NGN/ZAR
Market Open
15 Jun, 10:02
R
0. 011904
+0.000022
+0.1844%
R
101,389 Volume
R 0.011883
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NGNZAR Overview
NGNZAR denotes the exchange rate between the Nigerian Naira (NGN) and the South African Rand (ZAR), showing how much rand is equivalent to one naira. It is a quoted rate used to compare the relative value of both currencies in foreign-exchange markets.
Nigerian Naira (NGN) is the official currency of Nigeria in West Africa and is issued and regulated by the Central Bank of Nigeria (CBN). Its valuation is closely tied to Nigeria’s fiscal position, oil exports, and domestic monetary policy decisions made by the CBN.
South African Rand (ZAR) serves as the legal tender of South Africa and is managed by the South African Reserve Bank (SARB). The rand is among the region’s most traded currencies and typically reflects dynamics in mining and commodity exports, as well as broader capital flows across southern Africa.
Movements in NGNZAR are driven by shifts in supply and demand for each currency, interest-rate differentials, inflation trends, and central-bank interventions. Trade balances, commodity-price swings, cross-border capital flows and geopolitical developments in either country also influence the pair’s price.
Traders, businesses and investors monitor NGNZAR for trade settlement and hedging of currency exposure, as well as for speculative opportunities and signals about regional economic conditions.
Nigerian Naira (NGN) is the official currency of Nigeria in West Africa and is issued and regulated by the Central Bank of Nigeria (CBN). Its valuation is closely tied to Nigeria’s fiscal position, oil exports, and domestic monetary policy decisions made by the CBN.
South African Rand (ZAR) serves as the legal tender of South Africa and is managed by the South African Reserve Bank (SARB). The rand is among the region’s most traded currencies and typically reflects dynamics in mining and commodity exports, as well as broader capital flows across southern Africa.
Movements in NGNZAR are driven by shifts in supply and demand for each currency, interest-rate differentials, inflation trends, and central-bank interventions. Trade balances, commodity-price swings, cross-border capital flows and geopolitical developments in either country also influence the pair’s price.
Traders, businesses and investors monitor NGNZAR for trade settlement and hedging of currency exposure, as well as for speculative opportunities and signals about regional economic conditions.
NGNZAR Chart
NGNZAR FAQ
What is the current NGN/ZAR price?
The current rate is R0.011904, reflecting the latest available market price based on global forex liquidity and trading activity.
How much has the NGN/ZAR rate changed today?
The rate has changed by +0.000022 (+0.1844%) compared to the previous close, reflecting current forex market activity.
What was the previous closing rate?
The previous close was R0.011883, which serves as a reference point for measuring daily performance.
What does the daily range indicate?
The range shows the lowest and highest levels reached during the current trading session, helping assess volatility.
Why is NGN/ZAR moving up or down?
Movements in NGN/ZAR are driven by macroeconomic data, interest rate expectations, central bank policy, and overall market sentiment.
How is the percentage change calculated?
The percentage change (+0.1844%) is based on the difference between the current rate and the previous closing rate.
Is NGN/ZAR trending up or down right now?
If the current rate (R0.011904) is above the previous close (R0.011883), it indicates upward movement. If below, it suggests a downward trend.
Where can I track live rates and charts?
You can monitor real-time rates, charts, and key market data for NGN/ZAR directly on this page.
