Convert Nigerian Naira to Australian Dollar
Please provide values below to convert Nigerian Naira [NGN] to Australian Dollar [AUD], or Convert Australian Dollar to Nigerian Naira.
How to Convert Nigerian Naira to Australian Dollar
1 NGN = 1000.98280146482 AUD
Example: convert 15 NGN to AUD:
15 NGN = 15 × 1000.98280146482 AUD = 15014.7420219723 AUD
Nigerian Naira to Australian 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.
Australian Dollar
The Australian Dollar (AUD) is the official currency of Australia, used in its territories and some Pacific Island nations.
History/Origin
Introduced in 1966, replacing the Australian pound, the AUD was initially pegged to the British pound and later transitioned to a floating exchange rate system in 1983.
Current Use
The AUD is widely used in Australia and its territories, serving as a major currency in international trade and finance, and is one of the most traded currencies globally.