Nigeria Currency to INR: Current Conversion Options and Rates

Nigeria's currency, the Naira, is a popular choice for travelers and business people alike, especially those looking to convert it to the Indian Rupee (INR). The current conversion options for Nigeria currency to INR are numerous.

You can exchange Naira for INR at various currency exchange centers in Nigeria, such as Lagos and Abuja. The rates may vary depending on the location and the exchange service provider.

For online conversions, you can use reputable websites like Google or XE.com, which provide up-to-date conversion rates. The rates are usually based on the current market exchange rate.

Additional reading: How Are Spot Exchange Rates Determined

Currency Conversion is a breeze with the right tools. You can convert Nigerian Naira (NGN) to Indian Rupee (INR) using live currency rates, which are updated in real-time.

The current exchange rate is 1 Nigerian Naira = 17.8664 Indian Rupees, as shown in the conversion chart.

To convert NGN to INR, you can use a currency converter, which is available online. Simply type in the amount you want to convert, select NGN as the currency to convert from, and INR as the currency to convert to.

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The conversion rate is also available in a handy conversion table, which lists the equivalent INR values for different NGN amounts. For example, 1 NGN is equal to 0.056 INR, 5 NGN is equal to 0.28 INR, and so on.

Here's a table showing the conversion rates for different NGN amounts:

You can also use the currency charts to see the historical exchange rates and how they've changed over time.

The exchange rate between Nigerian Naira (NGN) and Indian Rupee (INR) is a crucial aspect to consider when converting currencies. As of 19/01/2025, 1 Indian Rupee is equivalent to 18.0017 Nigerian Naira.

You can find the current exchange rate on various online platforms, which also provide a live currency converter and a handy conversion table. Invert these currencies to get the NGN to INR rate.

The exchange rate history for converting Rupees (INR) to Nigerian Naira (NGN) shows fluctuations over the past few weeks. Here's a snapshot of the rates for the last 7 days:

The NGN/INR rate has seen an increase of +8.18% in the last six months, indicating that the Nigerian Naira has gained value compared to the Indian Rupee.

The exchange rate history for converting Rupees (INR) to Nigerian Naira (NGN) shows a fluctuating trend.

On January 11th, 2025, the exchange rate was 1 INR = 17.9994 NGN, which remained the same on January 10th, 2025.

The exchange rate on January 12th, 2025, was 1 INR = 18.0464 NGN, the highest value in the given period.

Here's a breakdown of the exchange rates for the given period:

The exchange rate on January 16th, 2025, was 1 INR = 17.9872 NGN, showing a slight decrease from the previous day's rate.

The Nigerian Naira has increased in value compared to the Indian Rupee, with a rise of +8.18% in the last six months.

The NGN to INR exchange rate has seen some fluctuations in the last 30 days, with a 30 day high of 0.0546 and a 30 day low of 0.0519.

The 30 day average for this exchange rate was 0.0526.

A change of -0.10 was observed in the NGN to INR exchange rate over the last 30 days.

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The NGN to INR exchange rate has also seen a 90 day high of 0.0558 and a 90 day low of 0.0485.

The 90 day average for this exchange rate was 0.0509, with a notable change of 4.81.

The NGN to EGP exchange rate's performance over the last 30 and 90 days isn't mentioned in the provided section, so we can't provide any specific data for this exchange rate.

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Factors affecting exchange rates are complex and multifaceted. Economic indicators, such as GDP growth, inflation, and interest rates, can significantly impact the exchange rate.

In my experience, a country's GDP growth rate can have a direct impact on its currency's value. For instance, if a country's GDP is growing rapidly, its currency may appreciate in value.

Geopolitical events, such as elections and trade agreements, can also influence the exchange rate. Elections can lead to uncertainty and market volatility, causing exchange rates to fluctuate.

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Central bank decisions, such as interest rate changes, can affect the exchange rate. A change in interest rates can influence the supply and demand of a currency, leading to changes in its value.

Here are some key factors that can affect exchange rates: