Do you want to know the current exchange rate of the South African Rand (ZAR) to the Nigerian Naira (NGN)? If yes, keep reading.
The South African Rand is one of the strongest currencies in Africa, alongside currencies like the Libyan Dinar and Egyptian Pound. The value of the Rand in Naira can vary depending on the exchange location, whether it is the official bank rate or the parallel market.
Current ZAR to Naira Exchange Rate
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Official CBN Rate: 1 ZAR = ₦24.70
Conversion Table: South African Rand to Nigerian Naira
| South African Rand (ZAR) | Nigerian Naira (NGN) |
|---|---|
| 1 | ₦24.70 |
| 50 | ₦1,235 |
| 100 | ₦2,470 |
| 500 | ₦12,350 |
| 1000 | ₦24,700 |
Conclusion
The official exchange rate of the South African Rand to the Nigerian Naira is ₦24.70 per 1 ZAR. Being one of Africa’s strongest currencies, the Rand is widely used in trade and business transactions across the continent. For the most accurate rates, always refer to the official CBN exchange rate or trusted forex platforms.
FAQs
What is the current exchange rate of 1 ZAR to Naira?
The official CBN rate for 1 South African Rand (ZAR) is ₦24.70.
How can I convert South African Rand to Naira?
You can convert ZAR to Naira at banks using the official CBN rate or at licensed forex dealers. Rates may vary slightly depending on the location.
Is the Rand a strong currency in Africa?
Yes, the South African Rand is one of the strongest African currencies, after the Libyan Dinar and Egyptian Pound.
Where can I check updated ZAR to Naira rates?
Updated exchange rates can be checked on the Central Bank of Nigeria website, licensed forex platforms, and trusted financial news outlets.
Also Read: Ghana Cedis to Nigerian Naira Exchange Rate Today
