About the ZAR to NGN exchange rate

Today's ZAR-NGN Commentary

The current ZAR-NGN mid-market exchange rate is currently quite close to its minimal level of the past fourteen days. Its weakest value recorded during the last 14 days was ZAR 1 = NGN 24.6429 (it is now only 0.35% more than that), reached today at 3:37 PM. The strong contrast between the actual low value of the ZAR-NGN rate and the highest level (ZAR 1 = NGN 26.574) observed during the past two weeks means that, for instance, sending 3,500 ZAR today converts to approximately 6,453 NGN less than if you had exchanged your money at the best moment of the past 14 days.

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