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Welcome to the CAD to NGN exchange rate history page. This page contains detailed daily historical exchange rates between CAD and NGN from 2025-3-8 to 2025-11-05, making it easy to look up and reference.
Understanding the Canadian Dollar (CAD)
The Canadian dollar has been issued since 1858 and was originally valued on the gold standard. The CAD is widely used in commodity trading, especially energy and agricultural products trading with the United States. As one of the world's major reserve currencies, the Canadian dollar is often regarded as a representative of commodity currency.
- Main unit: 1 yuan
- Supporting unit: 1 yuan = 100 fen
- ISO code: CAD
- Currency symbol: C$ or $
- Central Bank: Bank of Canada
- Exchange Rate System: Floating exchange rate system, determined by market supply and demand.
- Reserve currency: Yes, it is one of the world's important reserve currencies.
- Safe-haven currency: Some currencies are considered safe havens due to their economic stability and resource advantages.
- Banknote material: Polymer banknotes are durable and have strong anti-counterfeiting features.
- Metal composition: Nickel, copper, and steel alloys
- Denomination of banknotes: 5, 10, 20, 50, 100 CAD
- Coin denomination: 1, 5, 10, 25, 50 cents; 1, 2 yuan coins
- Paper currency size: Length approximately 152.4mm, width 69.85mm.
- language: en
- Currency name: Canadian Dollar
- Countries of Use: The official currency of Canada, also used by some Caribbean countries.
- Cross-border payment: Supported by SWIFT and other international payment platforms, the Canadian dollar has high liquidity in global trade and investment.
Understanding the Nigerian Naira (NGN)
The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.
- Main unit: Naira
- Supporting unit: 1 Naira = 100 Kobo
- ISO code: NGN
- Currency symbol: ₦
- Central Bank: Central Bank of Nigeria
- Exchange Rate System: Regulated floating exchange rate system
- Reserve currency: No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
- Safe-haven currency: No, there are significant fluctuations in exchange rates and strong capital controls.
- Banknote material: Most are paper-based, while some small denominations are made of polymer.
- Metal composition: Nickel-plated steel core, copper alloy, aluminum alloy, etc.
- Denomination of banknotes: 5, 10, 20, 50, 100, 200, 500, 1000 Naira
- Coin denomination: 50 Cobos, 1, 2 Naira (seldom used).
- Paper currency size: For example, 1000 Naira is approximately 151mm × 78mm.
- language: en
- Currency name: Nigerian Naira
- Countries of Use: Nigeria is the only country where it is used officially.
- Cross-border payment: Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.
Historical Exchange Rate Trends: 1 CAD to NGN
This section organizes the historical exchange rate data of 1 CAD to NGN, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.
1 CAD = 1036.49 NGN 21:30 Exchange Rate
Data Statistics:
| Period | Highest | Lowest | Average |
|---|---|---|---|
| Past 1 day | 1036.49 | 1036.49 | 1036.49 |
| Past 15 days | 1064.33 | 1026.57 | 1050.62 |
| Past 30 days | 1072.81 | 1026.57 | 1055.05 |
| Past 90 days | 1125.45 | 1026.57 | 1082.07 |
Below are the daily average exchange rates of CAD to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to CAD, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.
CAD to NGN - Last 7 Days
CAD NGN 2025-11-06
CAD NGN 2025-11-05
CAD NGN 2025-11-04
CAD NGN 2025-11-03
CAD NGN 2025-11-02
CAD NGN 2025-11-01
CAD NGN 2025-10-31
NGN to CAD - Last 7 Days
NGN CAD 2025-11-06
NGN CAD 2025-11-05
NGN CAD 2025-11-04
NGN CAD 2025-11-03
NGN CAD 2025-11-02
NGN CAD 2025-11-01
NGN CAD 2025-10-31
The CAD/NGN rate is down -12.62% in the six months.
Practical Considerations for Currency Exchange
The actual amount received during remittance is directly affected by the CAD to NGN exchange rate. Differences in rates offered by banks or platforms may lead to significant differences in the final amount. It’s recommended to compare real-time rates and fees from several providers before making a decision.
When conducting cross-border transactions, pay attention to real-time rates, the bid-ask spread, settlement fees, etc. Especially for large payments, even small differences in the CAD to NGN exchange rate can result in substantial changes in actual amounts.
Different banks or payment platforms use various pricing mechanisms. Some use mid-market rates; others add wider spreads, fees, and settlement times. Causes you to see CAD to NGN on Platform A as 7.10, while Platform B shows 7.02. Such differences can be significant for large transactions.
By examining the recent fluctuations in the exchange rate between CAD and NGN, you can determine whether the current exchange rate is high or low, helping you decide whether to immediately remit, lock up the exchange, or delay the transaction to obtain a better price. Look at the charts of CAD to NGN over the past few months. If the trend is upward, it means CAD is appreciating and exchanging to NGN is more cost-effective; if downward, you may want to act quickly to exchange at a better rate.
TODAY 1 GBP to CAD - Convert British Pounds to Canadian Dollars Currency Exchange Rates 25 JULY 2024
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness.
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