NGN to CNY - Convert Nigerian Naira to Chinese Yuan Renminbi (RMB)

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

1 NGN = 0.0044 CNY

1 CNY = 227.2727 NGN

(Mid-market exchange rate)

Last updated Jul 22, 2024 11:15 GMT

NGN to CNY conversion chart

Below is the live and historical Nigerian Naira to Chinese Yuan Renminbi (RMB) rate chart so you can see today's rate - and how the rates have changed over time.

1 NGN = 0.0044 CNY

Loading...

1,000 Nigerian Naira to Chinese Yuan Renminbi (RMB) stats | NGN to CNY

Stat Last 7 days Last 30 days Last 90 days Last year Selected period on chart
High 0.0046 0.0048 0.0063 0.0099 0.0048
Low 0.0044 0.0044 0.0044 0.0044 0.0044
Average 0.0045 0.0047 0.0049 0.0071 0.0047
Volatility 4.55% 9.09% 43.18% 125% 9.09%

What is the Nigerian Naira worth against the Chinese Yuan Renminbi (RMB) today?

1 NGN is worth 0.0044 CNY today

How much is 1,000 NGN worth in CNY?

At the current exchange rate of 0.0044 , a sum of 1,000 Nigerian Naira is worth 4.4 Chinese Yuan Renminbi (RMB).

Which currency is stronger? NGN or CNY?

The Chinese Yuan Renminbi (RMB) is currently stronger than the Nigerian Naira given that 1 CNY is equal to 227.2727 NGN. Conversely, 1 NGN is worth 0.0044 CNY.

Overview of NGN to CNY Performance and Trends

Today, to buy 1,000 Nigerian Naira, you need 4.4 Chinese Yuan Renminbi (RMB). On the same date last year, you needed 9.1 Chinese Yuan Renminbi (RMB) for 1,000 Nigerian Naira. This change indicates that the Nigerian Naira has lost value against the Chinese Yuan Renminbi (RMB) by 51.65% over the past year.

The pair experienced high volatility of 125%.

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

NGN to CNY Currency Performance and Volatility

Last 7 Days

  • Performance: ₦1,000 varied between 元0.0044 (weekly low) and 元0.0046 (weekly high), a variance of 元0.0002 .
  • Volatility: Fluctuated by 4.55%.

Last 30 Days

  • Performance: ₦1,000 varied between 元0.0044 (30-day low) to 元0.0048 (30-day high), a variance of 元0.0004 .
  • Volatility: Fluctuated by 9.09%.

Last 90 Days

  • Performance: ₦1,000 varied between 元0.0044 (90-day low) to 元0.0063 (90-day high), a variance of 元0.0019 .
  • Volatility: Fluctuated by 43.18%.

Last Year

  • Performance: ₦1,000 ranged from 元0.0044 (yearly low) to 元0.0099 (yearly high), a variance of 元0.0055 .
  • Volatility: Fluctuated by 125%.

NGN to CNY Forecast and trending

Is the Nigerian Naira going up or down against the Chinese Yuan Renminbi (RMB)?

Today's NGN to CNY exchange rate (0.0044) is smaller compared to yesterday's rate (0.0045).

Currency 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 >

CNY - Chinese Yuan Renminbi (RMB)

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

More Chinese Yuan Renminbi (RMB) (CNY) information >

Understanding NGN to CNY 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 Nigerian Naira to Chinese Yuan Renminbi (RMB), to send a payment, for a trip overseas, when shopping online or to hold a balance in Chinese Yuan Renminbi (RMB).

How to convert NGN to CNY?

You can convert Nigerian Naira to Chinese Yuan Renminbi (RMB) 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 Chinese Yuan Renminbi (RMB) 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 Nigerian Naira 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 Chinese Yuan Renminbi (RMB) 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 Nigerian Naira you want to send, or the amount in Chinese Yuan Renminbi (RMB) 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 Chinese Yuan Renminbi (RMB)

How to get the best NGN to CNY 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 NGN to CNY exchange rate for your specific transaction.

Get to know the NGN/CNY 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 NGN/CNY 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 Nigerian Naira and Chinese Yuan Renminbi (RMB). 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 Nigerian Naira with Chinese Yuan Renminbi (RMB)?

You'll be able to exchange Chinese Yuan Renminbi (RMB) to Nigerian Naira in the same way as you'd exchange Nigerian Naira to Chinese Yuan Renminbi (RMB). If you have Chinese Yuan Renminbi (RMB) 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 Chinese Yuan Renminbi (RMB). 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 Nigerian Naira 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 NGN to CNY?

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 Nigerian Naira to Chinese Yuan Renminbi (RMB) (NGN to CNY)

How much is the Nigerian Naira to Chinese Yuan Renminbi (RMB)?

The Nigerian Naira to Chinese Yuan Renminbi (RMB) exchange rate today is 0.0044 . Use this guide to learn more about exchanging NGN to CNY in the easiest and best value way for your specific needs.

How much is 1,000 Nigerian Naira to the Chinese Yuan Renminbi (RMB)?

The NGN to CNY rate today is 0.0044 . That means that 1,000 Nigerian Naira would be worth 4.4 Chinese Yuan Renminbi (RMB).

How to exchange Nigerian Naira to Chinese Yuan Renminbi (RMB)?

Exchange NGN to CNY 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 NGN to CNY.

How to send money to China?

If you want to send money from Nigeria - or anywhere else in the world - to China, 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 China - 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 Chinese Yuan Renminbi (RMB) and Nigerian Naira 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 Nigerian Naira to Chinese Yuan Renminbi (RMB) exchange rate with our handy tools, to help you compare your options.

Why trust us?

We take reader trust seriously. At Currency Live we're working to help our readers learn more about currency exchange so they can avoid the common pitfalls and make more of their money. Here's why you can trust us to do just that:>

Expertise and Transparency by our partnership with Wise

Our partnership with Wise reinforces our commitment to delivering transparent and reliable financial insights and aiding more than millions of monthly users in their money transfers. We already have a billion impressions and over a million yearly visitors who benefit from the depth of insight and actionable tips we can provide them.

Broad market scope

At Currency Live we cover all of currency pairs, with rates which are refreshed in real time so you'll know the details you're reading are accurate, extensive and live.

Reliable Market Analysis

Our market analysis and currency news are up-to-date, researched and presented in an easy-to-understand format. This ensures you get accurate and actionable information, without any unnecessary complexities.

Commitment to Accurate Currency Information

Currency Live was built by currency exchange experts with over 10 years experience, and we are proud to dedicate ourselves to providing essential and current information, aiding users with valuable insights for currency conversion and financial decision-making.