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1 AUD is worth 1,054.16 NGN today
At the current exchange rate of 1,054.16 , a sum of 1,000 Australian Dollar is worth 1,054,160 Nigerian Naira.
The Australian Dollar is currently stronger than the Nigerian Naira given that 1 AUD is equal to 1,054.16 NGN. Conversely, 1 NGN is worth 0.001 AUD.
Today, to buy 1,000 Australian Dollar, you need 1,054,160 Nigerian Naira. On the same date last year, you needed 309,524 Nigerian Naira for 1,000 Australian Dollar. This change indicates that the Australian Dollar has become stronger against the Nigerian Naira by 241.16% over the past year.
The pair experienced high volatility of 253.88%.
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 AUD to NGN exchange rate (1,054.16) is higher compared to yesterday's rate (1,052.95).
The currency code for Australian Dollar is AUD.
The AUD currency symbol is $.
Minor unit: 1/100 = Cent
AUD rank by most traded currencies: 6
Avg proportion of daily world trade volume: 3.20%
AUD rank by strongest currencies (buying power): 14
The Australian Dollar is the currency of 11 countries:
Australia, Ashmore and Cartier Islands, Australian Antarctic Territory, Christmas Island, Cocos (Keeling) Islands, Coral Sea Islands, Heard Island and McDonald Islands, Norfolk Island, Kiribati, Nauru, Tuvalu
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:
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 Australian Dollar 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 Australian Dollar 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 AUD to NGN exchange rate for your specific transaction.
Get to know the AUD/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 AUD/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 Australian Dollar 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 Australian Dollar in the same way as you'd exchange Australian Dollar 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 Australian Dollar 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.
The Australian Dollar to Nigerian Naira exchange rate today is 1,054.16 . Use this guide to learn more about exchanging AUD to NGN in the easiest and best value way for your specific needs.
The AUD to NGN rate today is 1,054.16 . That means that 1,000 Australian Dollar would be worth 1,054,160 Nigerian Naira.
Exchange AUD 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 AUD to NGN.
If you want to send money from the Australia - 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 Australian Dollar 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 Australian Dollar to Nigerian Naira exchange rate with our handy tools, to help you compare your options.
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