Convert Nigerian Naira to Singapore Dollar
Convert Nigerian Naira (NGN) to Singapore Dollar (SGD) using daily updated exchange rates.
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Exchange Rate
Exchange rates are updated daily.
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About Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's most populous country and largest economy by GDP. Introduced in 1973 to replace the Nigerian pound, the naira has experienced severe long-term depreciation relative to major currencies. The Central Bank of Nigeria (CBN) manages monetary policy. Nigeria is a major oil producer - crude oil and natural gas account for the vast majority of government revenues and export earnings. The economy has faced structural challenges including dependence on oil, inflation, currency shortages, and foreign exchange controls.
About Singapore Dollar
The Singapore Dollar (SGD) is the official currency of Singapore and is interchangeable at par with the Brunei Dollar (BND) by a 1967 Currency Interchangeability Agreement. The Monetary Authority of Singapore (MAS) manages monetary policy uniquely through the exchange rate - adjusting the Singapore Dollar against a basket of trading partner currencies - rather than through interest rates, because of Singapore's small open economy. Singapore is a global financial centre, the world's busiest container port, and one of the wealthiest nations by per capita income.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).