Current ZAR-NGN mid-market exchange rate

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Today's ZAR-NGN commentary

The ZAR-NGN interbank rate is at the moment close to its highest level of the last 14 days. Its maximal value observed during the last two weeks was ZAR 1 = NGN 27.4564 (only 0.59% higher than its current level of ZAR 1 = NGN 27.2942),. This actual high value of the ZAR-NGN exchange rate is in strong contrast with the recent much lower level (ZAR 1 = NGN 26.0362) recorded , when a transfer of 4,000 ZAR for example only gave you 104,144.87 NGN (the same amount gives you 109,176.78 NGN with the current rate).


ZAR Profile

Name: South African rand

Symbol: R

Minor Unit: 1/100 Cent

Central Bank: South African Reserve Bank

Country(ies): Lesotho, Namibia, South Africa

Rank in the most traded currencies: #20

NGN Profile

Name: Nigerian naira

Symbol:

Minor Unit: 1/100 Kobo

Central Bank: Central Bank of Nigeria

Country(ies): Nigeria