1 NGN = 0.00023 OMR
1 OMR = 4,347.82609 NGN
(Mid-market exchange rate)
Last updated Nov 02, 2024 18:49 GMT
Below is the live and historical Nigerian Naira to Omani Rial rate chart so you can see today's rate - and how the rates have changed over time.
1 NGN = 0.00023 OMR
Stat | Last 7 days | Last 30 days | Last 90 days | Last year | Selected period on chart |
---|---|---|---|---|---|
High | 0.00023 | 0.00023 | 0.00024 | 0.00049 | 0.00023 |
Low | 0.00022 | 0.00022 | 0.00022 | 0.00022 | 0.00022 |
Average | 0.00022 | 0.00023 | 0.00023 | 0.0003 | 0.00023 |
Volatility | 4.55% | 4.55% | 9.09% | 122.73% | 4.55% |
1 NGN is worth 0.00023 OMR today
At the current exchange rate of 0.00023 , a sum of 1,000 Nigerian Naira is worth 0.23 Omani Rial.
The Omani Rial is currently stronger than the Nigerian Naira given that 1 OMR is equal to 4,347.82609 NGN. Conversely, 1 NGN is worth 0.00023 OMR.
Today, to buy 1,000 Nigerian Naira, you need 0.23 Omani Rial. On the same date last year, you needed 0.49 Omani Rial for 1,000 Nigerian Naira. This change indicates that the Nigerian Naira has lost value against the Omani Rial by 53.06% over the past year.
The pair experienced high volatility of 122.73%.
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 NGN to OMR exchange rate (0.00023) is higher compared to yesterday's rate (0.00022).
1 NGN | 0.00023 OMR |
5 NGN | 0.00115 OMR |
10 NGN | 0.00230 OMR |
20 NGN | 0.00460 OMR |
25 NGN | 0.00575 OMR |
50 NGN | 0.01150 OMR |
100 NGN | 0.02300 OMR |
250 NGN | 0.05750 OMR |
500 NGN | 0.11500 OMR |
1,000 NGN | 0.23000 OMR |
2,000 NGN | 0.46000 OMR |
5,000 NGN | 1.15000 OMR |
10,000 NGN | 2.30000 OMR |
1 OMR | 4,347.82609 NGN |
5 OMR | 21,739.13043 NGN |
10 OMR | 43,478.26087 NGN |
20 OMR | 86,956.52174 NGN |
25 OMR | 108,695.65217 NGN |
50 OMR | 217,391.30435 NGN |
100 OMR | 434,782.60870 NGN |
250 OMR | 1,086,956.52174 NGN |
500 OMR | 2,173,913.04348 NGN |
1,000 OMR | 4,347,826.08696 NGN |
2,000 OMR | 8,695,652.17391 NGN |
5,000 OMR | 21,739,130.43478 NGN |
10,000 OMR | 43,478,260.86957 NGN |
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
The currency code for Omani Rial is OMR.
The OMR currency symbol is ﷼.
Minor unit: 1/1000 = Baisa
OMR rank by most traded currencies: Not in top 40 traded currencies
Avg proportion of daily world trade volume: 0% (Low daily trade currency)
OMR rank by strongest currencies (buying power): 3
The Omani Rial is the currency of 1 countries:
Oman
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 Omani Rial, to send a payment, for a trip overseas, when shopping online or to hold a balance in Omani Rial.
You can convert Nigerian Naira to Omani Rial 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 Omani Rial 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 NGN to OMR exchange rate for your specific transaction.
Get to know the NGN/OMR 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/OMR 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 Omani Rial. 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 Omani Rial to Nigerian Naira in the same way as you'd exchange Nigerian Naira to Omani Rial. If you have Omani Rial 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 Omani Rial. 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.
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.
NGN | USD | EUR | PHP | GBP | DZD | EGP | MXN | INR | |
---|---|---|---|---|---|---|---|---|---|
To NGN | - | 1,705.44000 | 1,847.59000 | 29.18510 | 2,203.43000 | 12.80280 | 34.85270 | 84.07730 | 20.28230 |
To USD | 0.00059 | - | 1.08335 | 0.01711 | 1.29200 | 0.00751 | 0.02044 | 0.04930 | 0.01189 |
To EUR | 0.00054 | 0.92305 | - | 0.01580 | 1.19252 | 0.00693 | 0.01886 | 0.04551 | 0.01098 |
To PHP | 0.03426 | 58.43530 | 63.30590 | - | 75.49840 | 0.43868 | 1.19419 | 2.88083 | 0.69495 |
To GBP | 0.00045 | 0.77399 | 0.83856 | 0.01325 | - | 0.00581 | 0.01582 | 0.03816 | 0.00920 |
To DZD | 0.07811 | 133.20800 | 144.31100 | 2.27958 | 172.10500 | - | 2.72226 | 6.56708 | 1.58420 |
To EGP | 0.02869 | 48.93280 | 53.01130 | 0.83738 | 63.22120 | 0.36734 | - | 2.41236 | 0.58194 |
To MXN | 0.01189 | 20.28420 | 21.97490 | 0.34712 | 26.20720 | 0.15228 | 0.41453 | - | 0.24123 |
To INR | 0.04930 | 84.08530 | 91.09380 | 1.43895 | 108.63800 | 0.63123 | 1.71838 | 4.14536 | - |
The Nigerian Naira to Omani Rial exchange rate today is 0.00023 . Use this guide to learn more about exchanging NGN to OMR in the easiest and best value way for your specific needs.
The NGN to OMR rate today is 0.00023 . That means that 1,000 Nigerian Naira would be worth 0.23 Omani Rial.
Exchange NGN to OMR 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 OMR.
If you want to send money from Nigeria - or anywhere else in the world - to Oman, 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 Oman - 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 Omani Rial 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 Omani Rial exchange rate with our handy tools, to help you compare your options.
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