CAD to NGN Exchange Rate - Convert Canadian Dollar to Nigerian Naira

Converting from Canadian Dollar (CAD) to Nigerian Naira (NGN)

What is Canadian Dollar (CAD)

The Canadian Dollar (CAD) is the official currency of Canada, represented by the symbol “$” or sometimes “C$” to distinguish it from other dollar-denominated currencies. It has various denominations, including coins (known as "loonies" for the $1 coin and "toonies" for the $2 coin) and paper notes in $5, $10, $20, $50, and $100.

The Canadian Dollar is one of the most traded currencies in the world and is considered a significant currency in the forex market. Its value can fluctuate based on various factors, including commodities prices, economic data, and political stability. Canada has vast natural resources, making its economy heavily reliant on oil and other exports, which can directly impact the strength of the CAD against other currencies.

What is Nigerian Naira (NGN)

The Nigerian Naira (NGN) is the official currency of Nigeria and is symbolized by “₦.” The Naira is subdivided into 100 kobo. Since its introduction in 1973, the Naira has undergone several changes in its design and security features. Various denominations are available, including coins (₦1, ₦2, and ₦5) and banknotes in ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.

The Nigerian economy is largely driven by oil revenues, agriculture, and trade. Due to fluctuations in oil prices and economic conditions, the value of the Naira can be volatile. Over the years, the Central Bank of Nigeria has tried to stabilize the Naira through various monetary policies, but it often faces challenges related to inflation and foreign exchange reserves.

Converting Between CAD and NGN

When converting from CAD to NGN, the exchange rate plays a crucial role. This rate is determined by the market and can change frequently based on supply and demand for both currencies. To convert Canadian Dollars to Nigerian Naira, a simple formula can be applied:

Amount in NGN = Amount in CAD × Current Exchange Rate (CAD to NGN)

For example, if you have 100 CAD and the current exchange rate is 3,000 NGN per CAD, the conversion would be:

Amount in NGN = 100 CAD × 3,000 NGN/CAD = 300,000 NGN

It is essential to note that online platforms, banks, and currency exchange services may charge fees or offer slightly different rates, so it's recommended to check multiple sources before converting currency.

In summary, understanding the basics of both the Canadian Dollar and the Nigerian Naira, along with the process of conversion, helps individuals and businesses effectively manage their international transactions.

Canadian Dollar to Nigerian Naira conversion table

CAD to NGN conversion table

Canadian Dollar (CAD)Nigerian Naira (NGN)
1 CAD1 160.21652366756 NGN
2 CAD2 320.43304733512 NGN
3 CAD3 480.64957100267 NGN
4 CAD4 640.86609467023 NGN
5 CAD5 801.08261833779 NGN
6 CAD6 961.29914200535 NGN
7 CAD8 121.5156656729 NGN
8 CAD9 281.73218934046 NGN
9 CAD10 441.94871300802 NGN
10 CAD11 602.16523667558 NGN
100 CAD116 021.65236675578 NGN
200 CAD232 043.30473351156 NGN
300 CAD348 064.95710026735 NGN
400 CAD464 086.60946702313 NGN
500 CAD580 108.26183377891 NGN
600 CAD696 129.91420053469 NGN
700 CAD812 151.56656729047 NGN
800 CAD928 173.21893404625 NGN
900 CAD1 044 194.87130080204 NGN
1 000 CAD1 160 216.52366755782 NGN
2 000 CAD2 320 433.04733511564 NGN
5 000 CAD5 801 082.61833778909 NGN
10 000 CAD11 602 165.23667557818 NGN
20 000 CAD23 204 330.47335115636 NGN
50 000 CAD58 010 826.1833778909 NGN
100 000 CAD116 021 652.3667557818 NGN
Last updated May 8, 2025 at 11:55 PM