NGN to BRL - Naira USD

Convert your NGN to BRL in few clicks

NGN to BRL Comparison Table

Feature	NGN (Nigerian Naira)	BRL (Brazilian Real)
Currency Code	NGN	BRL
Symbol	₦	R$
Issuing Authority	Central Bank of Nigeria	Central Bank of Brazil
Economic Strength	Developing, resource-based economy	Emerging market with economic challenges
Exchange Rate Volatility	High	High
Popular Use Cases	Domestic transactions, remittances	Domestic transactions, trade
Digital Payment Adoption	Growing adoption, mobile money prominent	Increasing adoption
Inflation Rate	Historically high	High inflation
Interest Rates	High	High
Foreign Exchange Reserves	Moderate	Moderate
Foreign Direct Investment (FDI)	Increasing, resource-focused	Increasing, various sectors

Both NGN and BRL are currencies of developing economies facing economic challenges.
High inflation rates are a common issue for both countries.
Exchange rate volatility is significant for both currencies.

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

Digital Age: Brazil is rapidly adopting digital payments, reducing reliance on physical cash and modernizing its financial system.

A New Beginning: Introduced in 1994 to replace a previous, unstable currency, the Real marked a fresh start for Brazil’s monetary system.

Floating Value: Unlike many currencies tied to a specific value, the Brazilian Real’s worth fluctuates based on global economic conditions.

Central Bank Management: Brazil’s Central Bank oversees the Real, making decisions to control money supply and maintain its value.

Economic Powerhouse: As Latin America’s largest economy, Brazil’s economic health significantly impacts the Real’s strength.

Inflation Challenges: Brazil has historically battled rising prices, requiring consistent efforts to stabilize the Real’s value.

Smaller Units: While divided into 100 centavos, these smaller units are rarely used in everyday transactions.