1 CNY = 189.984 NGN
1 NGN = 0.005 CNY
(Mid-market exchange rate)
Last updated Mar 29, 2024 12:43 GMT
Below is the live and historical Chinese Yuan Renminbi (RMB) to Nigerian Naira rate chart so you can see today's rate - and how the rates have changed over time.
1 CNY = 189.984 NGN
Stat | Last 7 days | Last 30 days | Last 90 days | Last year | Selected period on chart |
---|---|---|---|---|---|
High | 195.734 | 226.834 | 226.588 | 226.588 | 226.834 |
Low | 186.059 | 186.059 | 118.548 | 64.728 | 186.059 |
Average | 188.74 | 211.672 | 178.078 | 116.347 | 211.27 |
Volatility | 5.2% | 21.92% | 91.14% | 250.06% | 21.92% |
1 CNY is worth 189.984 NGN today
At the current exchange rate of 189.984 , a sum of 4,000 Chinese Yuan Renminbi (RMB) is worth 759,936 Nigerian Naira.
The Chinese Yuan Renminbi (RMB) is currently stronger than the Nigerian Naira given that 1 CNY is equal to 189.984 NGN. Conversely, 1 NGN is worth 0.005 CNY.
Today, to buy 4,000 Chinese Yuan Renminbi (RMB), you need 759,936 Nigerian Naira. On the same date last year, you needed 267,380 Nigerian Naira for 4,000 Chinese Yuan Renminbi (RMB). This change indicates that the Chinese Yuan Renminbi (RMB) has become stronger against the Nigerian Naira by 183.92% over the past year.
The pair experienced high volatility of 250.06%.
High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.
Today's CNY to NGN exchange rate (189.851) is higher compared to yesterday's rate (186.201).
1 CNY | 189.98400 NGN |
5 CNY | 949.92000 NGN |
10 CNY | 1,899.84000 NGN |
20 CNY | 3,799.68000 NGN |
25 CNY | 4,749.60000 NGN |
50 CNY | 9,499.20000 NGN |
100 CNY | 18,998.40000 NGN |
250 CNY | 47,496.00000 NGN |
500 CNY | 94,992.00000 NGN |
1,000 CNY | 189,984.00000 NGN |
2,000 CNY | 379,968.00000 NGN |
5,000 CNY | 949,920.00000 NGN |
10,000 CNY | 1,899,840.00000 NGN |
1 NGN | 0.00526 CNY |
5 NGN | 0.02632 CNY |
10 NGN | 0.05264 CNY |
20 NGN | 0.10527 CNY |
25 NGN | 0.13159 CNY |
50 NGN | 0.26318 CNY |
100 NGN | 0.52636 CNY |
250 NGN | 1.31590 CNY |
500 NGN | 2.63180 CNY |
1,000 NGN | 5.26360 CNY |
2,000 NGN | 10.52720 CNY |
5,000 NGN | 26.31801 CNY |
10,000 NGN | 52.63601 CNY |
The currency code for Chinese Yuan Renminbi (RMB) is CNY.
The CNY currency symbol is 元.
Minor unit: 1/10 = Jiao
CNY rank by most traded currencies: 5
Avg proportion of daily world trade volume: 3.50%
CNY rank by strongest currencies (buying power): 46
The Chinese Yuan Renminbi (RMB) is the currency of 1 countries:
China
The currency code for Nigerian Naira is NGN.
The NGN currency symbol is ₦.
Minor unit: 1/100 = Kobo
NGN rank by most traded currencies: Not in top 40 traded currencies
Avg proportion of daily world trade volume: 0% (Low daily trade currency)
NGN rank by strongest currencies (buying power): 121
The Nigerian Naira is the currency of 1 countries:
Nigeria
Let's look at some practical information, ideas and tips to help you make sure you can get the most from your money when you convert Chinese Yuan Renminbi (RMB) to Nigerian Naira, to send a payment, for a trip overseas, when shopping online or to hold a balance in Nigerian Naira.
You can convert Chinese Yuan Renminbi (RMB) to Nigerian Naira either in a physical location or online. If you choose to exchange money at a currency exchange store, bank or at the airport, you'll be given your Nigerian Naira in cash. Or, you can choose to convert digitally, to send a payment overseas for example.
If you're exchanging money in a physical location you'll usually need to take the following steps:
Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:
Because banks, currency exchange offices and international payment services all set their own exchange rates, you'll need to shop around a little to find the best CNY to NGN exchange rate for your specific transaction.
Get to know the CNY/NGN mid-market exchange rate using reputable currency conversion tools, so you'll be able to see how the market is trending. You can often set up rate alerts so the service you choose will send you a message when the CNY/NGN mid-market exchange rate hits your preferred level. Once you see a rate you like, act fast to complete your transaction before markets move again.
Another smart option is to open a multi-currency account which lets you hold a selection of major world currencies, often including Chinese Yuan Renminbi (RMB) and Nigerian Naira. This can be helpful if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets or even if you simply love to shop online with international retailers. Because you can hold a balance in the currency or currencies of your choice, there's no need to convert from one currency to another unnecessarily - you can wait until exchange rates are favorable to avoid losing out.
You'll be able to exchange Nigerian Naira to Chinese Yuan Renminbi (RMB) in the same way as you'd exchange Chinese Yuan Renminbi (RMB) to Nigerian Naira. If you have Nigerian Naira in your pocket in cash, you can take them along to a currency exchange service and ask if they'll buy back in exchange for Nigerian Naira. Be aware that the exchange rate might not be great - so coming back from a trip with as little foreign cash as possible is a smart plan.
On the other hand, if you hold Chinese Yuan Renminbi (RMB) in a bank or specialist provider account, you'll be able to take advantage of online currency exchange services which can often offer fast, efficient and good value conversion which uses a better rate than a bank would.
You can exchange currencies in person at a currency exchange store, bank or airport, or use an online service instead. It's helpful to know that in person currency exchange options can offer a pretty poor deal overall, as exchange rates commonly include a markup - an extra fee. If you're exchanging somewhere with little local competition - like at an airport or hotel, for example - the chances are that the rate you get will be even worse.
A good alternative is to open a multi-currency account which lets you hold and exchange currencies digitally - and if you pick an account which also offers a linked debit card, you can make ATM withdrawals at home and abroad whenever you need cash. Digital specialist services can often offer a better exchange rate with lower overall costs compared to using your bank or exchanging cash in person - plus they're intuitive to use and let you manage your money with just your phone.
CNY | USD | HKD | CAD | EUR | GBP | AUD | INR | SGD | |
---|---|---|---|---|---|---|---|---|---|
To CNY | - | 7.22025 | 0.92271 | 5.32919 | 7.78848 | 9.11196 | 4.70363 | 0.08660 | 5.35223 |
To USD | 0.13850 | - | 0.12778 | 0.73795 | 1.07870 | 1.26150 | 0.65145 | 0.01199 | 0.74118 |
To HKD | 1.08377 | 7.82610 | - | 5.77636 | 8.44201 | 9.87654 | 5.09831 | 0.09386 | 5.80055 |
To CAD | 0.18765 | 1.35510 | 0.17312 | - | 1.46175 | 1.70946 | 0.88262 | 0.01625 | 1.00419 |
To EUR | 0.12840 | 0.92705 | 0.11846 | 0.68411 | - | 1.16949 | 0.60383 | 0.01112 | 0.68711 |
To GBP | 0.10975 | 0.79271 | 0.10125 | 0.58498 | 0.85508 | - | 0.51620 | 0.00951 | 0.58731 |
To AUD | 0.21260 | 1.53504 | 0.19614 | 1.13299 | 1.65610 | 1.93722 | - | 0.01841 | 1.13774 |
To INR | 11.54760 | 83.36860 | 10.65370 | 61.52210 | 89.92970 | 105.16900 | 54.31580 | - | 61.79720 |
To SGD | 0.18684 | 1.34920 | 0.17240 | 0.99583 | 1.45538 | 1.70269 | 0.87894 | 0.01618 | - |
The Chinese Yuan Renminbi (RMB) to Nigerian Naira exchange rate today is 189.984 . Use this guide to learn more about exchanging CNY to NGN in the easiest and best value way for your specific needs.
The CNY to NGN rate today is 189.984 . That means that 4,000 Chinese Yuan Renminbi (RMB) would be worth 759,936 Nigerian Naira.
Exchange CNY to NGN in person at a bank, currency exchange store or airport - or for a better exchange rate and to avoid standing in line in a physical store, use a digital service. Online currency exchange services are safe, intuitive and easy to use, to send payments internationally, or hold and exchange multiple currencies including CNY to NGN.
If you want to send money from China - or anywhere else in the world - to Nigeria, you'll be able to do so through your bank or an online specialist service like Wise. Specialist international money transfer services can often offer better exchange rates and lower overall costs for payments to Nigeria - plus, you'll be able to get everything arranged with just your laptop or phone.
The mid-market exchange rate is the rate that banks and currency exchange services get when they buy and sell currencies like Nigerian Naira and Chinese Yuan Renminbi (RMB) on wholesale markets. It's an important benchmark you can use to measure whether the exchange rate you're offered by a bank or exchange service is fair.
Usually banks and exchange services add a percentage margin - known as a markup - to the exchange rate they get themselves. But this markup can vary a lot, and in some cases pushes up the cost of currency exchange significantly. Learning about the mid-market rate and monitoring it can mean you get a better deal when you exchange currencies.
Get the live Chinese Yuan Renminbi (RMB) to Nigerian Naira exchange rate with our handy tools, to help you compare your options.
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