Understanding the historical exchange rate between the Indian Rupee (INR) and the Nigerian Naira (NGN) is crucial for businesses, travelers, and individuals involved in international transactions. This article provides a detailed analysis of the INR to NGN exchange rate history, highlighting key statistics, influential factors, and tools for monitoring currency movements.
We use the mid-market rate for our Converter. This is for informational purposes only. You won’t receive this rate when sending money. Login to view send rates
Key Statistics: INR to NGN Exchange Rate
Analyzing historical data provides valuable insights into the volatility and trends of the INR to NGN exchange rate. Here’s a summary of key statistics over the last 7, 30, and 90 days:
Why Different Currencies Have Different Values?
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 16.509 | 16.736 | 17.666 |
| Low | 16.052 | 16.052 | 16.052 |
| Average | 16.286 | 16.523 | 16.979 |
| Volatility | 0.85% | 0.51% | 0.40% |
These statistics indicate the range within which the exchange rate has fluctuated, offering a perspective on potential risks and opportunities for currency exchange.
Historical Exchange Rate Trends
The historical data of INR to NGN exchange rates can reveal significant trends. The best day to exchange Indian rupees for Nigerian nairas was Friday, 22 November 2024, when 100 INR equaled 2,009.3918 NGN. Conversely, the worst day was Monday, 3 November 2025, when the exchange rate dropped to 100 INR = 1,625.7583 NGN.
Here's a glimpse of the daily rates from Thursday, 7 November 2024:
- Maximum (Friday, 22 November 2024): 1 INR = 20.0939 NGN
- Minimum (Monday, 3 November 2025): 1 INR = 16.2576 NGN
Price History of NGN / INR
Below is a detailed historical price history of NGN/INR, showcasing the fluctuations in the exchange rate over several months:
| Date | INR/NGN |
|---|---|
| Monday, 3 November 2025 | 16.2576 |
| Monday, 27 October 2025 | 16.5292 |
| Monday, 20 October 2025 | 16.6948 |
| Monday, 13 October 2025 | 16.4751 |
| Monday, 6 October 2025 | 16.5865 |
| Monday, 29 September 2025 | 16.7591 |
| Monday, 22 September 2025 | 16.9223 |
| Monday, 15 September 2025 | 17.0124 |
| Monday, 8 September 2025 | 17.1240 |
| Monday, 1 September 2025 | 17.3893 |
| Monday, 25 August 2025 | 17.5450 |
| Monday, 18 August 2025 | 17.5798 |
| Monday, 11 August 2025 | 17.5042 |
| Monday, 4 August 2025 | 17.3241 |
| Monday, 28 July 2025 | 17.6299 |
| Monday, 21 July 2025 | 17.7327 |
| Monday, 14 July 2025 | 17.7699 |
| Monday, 7 July 2025 | 17.8725 |
| Monday, 30 June 2025 | 17.9433 |
| Monday, 23 June 2025 | 17.9552 |
| Monday, 16 June 2025 | 17.9199 |
| Monday, 9 June 2025 | 18.1743 |
| Monday, 2 June 2025 | 18.5486 |
| Monday, 26 May 2025 | 18.5928 |
| Monday, 19 May 2025 | 18.7665 |
| Monday, 12 May 2025 | 18.8650 |
| Monday, 5 May 2025 | 19.0696 |
| Monday, 28 April 2025 | 18.8475 |
| Monday, 21 April 2025 | 18.8430 |
| Monday, 14 April 2025 | 18.6518 |
| Monday, 7 April 2025 | 18.0001 |
| Monday, 31 March 2025 | 17.9531 |
| Monday, 24 March 2025 | 17.8518 |
| Monday, 17 March 2025 | 17.7169 |
| Monday, 10 March 2025 | 17.4607 |
| Monday, 3 March 2025 | 17.1728 |
| Monday, 24 February 2025 | 17.3026 |
| Monday, 17 February 2025 | 17.3890 |
| Monday, 10 February 2025 | 17.1641 |
| Monday, 3 February 2025 | 19.3149 |
| Monday, 27 January 2025 | 17.9494 |
| Monday, 20 January 2025 | 18.0397 |
| Monday, 13 January 2025 | 17.8840 |
| Monday, 6 January 2025 | 18.0373 |
| Monday, 30 December 2024 | 18.0354 |
| Monday, 23 December 2024 | 18.2090 |
| Monday, 16 December 2024 | 18.2716 |
| Monday, 9 December 2024 | 18.5601 |
| Monday, 2 December 2024 | 19.7114 |
| Monday, 25 November 2024 | 19.9777 |
| Monday, 18 November 2024 | 19.7637 |
| Monday, 11 November 2024 | 19.8234 |
Currency Information
Understanding the basics of each currency is essential for informed decision-making:
- INR - Indian Rupee: The currency code is INR, and the currency symbol is ₹. The most popular exchange rate is INR to USD.
- NGN - Nigerian Naira: The currency code is NGN, and the currency symbol is ₦. The most popular exchange rate is NGN to USD.
Tools for Currency Conversion and Monitoring
Several tools are available to assist in currency conversion and monitoring:
- Currency Converter: Online tools that use the latest exchange rates to convert one currency to another.
- Rate Alerts: Services that notify you when a currency hits a specific rate.
- Historical Currency Rates: Analysis of rate trends over various periods (days, weeks, months, or years).
These tools provide real-time data and historical analysis, helping users make informed decisions about currency exchange.
Factors Influencing Exchange Rates
Currency exchange rates fluctuate due to several factors:
- Economic Activity: A strong economy and rising interest rates can attract foreign capital, increasing currency value.
- Market Sentiment: Changes in market expectations and speculative activities can intensify short-term fluctuations.
- Inflation: Higher inflation rates can lead to currency depreciation.
- Trade Imbalances: Trade deficits or surpluses can impact currency values.
- Central Bank Policies: Monetary policies of central banks influence currency values.
Practical Applications
The ability to quickly check today’s latest exchange rate for 1,000 INR to NGN and view detailed historical trends along with AI analysis and forecasts is invaluable. By tracking real-time and past exchange rate information, you can plan the timing of international payments, lock in favorable conversion opportunities, and secure the best exchange rate. This helps reduce cross-border remittance costs, optimize cash flow and usage efficiency, and make every international transaction more secure, transparent, and efficient.
Popular articles:
tags:
