Current ZAR-NGN mid-market exchange rate

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Today's ZAR-NGN commentary

The actual ZAR-NGN exchange rate is now close to its highest level of the last 2-week period. The highest value recorded during this period was ZAR 1 = NGN 29.4664 (only 0.44% higher than its actual value of ZAR 1 = NGN 29.3378), attained yesterday at 7:00 PM. This high level of the ZAR-NGN differs significantly from the much lower value (ZAR 1 = NGN 28.7584) recorded on January 10, when sending 4,000 ZAR converted into only 115,033.55 NGN (the same transfer is equal to 117,351.2 NGN with the current rate, a difference of 2,317.65 NGN).

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


Minor Unit: 1/100 Kobo

Central Bank: Central Bank of Nigeria

Country(ies): Nigeria