Convert Nigerian Naira to Malaysian Ringgit
Please provide values below to convert Nigerian Naira [NGN] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Nigerian Naira.
How to Convert Nigerian Naira to Malaysian Ringgit
1 NGN = 361.748570213168 MYR
Example: convert 15 NGN to MYR:
15 NGN = 15 × 361.748570213168 MYR = 5426.22855319752 MYR
Nigerian Naira to Malaysian Ringgit Conversion Table
| Nigerian Naira | Malaysian Ringgit |
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Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.