The Nigerian Naira (NGN) is the official currency of Nigeria, a nation known for its cultural diversity and natural resources. The NGN symbolizes economic strength and stability in Nigeria, and its exchange rate holds significant importance in both local and international financial transactions.
Nigerian Naira (NGN) Exchange Rates List:
Where is Nigeria Located On the Global Map?
NGN Exchange Rates in Perspective:
Nigeria follows a managed floating exchange rate system, where the NGN’s value is influenced by factors like economic performance, inflation, and trade relationships with neighboring countries and global partners.
NGN vs. US Dollar (USD): The NGN to USD exchange rate is vital for Nigeria’s international trade, as many transactions, including exports of oil and agricultural products, are priced in USD.
NGN vs. Euro (EUR): Given Nigeria’s trade relations with European countries, the NGN to EUR rate is significant for businesses and travelers engaged in trade and tourism between Nigeria and Eurozone countries.
NGN vs. Ghanaian Cedi (GHS): Nigeria shares a border and economic ties with Ghana, making the NGN to GHS rate relevant for bilateral trade and investment activities.
NGN vs. Chinese Yuan (CNY): Fluctuations in the NGN to CNY rate can impact trade and economic cooperation between Nigeria and China, two nations with growing economic interactions.
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