 WST = 558.085 NGN
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1 NGN = 0.366 XAF
1 XAF = 2.735 NGN
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1 NGN = 0.002 XCD
1 XCD = 564.920 NGN
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1 NGN = 0.010 SCR
1 SCR = 102.861 NGN
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1 NGN = 0.006 SEK
1 SEK = 160.347 NGN
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1 NGN = 0.000 SHP
1 SHP = 2057.765 NGN
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1 NGN = 1.681 TZS
1 TZS = 0.595 NGN
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1 NGN = 0.001 USD
1 USD = 1528.590 NGN
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1 NGN = 0.067 XPF
1 XPF = 15.032 NGN
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1 NGN = 0.366 XOF
1 XOF = 2.735 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.