NGN to PHP Exchange Rate - Convert Nigerian Naira to Philippine Peso

Converting from Nigerian Naira (NGN) to Philippine Peso (PHP)

What is Nigerian Naira (NGN)

Nigerian Naira (NGN) is the official currency of Nigeria, which is located in West Africa. The naira was introduced in 1973, replacing the pound at a rate of 2 naira equals 1 pound. The currency is subdivided into 100 kobo. The symbol for the naira is ₦, and it plays a crucial role in Nigeria’s economy, which is the largest in Africa.

The Naira is issued and regulated by the Central Bank of Nigeria (CBN). The CBN manages the currency's value and implements monetary policies to stabilize the economy. The exchange rate of the naira can be quite volatile, influenced by factors such as oil prices, inflation, and economic policies. Due to its reliance on oil, fluctuations in global oil prices can significantly impact the value of the naira against other currencies, including the Philippine peso.

Converting from NGN to other currencies may involve various fees depending on whether you are using a bank, a currency exchange service, or an online platform. It’s essential to check the current exchange rates as they can change rapidly. For example, if the exchange rate is 1 NGN = 0.13 PHP, this means that for every naira, you can get approximately 0.13 pesos.

What is Philippine Peso (PHP)

The Philippine Peso (PHP) is the official currency of the Philippines, which is an archipelago located in Southeast Asia. The peso has a long history, with roots tracing back to the Spanish colonial period. It is symbolized by ₱ and is subdivided into 100 centavos.

The Philippine peso is issued by the Bangko Sentral ng Pilipinas (BSP), which is the central bank of the country. The BSP is responsible for maintaining the stability of the currency, managing monetary policy, and regulating financial institutions within the country.

The peso has been relatively stable over the years, although it can experience fluctuations due to various factors, including economic performance, geopolitical events, and changes in foreign investments. For instance, if the current exchange rate is 1 PHP = 7.65 NGN, converting pesos back to naira will yield approximately 7.65 naira for each peso you exchange.

When converting between NGN and PHP, it is essential to compare exchange rates and consider any transaction fees. Using reliable currency converters or financial institutions can help individuals make informed decisions regarding their currency exchanges.

In summary, understanding the dynamics of both the Nigerian naira and the Philippine peso can aid travelers, businesses, and investors in making sound financial decisions while engaging in currency exchange between these two nations.

Nigerian Naira to Philippine Peso conversion table

NGN to PHP conversion table

Nigerian Naira (NGN)Philippine Peso (PHP)
1 NGN0.03494236798 PHP
2 NGN0.06988473596 PHP
3 NGN0.10482710394 PHP
4 NGN0.13976947192 PHP
5 NGN0.1747118399 PHP
6 NGN0.20965420788 PHP
7 NGN0.24459657585 PHP
8 NGN0.27953894383 PHP
9 NGN0.31448131181 PHP
10 NGN0.34942367979 PHP
100 NGN3.49423679792 PHP
200 NGN6.98847359585 PHP
300 NGN10.48271039377 PHP
400 NGN13.9769471917 PHP
500 NGN17.47118398962 PHP
600 NGN20.96542078755 PHP
700 NGN24.45965758547 PHP
800 NGN27.9538943834 PHP
900 NGN31.44813118132 PHP
1 000 NGN34.94236797925 PHP
2 000 NGN69.8847359585 PHP
5 000 NGN174.71183989624 PHP
10 000 NGN349.42367979249 PHP
20 000 NGN698.84735958497 PHP
50 000 NGN1 747.11839896243 PHP
100 000 NGN3 494.23679792485 PHP
Last updated May 22, 2025 at 08:55 AM