ZAR to NGN - South African Rand to Nigerian Naira Converter

Convert South African Rand to Nigerian Naira with real-time exchange rates

1 ZAR = ~87.36 NGN (rates vary)

Quick Insight

This currency pair is highly volatile. Always check live rates before transactions.

This pair is highly volatile. Mental math is unreliable—always check live rates.

Rates can shift 5-10% in a week. Use a live converter for accuracy.

⚠️ Always verify before transactions📊 Monitor rate trends🔔 Set rate alerts

Common ZAR - NGN Conversions

Forex Market Hours

Sydney

22:00 - 07:00 UTC

Closed

Tokyo

00:00 - 09:00 UTC

Closed

London

08:00 - 17:00 UTC

Closed

New York

13:00 - 22:00 UTC

Active

Most volatile: London-NY overlap (13:00-17:00 GMT). Best spreads during high liquidity hours.

Upcoming High Impact Events

US Non-Farm Payrolls

First Friday of month

High Impact

USD pairs

ECB Rate Decision

Every 6 weeks

Medium Impact

EUR pairs

Tips & Recommendations

1Avoid airport exchange bureaus - markups can reach 10-15%
2Use ATMs with local bank cards for near mid-market rates
3Pay in local currency to avoid dynamic currency conversion (DCC)
4Notify your bank before travel to prevent card blocks

Frequently Asked Questions

Key drivers include central bank policy, inflation differentials, commodity price movements, trade balances, and regional risk sentiment. These forces interact to push prices up or down as buyers and sellers adjust.

Economic Context

Trading Relationship

The South Africa–Nigeria corridor supports minerals, agriculture, and consumer goods. ZAR/NGN movements influence pricing, hedging needs, and cross-border investment decisions as regional trade expands.

Key Rate Factors

•South Africa's monetary policy stance (SARB decisions)
•Nigeria's inflation and monetary policy posture (CBN actions)
•Commodity price cycles affecting export revenues
•Trade balances and access to financing
•Global risk sentiment and liquidity in EM currencies

Central Banks

South African Reserve Bank

Pretoria, South Africa

Oversees monetary policy, maintains price stability, and regulates banks.

Central Bank of Nigeria

Abuja, Nigeria

Sets monetary policy, manages the exchange rate, and supervises financial institutions.

Exchange rates fluctuate continuously. This converter provides indicative rates for informational purposes. For large transactions, consult with a licensed financial professional.

Rates sourced from European Central Bank reference rates. ECB Reference Rates