Convert your NGN to SDG free
NGN to SDG Comparison Table
| Feature | NGN (Nigerian Naira) | SDG (Sudanese Pound) |
|---|---|---|
| Currency Code | NGN | SDG |
| Symbol | ₦ | SDG |
| Issuing Authority | Central Bank of Nigeria | Central Bank of Sudan |
| Economic Strength | Developing, resource-based economy | Developing, resource-based economy |
| Exchange Rate Volatility | High | Extremely volatile |
| Popular Use Cases | Domestic transactions, remittances | Domestic transactions |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Limited digital payment infrastructure |
| Inflation Rate | Historically high | Extremely high |
| Interest Rates | High | High |
| Foreign Exchange Reserves | Moderate | Low |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Limited |
Key Observations:
- Both NGN and SDG are currencies of developing, resource-based economies facing significant economic challenges.
- Both countries suffer from high inflation rates, but Sudan’s inflation is particularly severe.
- The Sudanese Pound has experienced extreme volatility due to the country’s economic crisis.
- Both countries have limited digital payment infrastructure
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to MWK NGN to MZN NGN to NAD NGN to RWF | NGN to AZN NGN to BHD NGN to BND NGN to BTN |
| European Currencies | North America Currencies |
| NGN to GBP NGN to GEL NGN to GHS NGN to HRK | NGN to GTQ NGN to GYD NGN to HNL NGN to JMD |
7 Facts About the Sudanese Pound
The Sudanese Pound is the official currency of Sudan.
- Historical Currency: The Sudanese Pound has a long history, dating back to the country’s independence in 1956.
- Multiple Currencies: Due to Sudan’s political and economic challenges, there have been multiple versions of the Sudanese Pound, with redenominations occurring over the years.
- Hyperinflation: Sudan has experienced periods of hyperinflation, significantly eroding the purchasing power of the Pound.
- Economic Challenges: The country faces significant economic challenges, including conflict, political instability, and dependence on agriculture, which impact the Pound’s stability.
- Cash-Based Economy: Sudan is predominantly a cash-based society, with limited use of electronic payment systems.
- Subdivisions: The Sudanese Pound is divided into 100 piasters.
- Limited International Use: The Sudanese Pound is primarily used within Sudan, with limited acceptance in other countries.
Top Banks in Nigeria to Convert Your Naira to Other Currencies
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |