Today's best Nigerian nairas - rand exchange rates

About the NGN to ZAR exchange rate

Today's NGN-ZAR Commentary

The actual NGN-ZAR exchange rate is at the moment near its lowest value of the last fourteen days. Its minimal level we saw during the last two weeks was NGN 1 = ZAR 0.0385, last Wednesday. The strong difference between the current low value of the NGN-ZAR and the maximal value (NGN 1 = ZAR 0.0406) recorded during the last two weeks means that, for example, transferring 3,500 NGN now gives you roughly 7 ZAR less than if you had transferred money at the most advantageous moment of the past 14 days, 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