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Nigerian naira to rand today

Nigerian naira · South African rand · reference rate

Reference rate

1NGN0.01222ZAR

+0.000033ZAR+0.27%against the rate of 05.11
The other way1ZAR81.8587NGN
Source
Frankfurter (central-bank reference rates, ECB-based) 1
Kind
reference rate, not the fixing of the central bank
Published
daily, working days of the central banks

A bank or a bureau will quote two other rates. It buys below this figure and sells above it; the gap is its margin, and a fee may come on top.

Nigerian naira and rand converter

Amount × the reference rate of the central banks. The answer is already worked out for an example; change the amount or the currency to recalculate.

100 NGN in rand

1.22ZAR

The other way:100 ZAR8,185.87NGN

At the reference rate, . How the rate is set

At a bank or a bureau you will get a different amount: it changes at its own buying and selling rates, not at this one, and may charge a fee.

Before you change money

Ask for the rate and the fee in writing and compare what you would get with this answer. The difference is what the exchange costs you.

Round amounts

At the reference rate of the central banks. Each amount has its own page where there is one.

NGN → ZAR · Rate
AmountIn ZAR
1 NGN0.01
10 NGN0.12
100 NGN1.22
1,000 NGN12.22
ZAR → NGN · Rate
AmountIn NGN
10 ZAR818.59
50 ZAR4,092.93
100 ZAR8,185.87
500 ZAR40,929.35
1,000 ZAR81,858.70
5,000 ZAR409,293.48
10,000 ZAR818,586.97
50,000 ZAR4,092,934.83

The rand against other currencies

Each row carries the date of its own rate. Rows marked “via USD” are worked out through the dollar from two sources named below.

CurrencyOne unit, in ZAROne ZAR, in the unitDayRate of
USDUS dollar16.44700.06080+0.0479+0.29% 1
EUREuro18.45260.05419+0.0041+0.02% 1
GBPBritish pound22.10770.04523+0.0130+0.06% 1
AUDAustralian dollar11.42150.08755−0.0657−0.57% 1
CADCanadian dollar11.75210.08509+0.0048+0.04% 1
CNYChinese yuan2.46810.4052+0.0077+0.31% 1
JPYJapanese yen0.10409.6176+0.00037+0.36% 1
NGNNigerian naira0.0122281.8587+0.000033+0.27% 1

The naira is the currency of Nigeria, and this page shows what it is worth in South African rand. The rate tells you how many rand you get for a given amount of naira, which is the figure that matters when you are pricing goods across the border, sending money to family, or working out what a trip will cost. Travellers and traders are the usual visitors here.

Where the rate comes from

The naira figure is taken from the reference source (Frankfurter), not from the central bank, and it carries the date of its own rate: . Rates are published once on working days, so treat the figure as the official rate of the day rather than a moving price.

Using the converter

Enter the amount you want to change, pick the direction, and the converter does the arithmetic.

Sources

Every figure on this page points here by its number.

  1. 1ReferenceFrankfurter, reference rates of central banks (ECB-based)frankfurter.devthe rates of this site, through the dollar
  2. 2WidgetTradingViewtradingview.comthe live widget only; never a printed figure