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Convert 100000 Nigerian Naira (NGN) to US Dollar (USD)
Exchange rates used for currency conversion updated on 23rd May 2013 ( 23/05/2013 )
Below you will find the latest exchange rate for exchanging Nigerian Naira (NGN) to US Dollar (USD) , a table containing most common conversions and a chart with the pair's evolution.
The Nigerian Naira (NGN) to US Dollar (USD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies om;ine and offline.
*Disclaimer: AVERAGE intraday quotes were used for this conversion. The exchange rate the system calculated between Nigerian Naira and US Dollar on 23/05/2013 is 1 NGN = 0.0063 USD
Nigeria is a country in Africa that borders the Gulf of Guinea on the Atlantic Ocean. The naira is the official currency of the country and is divided into 100 kobo. Denominations of the naira include N5, N10, N20, N50, N100, N200 and N500. Most banks do not offer currency exchange so visitors must find moneychangers in order to convert foreign currency into naira.
About US Dollar (USD)
The privately owned and government sanctioned United States Federal Reserve Bank manages the monetary policy for the United States dollar (USD). The USD is the the worlds most widely held reserve currency and the most traded currency in world currency trading markets. The USD is official currency in 14 countries and the unofficial or de facto currency in 37 others. The US dollar is the second largest currency in circulation having been surpassed by the euro. The USD is a floating fiat currency.