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XRPAYNET to NGN Converter and calculator

XRPAYNET/NGN: 1 XRPAYNET = 0.05900 NGN. The price of converting 1 XRPayNet (XRPAYNET) to Nigerian Naira (NGN) is 0.05900 NGN today.
XRPAYNET
XRPAYNET
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides XRPAYNET to NGN real-time exchange rates, making it easy to convert XRPayNet (XRPAYNET) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 XRPAYNET is currently valued at 0.06 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 XRPAYNET is currently valued at 0.06 NGN, which means buying 5 XRPAYNET would cost 0.29 NGN. Similarly, ₦1 NGN can be converted to 16.95 XRPAYNET, and ₦50 NGN can be converted to 84.75 XRPAYNET, excluding any platform or gas fees.

Convert XRPAYNET to NGN

Convert NGN to XRPAYNET

XRPayNet
Nigerian Naira
1 XRPAYNET
0.05900  NGN
2 XRPAYNET
0.1180  NGN
5 XRPAYNET
0.2950  NGN
10 XRPAYNET
0.5900  NGN
20 XRPAYNET
1.18  NGN
50 XRPAYNET
2.95  NGN
100 XRPAYNET
5.9  NGN
200 XRPAYNET
11.8  NGN
500 XRPAYNET
29.5  NGN
1000 XRPAYNET
59  NGN
5000 XRPAYNET
294.98  NGN
10000 XRPAYNET
589.96  NGN
In the table above, you'll find a comprehensive XRPAYNET to NGN converter that shows the value of XRPayNet in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 XRPAYNET to NGN, all the way up to 10000 XRPAYNET, providing a clear view of their respective values.
Nigerian Naira
XRPayNet
100 NGN
1,695.03 XRPAYNET
200 NGN
3,390.06 XRPAYNET
500 NGN
8,475.15 XRPAYNET
1000 NGN
16,950.29 XRPAYNET
2000 NGN
33,900.58 XRPAYNET
5000 NGN
84,751.45 XRPAYNET
10000 NGN
169,502.9 XRPAYNET
50000 NGN
847,514.51 XRPAYNET
100000 NGN
1,695,029.02 XRPAYNET
In the table above, you'll find a comprehensive NGN to XRPAYNET converter that shows the value of Nigerian Naira in XRPayNet across commonly used conversion amounts. The list covers conversions from 1 NGN to XRPAYNET, all the way up to 100000 NGN, providing a clear view of their respective values.

XRPAYNET to NGN chart

XRPAYNET/NGN: 1 XRPAYNET = 0.05900 NGN; 2025/05/06 15:25:52
In the past 1D, XRPayNet has changed -6.71% to NGN. Based on the trend and price charts, XRPayNet(XRPAYNET) has changed -6.71% to NGN while Nigerian Naira(NGN) has changed % to XRPAYNET in the last 24 hours.
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XRPAYNET to NGN conversion data: Volatility and price changes of XRPayNet in NGN

The highest XRPayNet price in NGN over the past 7 days was 0.07174 NGN while the lowest XRPayNet price in NGN over the past 7 days was 0.05603 NGN. The relative change between the highs and lows in XRPayNet price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and XRPAYNET to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.06341 NGN
0.07174 NGN
0.09906 NGN
0.2572 NGN
Low
0.05603 NGN
0.05603 NGN
0.05603 NGN
0.05603 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-6.71%
-17.49%
-32.66%
-73.14%

XRPayNet information

XRPAYNET to NGN market statistics

XRPAYNET/NGN:
₦0.05900
XRPAYNET 24h volume:
₦5,884,843.53
XRPAYNET market cap:
₦331,176,016.48
XRPAYNET circulating supply:
5.61B XRPAYNET

Current XRPAYNET to NGN exchange rate

XRPayNet to Nigerian Naira is falling this week.
XRPayNet's current market price is ₦0.05900 per XRPAYNET, with a total market cap of ₦331,176,016.48 NGN based on a circulating supply of 5,613,529,600 XRPAYNET. The trading volume of XRPayNet has changed by +18.74% (₦928,572.29 NGN) in the last 24 hours. Last trading day, XRPAYNET's trading volume was ₦4,956,271.24.

More info about XRPayNet on Bitget

Nigerian Naira information

About the Nigerian Naira (NGN)

What Is the Nigerian Naira (NGN)?

The Nigerian Naira is the official currency of Nigeria, a country in West Africa. The Naira is symbolized by ₦ and has the currency code NGN. One Naira is divided into 100 Kobo. As Africa's largest economy, Nigerian Naira plays a crucial role both domestically and in the African financial landscape. The Nigerian Naira is the sole legal tender in Nigeria, and it is used for all transactions within the country.

The Nigerian Naira is issued by the Central Bank of Nigeria (CBN), which is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The CBN is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining the value of the Naira.

What Is the History of NGN?

The Nigerian Naira, introduced on January 1, 1973, marked a significant milestone in Nigeria's economic history, replacing the Nigerian pound at a rate of 2 Naira for 1 pound. This transition signified Nigeria's shift from the British pound sterling to a distinct and independent decimal currency system. The name 'Naira' was derived from 'Nigeria', symbolizing the nation's sovereignty in monetary matters. The initial series of banknotes and coins were the first to be issued by an independent Nigeria, with the coins being the last to feature Queen Elizabeth II, reflecting the country's colonial history.

Notes and Coins of NGN

The Nigerian Naira (NGN) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50 Kobo, 1 Naira, and 2 Naira. Banknotes are issued in denominations of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.

What Is eNaira?

The eNaira is the first African central bank digital currency (CBDC). Launched on October 25, 2021, by President Muhammadu Buhari, the eNaira is issued and regulated by the Central Bank of Nigeria (CBN). It operates as a legal tender, just like physical Naira, but in a digital form, maintaining a one-to-one value with the traditional Naira. The eNaira aims to enhance financial inclusion, improve payment efficiency, and facilitate seamless cross-border transactions. It operates on a blockchain network, allowing peer-to-peer transactions without intermediaries, distinguishing itself from decentralized cryptocurrencies like Bitcoin by running on a private blockchain controlled by the CBN. Users access the eNaira through digital wallets, with transactions promising speed, reduced costs, and increased convenience.

Is NGN Pegged to GBP?

No, the Nigerian Naira (NGN) is not pegged to the British Pound Sterling (GBP). The Naira operates on a floating exchange rate system, where its value is determined by market forces based on supply and demand in the foreign exchange market.

Historically, Nigeria used the British Pound Sterling during its time as a British colony and for some years after gaining independence. However, in 1973, Nigeria introduced the Naira to replace the Pound Sterling and established its own monetary system. Since then, the Naira has not been pegged to the Pound Sterling or any other foreign currency but has been subject to fluctuations in the international currency markets.

Is NGN a Stable Currency?

The Nigerian Naira (NGN) has historically faced challenges regarding stability. The Naira had been experiencing significant fluctuations, largely due to factors such as political instability, economic challenges, and fluctuations in oil prices, which is a major revenue source for Nigeria. For instance, in 2021, the official exchange rate of the Naira to the US Dollar was around 380 NGN to 1 USD, while the parallel market rate was much higher, around 475 NGN to 1 USD. In June 2023, the Naira fell 23% in a day to a rate of ₦600 to US$1. This discrepancy indicates ongoing challenges in achieving currency stability.

Bitget crypto-to-fiat exchange data shows that the most popular XRPayNet currency pair is the XRPAYNET to NGN, with for XRPayNet's currency code being XRPAYNET. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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How to convert XRPAYNET to NGN

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Bitget P2P trading does not currently support direct buying of XRPAYNET with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy XRPAYNET with USDT via Bitget spot market.
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XRPAYNET to NGN Conversion tables

The exchange rate of XRPayNet is decreasing.
The exchange rate of 1 XRPAYNET to Nigerian Naira has changed by -17.49% in the last 7 days. In the last 24 hours, the rate has fluctuated by -6.71%, reaching a high of 0.06341 NGN and a low of 0.05603 NGN . One month ago, the value of 1 XRPAYNET was ₦0.08657 NGN , which represents a -32.66% change from its current value. Over the last year, XRPayNet has changed by
-
0.2703NGN
, resulting in a change of -82.62% in its value.
24 hours ago1 month ago1 year ago
Amount15:25 today24 hours ago24h change
0.5 XRPAYNET₦0.02950₦0.03154
-6.71%
1 XRPAYNET₦0.05900₦0.06309
-6.71%
5 XRPAYNET₦0.2950₦0.3154
-6.71%
10 XRPAYNET₦0.5900₦0.6309
-6.71%
50 XRPAYNET₦2.95₦3.15
-6.71%
100 XRPAYNET₦5.9₦6.31
-6.71%
500 XRPAYNET₦29.5₦31.54
-6.71%
1000 XRPAYNET₦59₦63.09
-6.71%

XRPAYNET to NGN FAQ

How much is 1 XRPayNet in NGN?
Right now, the price of 1 XRPayNet (XRPAYNET) in Nigerian Naira (NGN) is ₦0.05900.
How much XRPAYNET can I buy for 1 NGN?
Based on the current exchange rate, you can get 16.95 XRPAYNET for 1 NGN.
How do I calculate or convert XRPAYNET to NGN?
You can use our XRPAYNET to NGN calculator at the top of this page to convert any amount of XRPAYNET to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 84.75 XRPAYNET, while 5 XRPAYNET will cost around 0.2950NGN.
What is the highest price of XRPAYNET/NGN in history?
The all-time high price of 1 XRPAYNET in NGN is ₦24.08. It remains to be seen if the value of 1 XRPAYNET/NGN will exceed the current all-time high.
What is the price trend of XRPayNet in NGN?
Over the past 7 days, the exchange rate of XRPayNet (XRPAYNET) has gone down by 17.49%.   Over the last month, the exchange rate of XRPayNet (XRPAYNET) has gone down by 32.66% against Nigerian Naira (NGN).

What factors influence the conversion rate of XRPAYNET to NGN?

There are many factors that affect the relationship between XRPayNet and Nigerian Naira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of XRPAYNET/NGN. When there is positive news in the market about the widespread adoption of XRPAYNET or major technological breakthroughs, it tends to trigger market optimism and drive the rise of XRPAYNET/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in XRPAYNET/NGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of XRPAYNET/NGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of XRPayNet and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.