Convert you NGN to BND in few easy clicks
NGN to BND Comparison Table
| Feature | NGN (Nigerian Naira) | BND (Brunei Dollar) |
|---|---|---|
| Currency Code | NGN | BND |
| Symbol | ₦ | $ |
| Issuing Authority | Central Bank of Nigeria | Monetary Authority of Brunei Darussalam |
| Economic Strength | Developing, resource-based economy | Developed, oil-rich economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic and international transactions, trade, investment |
| Digital Payment Adoption | Growing adoption, mobile money prominent | High adoption, advanced infrastructure |
| Inflation Rate | Historically high | Low inflation |
| Interest Rates | High | Low |
| Foreign Exchange Reserves | Moderate | Substantial |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Significant, oil and gas sector |
Key Observations:
- The NGN is a currency of a developing economy with high volatility, while the BND is from a developed, oil-rich economy with relative stability.
- Brunei has a more advanced digital payment infrastructure compared to Nigeria.
- The interest rate differential between the two countries is significant.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to KES NGN to LYD NGN to MAD NGN to MGA | NGN to CNY NGN to HKD NGN to IDR NGN to ILS |
| European Currencies | South America Currencies |
| NGN to CHF NGN to CZK NGN to DKK NGN to EUR | NGN to ARS NGN to BOB NGN to BRL NGN to CLP |
7 Facts About the Brunei Dollar
- Shared Currency: The Brunei Dollar is interchangeable with the Singapore Dollar, reflecting close economic ties between the two nations.
- Oil-Rich Economy: Brunei’s substantial oil and gas reserves significantly influence the strength and stability of the Brunei Dollar.
- Central Bank Control: The Autoriti Monetari Brunei Darussalam (AMBD) is responsible for issuing and managing the Brunei Dollar.
- High Value Currency: Due to the country’s economic prosperity, the Brunei Dollar is considered a strong currency on the global market.
- Currency Subdivision: The Brunei Dollar is divided into 100 Sen, though these smaller units are less commonly used in daily transactions.
- Cash and Digital Payments: While cash remains prevalent, Brunei is increasingly adopting digital payment methods for convenience and efficiency.
- Currency Symbol: The Brunei Dollar is often symbolized by “”or”B” to distinguish it from other dollar-denominated currencies.
Top Banks in Nigeria and Brunei to Convert Your Naira to Brunei Dollar
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Brunei Darussalam | Baiduri Bank Berhad | Bandar Seri Begawan |
| Brunei Darussalam | Bank Islam Brunei Darussalam Berhad (BIBD) | Bandar Seri Begawan |
| Brunei Darussalam | Perbadanan Tabungan Amanah Islam Brunei (TAIB) | Bandar Seri Begawan |