Convert Nigerian Naira to Canadian Dollar
Please provide values below to convert Nigerian Naira [NGN] to Canadian Dollar [CAD], or Convert Canadian Dollar to Nigerian Naira.
How to Convert Nigerian Naira to Canadian Dollar
1 NGN = 1123.45166972477 CAD
Example: convert 15 NGN to CAD:
15 NGN = 15 × 1123.45166972477 CAD = 16851.7750458716 CAD
Nigerian Naira to Canadian Dollar Conversion Table
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.