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Farmer to Nigerian Naira (农民 to NGN)

农民 to NGN Converter and calculator

农民/NGN: 1 农民 = 0.006716 NGN. The price of converting 1 Farmer (农民) to Nigerian Naira (NGN) is 0.006716 NGN today.
农民
农民
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides 农民 to NGN real-time exchange rates, making it easy to convert Farmer (农民) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 农民 is currently valued at 0.006716 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 农民 is currently valued at 0.006716 NGN, which means buying 5 农民 would cost 0.03358 NGN. Similarly, ₦1 NGN can be converted to 148.9 农民, and ₦50 NGN can be converted to 744.49 农民, excluding any platform or gas fees.

Convert 农民 to NGN

Convert NGN to 农民

Farmer
Nigerian Naira
1 农民
0.006716  NGN
Exchange 1 农民 for 0.006716 NGN
2 农民
0.01343  NGN
Exchange 2 农民 for 0.01343 NGN
5 农民
0.03358  NGN
Exchange 5 农民 for 0.03358 NGN
10 农民
0.06716  NGN
Exchange 10 农民 for 0.06716 NGN
20 农民
0.1343  NGN
Exchange 20 农民 for 0.1343 NGN
50 农民
0.3358  NGN
Exchange 50 农民 for 0.3358 NGN
100 农民
0.6716  NGN
Exchange 100 农民 for 0.6716 NGN
200 农民
1.34  NGN
Exchange 200 农民 for 1.34 NGN
500 农民
3.36  NGN
Exchange 500 农民 for 3.36 NGN
1000 农民
6.72  NGN
Exchange 1000 农民 for 6.72 NGN
5000 农民
33.58  NGN
Exchange 5000 农民 for 33.58 NGN
10000 农民
67.16  NGN
Exchange 10000 农民 for 67.16 NGN
In the table above, you'll find a comprehensive 农民 to NGN converter that shows the value of Farmer in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 农民 to NGN, all the way up to 10000 农民, providing a clear view of their respective values.
Nigerian Naira
Farmer
1 NGN
148.9 农民
Exchange 1 NGN for 148.9 农民
10 NGN
1,488.97 农民
Exchange 10 NGN for 1,488.97 农民
50 NGN
7,444.87 农民
Exchange 50 NGN for 7,444.87 农民
100 NGN
14,889.74 农民
Exchange 100 NGN for 14,889.74 农民
200 NGN
29,779.47 农民
Exchange 200 NGN for 29,779.47 农民
500 NGN
74,448.69 农民
Exchange 500 NGN for 74,448.69 农民
1000 NGN
148,897.37 农民
Exchange 1000 NGN for 148,897.37 农民
2000 NGN
297,794.75 农民
Exchange 2000 NGN for 297,794.75 农民
5000 NGN
744,486.87 农民
Exchange 5000 NGN for 744,486.87 农民
10000 NGN
1,488,973.74 农民
Exchange 10000 NGN for 1,488,973.74 农民
50000 NGN
7,444,868.71 农民
Exchange 50000 NGN for 7,444,868.71 农民
100000 NGN
14,889,737.43 农民
Exchange 100000 NGN for 14,889,737.43 农民
In the table above, you'll find a comprehensive NGN to 农民 converter that shows the value of Nigerian Naira in Farmer across commonly used conversion amounts. The list covers conversions from 1 NGN to 农民, all the way up to 100000 NGN, providing a clear view of their respective values.

农民 to NGN chart

农民/NGN: 1 农民 = 0.006716 NGN; 2026/01/10 09:17:50
In the past 1D, Farmer has changed +0.01% to NGN. Based on the trend and price charts, Farmer(农民) has changed +0.01% to NGN while Nigerian Naira(NGN) has changed % to 农民 in the last 24 hours.
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农民 to NGN conversion data: Volatility and price changes of Farmer in NGN

The highest Farmer price in NGN over the past 7 days was -- NGN while the lowest Farmer price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in Farmer price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and 农民 to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.006716 NGN
-- NGN
-- NGN
-- NGN
Low
0.006641 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.01%
--
--
--

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Bitget P2P trading does not currently support direct buying of 农民 with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy 农民 with USDT via Bitget spot market.
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Farmer information

农民 to NGN market statistics

农民/NGN:
₦0.006716
农民 24h volume:
₦73,645.19
农民 market cap:
₦6,716,035.15
农民 circulating supply:
1.00B 农民

Current 农民 to NGN exchange rate

Farmer to Nigerian Naira is falling this week.
Farmer's current market price is ₦0.006716 per 农民, with a total market cap of ₦6,716,035.15 NGN based on a circulating supply of 1,000,000,000 农民. The trading volume of Farmer has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, 农民's trading volume was ₦--.

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Nigerian Naira information

About the Nigerian Naira (NGN)

What Is the Nigerian Naira (NGN)?

The Nigerian Naira is the official currency of Nigeria, a country in West Africa. The Naira is symbolized by ₦ and has the currency code NGN. One Naira is divided into 100 Kobo. As Africa's largest economy, Nigerian Naira plays a crucial role both domestically and in the African financial landscape. The Nigerian Naira is the sole legal tender in Nigeria, and it is used for all transactions within the country.

The Nigerian Naira is issued by the Central Bank of Nigeria (CBN), which is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The CBN is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining the value of the Naira.

What Is the History of NGN?

The Nigerian Naira, introduced on January 1, 1973, marked a significant milestone in Nigeria's economic history, replacing the Nigerian pound at a rate of 2 Naira for 1 pound. This transition signified Nigeria's shift from the British pound sterling to a distinct and independent decimal currency system. The name 'Naira' was derived from 'Nigeria', symbolizing the nation's sovereignty in monetary matters. The initial series of banknotes and coins were the first to be issued by an independent Nigeria, with the coins being the last to feature Queen Elizabeth II, reflecting the country's colonial history.

Notes and Coins of NGN

The Nigerian Naira (NGN) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50 Kobo, 1 Naira, and 2 Naira. Banknotes are issued in denominations of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.

What Is eNaira?

The eNaira is the first African central bank digital currency (CBDC). Launched on October 25, 2021, by President Muhammadu Buhari, the eNaira is issued and regulated by the Central Bank of Nigeria (CBN). It operates as a legal tender, just like physical Naira, but in a digital form, maintaining a one-to-one value with the traditional Naira. The eNaira aims to enhance financial inclusion, improve payment efficiency, and facilitate seamless cross-border transactions. It operates on a blockchain network, allowing peer-to-peer transactions without intermediaries, distinguishing itself from decentralized cryptocurrencies like Bitcoin by running on a private blockchain controlled by the CBN. Users access the eNaira through digital wallets, with transactions promising speed, reduced costs, and increased convenience.

Is NGN Pegged to GBP?

No, the Nigerian Naira (NGN) is not pegged to the British Pound Sterling (GBP). The Naira operates on a floating exchange rate system, where its value is determined by market forces based on supply and demand in the foreign exchange market.

Historically, Nigeria used the British Pound Sterling during its time as a British colony and for some years after gaining independence. However, in 1973, Nigeria introduced the Naira to replace the Pound Sterling and established its own monetary system. Since then, the Naira has not been pegged to the Pound Sterling or any other foreign currency but has been subject to fluctuations in the international currency markets.

Is NGN a Stable Currency?

The Nigerian Naira (NGN) has historically faced challenges regarding stability. The Naira had been experiencing significant fluctuations, largely due to factors such as political instability, economic challenges, and fluctuations in oil prices, which is a major revenue source for Nigeria. For instance, in 2021, the official exchange rate of the Naira to the US Dollar was around 380 NGN to 1 USD, while the parallel market rate was much higher, around 475 NGN to 1 USD. In June 2023, the Naira fell 23% in a day to a rate of ₦600 to US$1. This discrepancy indicates ongoing challenges in achieving currency stability.

Bitget crypto-to-fiat exchange data shows that the most popular Farmer currency pair is the 农民 to NGN, with for Farmer's currency code being 农民. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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农民 to NGN Conversion tables

The exchange rate of Farmer is decreasing.
The exchange rate of 1 农民 to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.01%, reaching a high of 0.006716 NGN and a low of 0.006641 NGN . One month ago, the value of 1 农民 was ₦-- NGN , which represents a --% change from its current value. Over the last year, Farmer has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 09:17 am today 24 hours ago 24h change
0.5 农民
₦0.003358₦--
+0.01%
1 农民
₦0.006716₦--
+0.01%
5 农民
₦0.03358₦--
+0.01%
10 农民
₦0.06716₦--
+0.01%
50 农民
₦0.3358₦--
+0.01%
100 农民
₦0.6716₦--
+0.01%
500 农民
₦3.36₦--
+0.01%
1000 农民
₦6.72₦--
+0.01%

农民 to NGN FAQ

How much is 1 Farmer in NGN?
Right now, the price of 1 Farmer (农民) in Nigerian Naira (NGN) is ₦0.006716.
How much 农民 can I buy for 1 NGN?
Based on the current exchange rate, you can get 148.9 农民 for 1 NGN.
How do I calculate or convert 农民 to NGN?
You can use our 农民 to NGN calculator at the top of this page to convert any amount of 农民 to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 744.49 农民, while 5 农民 will cost around 0.03358NGN.
What is the highest price of 农民/NGN in history?
The all-time high price of 1 农民 in NGN is --. It remains to be seen if the value of 1 农民/NGN will exceed the current all-time high.
What is the price trend of Farmer in NGN?
Over the past 7 days, the exchange rate of Farmer (农民) has gone down by --.   Over the last month, the exchange rate of Farmer (农民) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of 农民 to NGN?

There are many factors that affect the relationship between Farmer and Nigerian Naira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of 农民/NGN. When there is positive news in the market about the widespread adoption of 农民 or major technological breakthroughs, it tends to trigger market optimism and drive the rise of 农民/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in 农民/NGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of 农民/NGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Farmer and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Farmer currency pairs: 农民 to US Dollar (USD), 农民 to Euro (EUR), 农民 to Pound Sterling (GBP), 农民 to Canadian Dollar (CAD), 农民 to Indian Rupee (INR), 农民 to Pakistani Rupee (PKR), 农民 to Brazilian Real (BRL), 农民 to…
The price of Farmer in the US is $0.₹0.00042414698 USD. Additionally, Farmer’s price is €0.{5}4038 EUR in the eurozone, £0.{5}3504 GBP in the UK, C$0.{5}6540 CAD in Canada, {5} INR in India, ₨0.001316 PKR in Pakistan, R$0.{4}2525 BRL in Brazil, and more.
The most popular Farmer currency pair is the 农民 to Nigerian Naira(NGN). The price of 1 Farmer (农民) in Nigerian Naira (NGN) is ₦0.006716.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
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