This article provides a detailed look at the exchange rate between the Nigerian Naira (NGN) and the South African Rand (ZAR). It includes current conversion rates, historical data, and tools to help you understand and track the fluctuations between these two currencies. The information presented is for informational purposes only.
Current Exchange Rate
As of today, the exchange rate is approximately 0.0121 ZAR for 1 NGN. This means that 1 Nigerian Naira is worth about ZAR 0.0121.
For example, 3000 NGN is equivalent to 36.29 ZAR based on the current exchange rate of 0.0121.
Quick Conversions:
- 0.5 NGN = ZAR 0.0060
- 1 NGN = ZAR 0.0121
- 5 NGN = ZAR 0.0605
- 10 NGN = ZAR 0.12
- 50 NGN = ZAR 0.60
- 100 NGN = ZAR 1.21
- 500 NGN = ZAR 6.05
- 1,000 NGN = ZAR 12.10
Inverse Conversions:
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- 0.5 ZAR = NGN 41.33
- 1 ZAR = NGN 82.66
- 5 ZAR = NGN 413.28
- 10 ZAR = NGN 826.57
- 50 ZAR = NGN 4,132.83
- 100 ZAR = NGN 8,265.66
- 500 ZAR = NGN 41,328.30
- 1,000 ZAR = NGN 82,656.60
Historical Exchange Rate Data
Historical exchange rates are essential for investors and travelers looking to understand currency trends. The following table summarizes the recent exchange rate statistics between NGN and ZAR.
Spot and Forward Exchange Rates Explained in 5 Minutes
NGN to ZAR Exchange-Rate Statistics
Here's a look at the high, low, average, and volatility of the NGN to ZAR exchange rate over the last 7, 30, and 90 days:
| Statistic | Last 7 Days | Last 30 Days | Last 90 Days |
|---|---|---|---|
| High | 0.012158 | 0.012158 | 0.012158 |
| Low | 0.011777 | 0.011653 | 0.011358 |
| Average | 0.011985 | 0.011857 | 0.011661 |
| Volatility | 0.97% | 0.78% | 0.58% |
Currency Information
Nigerian Naira (NGN)
The Nigerian Naira is the official currency of Nigeria. The currency code is NGN, and the currency symbol is ₦. The most popular Nigerian Naira exchange rate is the NGN to USD rate.
South African Rand (ZAR)
The South African Rand is the official currency of South Africa. The currency code is ZAR, and the currency symbol is R. The most popular South African Rand exchange rate is the ZAR to USD rate.
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