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About this currency pair
Nigerian Naira (NGN) — the currency of Nigeria
The naira was introduced when Nigeria decimalized its currency, replacing the Nigerian pound in the 1970s. The Nigerian Naira is used in Nigeria, where it provides the reference for local prices, wages, public payments, bank accounts and invoices. Conversions are commonly used for remittances, import pricing, travel, development projects, commodity trade and comparisons with USD, EUR or regional currencies. For conversion pages, NGN is useful when translating local prices into major reference currencies or comparing historical and current market values.
Chinese Yuan (CNY) — a major international currency
The Chinese yuan is the onshore currency used in mainland China and is central to trade, manufacturing, ecommerce, travel and supply-chain pricing. CNY conversions are widely used by importers, exporters, online sellers and travelers comparing Chinese prices with USD, EUR and other Asian currencies.