About the NGN to ZAR exchange rate

Today's NGN-ZAR Commentary

The current NGN-ZAR mid-market exchange rate is currently near its highest level of the past fourteen days. Its strongest value recorded during this period was NGN 1 = ZAR 0.0406 (the current rate of NGN 1 = ZAR 0.0404 is only 0.35% less than that), attained yesterday at 3:37 PM. The current high level of the NGN-ZAR is in stark contrast with the recent much lower level (NGN 1 = ZAR 0.0376) recorded on June 27, when a transfer of 4,000 Nigerian nairas for instance only gave you 150.52 ZAR (the same transfer is equal to 161.75 ZAR at the moment, a difference of 11.22 ZAR).

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