Today's best rands - Nigerian naira exchange rates

About the ZAR to NGN exchange rate

Today's ZAR-NGN Commentary

The ZAR-NGN rate is at the moment near its maximal level of the last fourteen days. Its highest level during the last fourteen days was ZAR 1 = NGN 25.9676 (it is now only 0.57% less than that), attained last Wednesday. This high value of the ZAR-NGN rate is in stark contrast with the recent much lower level (ZAR 1 = NGN 24.6363) recorded on August 3, when sending 4,000 ZAR for instance converted into only 98,545 NGN (the exact same transfer converts to 103,275.92 NGN now - 4,730.92 NGN more).

Key facts about ZAR and NGN

• 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

• About the Nigerian naira

  Name:

  Nigerian naira

  Symbol:

  ₦

  Minor unit:

  1/100 Kobo

  Central Bank:

  Central Bank of Nigeria

  Country:

  Nigeria

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