JPY to NGN - Convert Japanese Yen to Nigerian Naira

Convert JPY to NGN using our currency converter with real exchange rate today

1 JPY = 10.398 NGN

1 NGN = 0.096 JPY

(Mid-market exchange rate)

Last updated Jul 22, 2024 12:10 GMT

JPY to NGN conversion chart

Below is the live and historical Japanese Yen to Nigerian Naira rate chart so you can see today's rate - and how the rates have changed over time.

1 JPY = 10.398 NGN

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1,000 Japanese Yen to Nigerian Naira stats | JPY to NGN

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 10.558 10.558 10.398 10.92 10.558
Low 10.049 9.34 7.418 5.01 9.34
Average 10.249 9.767 9.388 7.389 9.767
Volatility 5.07% 13.04% 40.17% 117.96% 13.04%

What is the Japanese Yen worth against the Nigerian Naira today?

1 JPY is worth 10.398 NGN today

How much is 1,000 JPY worth in NGN?

At the current exchange rate of 10.398 , a sum of 1,000 Japanese Yen is worth 10,398 Nigerian Naira.

Which currency is stronger? JPY or NGN?

The Japanese Yen is currently stronger than the Nigerian Naira given that 1 JPY is equal to 10.398 NGN. Conversely, 1 NGN is worth 0.096 JPY.

Overview of JPY to NGN Performance and Trends

Today, to buy 1,000 Japanese Yen, you need 10,398 Nigerian Naira. On the same date last year, you needed 5,617 Nigerian Naira for 1,000 Japanese Yen. This change indicates that the Japanese Yen has become stronger against the Nigerian Naira by 85.12% over the past year.

The pair experienced high volatility of 117.96%.

High volatility means there is a higher risk of significant price changes. It is better to closely monitor the exchange rate in such situations.

JPY to NGN Currency Performance and Volatility

Last 7 Days

  • Performance: ¥1,000 varied between ₦10.049 (weekly low) and ₦10.558 (weekly high), a variance of ₦0.509 .
  • Volatility: Fluctuated by 5.07%.

Last 30 Days

  • Performance: ¥1,000 varied between ₦9.34 (30-day low) to ₦10.558 (30-day high), a variance of ₦1.218 .
  • Volatility: Fluctuated by 13.04%.

Last 90 Days

  • Performance: ¥1,000 varied between ₦7.418 (90-day low) to ₦10.398 (90-day high), a variance of ₦2.98 .
  • Volatility: Fluctuated by 40.17%.

Last Year

  • Performance: ¥1,000 ranged from ₦5.01 (yearly low) to ₦10.92 (yearly high), a variance of ₦5.91 .
  • Volatility: Fluctuated by 117.96%.

JPY to NGN Forecast and trending

Is the Japanese Yen going up or down against the Nigerian Naira?

Today's JPY to NGN exchange rate (10.398) is higher compared to yesterday's rate (10.332).

Currency information

JPY - Japanese Yen

The currency code for Japanese Yen is JPY.

The JPY currency symbol is ¥.

Minor unit: 1/100 = Sen

JPY rank by most traded currencies: 3

Avg proportion of daily world trade volume: 8.35%

JPY rank by strongest currencies (buying power): 103

The Japanese Yen is the currency of 1 countries:
Japan

More Japanese Yen (JPY) information >

NGN - Nigerian Naira

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

More Nigerian Naira (NGN) information >

Understanding JPY to NGN Currency Exchange: Our Top Tips

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 Japanese Yen to Nigerian Naira, to send a payment, for a trip overseas, when shopping online or to hold a balance in Nigerian Naira.

How to convert JPY to NGN?

You can convert Japanese Yen 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:

  • Choose an exchange service that suits your needs
  • Head there with the money in Japanese Yen cash to exchange
  • Get a quote for the exchange rate and any commission or fee you need to pay
  • Hand over your money and receive your Nigerian Naira in cash

Exchanging your money digitally is often easier. As an example, here's how to send a payment overseas:

  • Choose an international payment service that suits your needs and head to their desktop site, or download their app
  • Tap Send Payment
  • Enter the amount in Japanese Yen you want to send, or the amount in Nigerian Naira you want your recipient to get in the end
  • You'll be shown a quote for the exchange rate and any commission or fee you need to pay
  • Choose your preferred payment method, and follow the prompts to pay
  • Your money will be deposited to your recipient's bank account directly, in Nigerian Naira

How to get the best JPY to NGN exchange rate?

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 JPY to NGN exchange rate for your specific transaction.

Get to know the JPY/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 JPY/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 Japanese Yen 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.

How to buy Japanese Yen with Nigerian Naira?

You'll be able to exchange Nigerian Naira to Japanese Yen in the same way as you'd exchange Japanese Yen 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 Japanese Yen 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.

Where to exchange JPY to NGN?

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.

Frequently asked questions when converting Japanese Yen to Nigerian Naira (JPY to NGN)

How much is the Japanese Yen to Nigerian Naira?

The Japanese Yen to Nigerian Naira exchange rate today is 10.398 . Use this guide to learn more about exchanging JPY to NGN in the easiest and best value way for your specific needs.

How much is 1,000 Japanese Yen to the Nigerian Naira?

The JPY to NGN rate today is 10.398 . That means that 1,000 Japanese Yen would be worth 10,398 Nigerian Naira.

How to exchange Japanese Yen to Nigerian Naira?

Exchange JPY 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 JPY to NGN.

How to send money to Nigeria?

If you want to send money from Japan - 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.

What is the Mid-Market Rate?

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 Japanese Yen 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 Japanese Yen to Nigerian Naira exchange rate with our handy tools, to help you compare your options.

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