Today's best Nigerian nairas - rand exchange rates

About the NGN to ZAR exchange rate

Today's NGN-ZAR Commentary

The current NGN-ZAR mid-market exchange rate is as we're writting near its minimal level of the last fourteen days. Its minimal value we saw during the last fourteen days was NGN 1 = ZAR 0.0385 (only 0.58% lower than its current level of NGN 1 = ZAR 0.0387), last Wednesday. The strong contrast between the current low value of the NGN-ZAR and the highest level (NGN 1 = ZAR 0.0406) observed during the last fourteen days means that, for instance, sending 3,500 NGN today gives you around 7 ZAR less than if you had exchanged money on August 3.

Key facts about NGN and ZAR

• About the Nigerian naira

  Name:

  Nigerian naira

  Symbol:

  ₦

  Minor unit:

  1/100 Kobo

  Central Bank:

  Central Bank of Nigeria

  Country:

  Nigeria

• About the rand

  Name:

  rand

  Symbol:

  R

  Minor unit:

  1/100 Cent

  Central Bank:

  South African Reserve Bank

  Countries:

  Lesotho, Namibia, South Africa

  Rank in the most traded currencies:

  #20

Nigerian nairas (NGN) and rands (ZAR) exchange rates with other main currencies