Nigerian Naira to Pakistani Rupee – Latest Exchange Rate Update
The exchange rate between the Nigerian Naira (NGN) and the Pakistani Rupee (PKR) is important for traders, travelers, and overseas workers dealing between Pakistan and Nigeria. As of today, 1 Nigerian Naira equals 0.20 Pakistani Rupees. This rate changes daily based on global market trends, inflation, and economic conditions in both countries.
Current Exchange Situation
The Nigerian Naira has faced depreciation in recent months due to growing inflation, monetary demanding situations, and fluctuating oil prices, given that oil is Nigeria’s primary export. On the other hand, the Pakistani Rupee has also experienced instability due to import expenses, current account deficits, and growing trade deficits.
As a result, each currency has seen frequent adjustments in fee; however, presently, the Pakistani Rupee holds a more potent fee as compared to the Nigerian Naira.
Here’s a quick conversion table based on today’s exchange rate:
| Nigerian Naira (NGN) | Pakistani Rupee (PKR) |
|---|---|
| 1 NGN | 0.20 PKR |
| 5 NGN | 1.00 PKR |
| 10 NGN | 2.00 PKR |
| 50 NGN | 10.00 PKR |
| 100 NGN | 20.00 PKR |
| 500 NGN | 100.00 PKR |
| 1000 NGN | 200.00 PKR |
(Note: Exchange rates may vary slightly depending on market changes and service provider charges.)
Why the Exchange Rate Matters
Trade between Pakistan and Nigeria mainly includes agricultural products, machinery, and textiles. A decrease in Naira price manner that Pakistani goods turn out to be greater expensive for Nigerian shoppers, whilst Nigerian exports become less expensive for Pakistan.
Moreover, Pakistanis operating or doing commercial enterprises in Nigeria also monitor this charge to plan remittances or trade payments.
How to Check Daily Rates
Exchange rates change numerous times a day. For the most correct and updated conversion, it’s better to test:
- Official financial institution exchange charges
- Currency converter apps
- Money transfer provider websites
Conclusion
Currently, 1 NGN = 0.20 PKR, showing that the Pakistani Rupee is stronger than the Nigerian Naira. This price affects enterprise deals, remittances, and import/export prices between the 2 international locations. Keeping the song of the day-to-day exchange price facilitates people and corporations to make smarter monetary selections.
