Convert your NGN to FJD
NGN to FJD Comparison Table
| Feature | NGN (Nigerian Naira) | FJD (Fiji Dollar) |
|---|---|---|
| Currency Code | NGN | FJD |
| Symbol | ₦ | $ |
| Issuing Authority | Central Bank of Nigeria | Reserve Bank of Fiji |
| Economic Strength | Developing, resource-based economy | Developing, tourism-based economy |
| Exchange Rate Volatility | High | Relatively stable |
| Popular Use Cases | Domestic transactions, remittances | Domestic and international transactions, tourism |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Increasing adoption |
| Inflation Rate | Historically high | Relatively low |
| Interest Rates | High | Lower than Nigeria |
| Foreign Exchange Reserves | Moderate | Adequate |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Significant, tourism and related sectors |
Key Observations:
- The NGN is a currency of a developing economy with high volatility, while the FJD is from a developing, tourism-based economy with relative stability.
- Fiji 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 UGX NGN to XAF NGN to XOF NGN to ZMW | NGN to INR NGN to IQD NGN to IRR NGN to ISK |
| European Currencies | Oceania Currencies |
| NGN to HUF NGN to MDL NGN to MKD NGN to PLN | NGN to AUD NGN to FJD NGN to NZD NGN to PGK |
7 Facts About the Fijian Dollar
- Historical Currency: The Fijian Dollar has a rich history, first introduced in 1867, then reintroduced in 1969, replacing the Fijian Pound. This dual timeline provides a unique perspective on its evolution.
- Island Economy: As an island nation heavily reliant on tourism, the Fijian Dollar’s value is significantly influenced by the tourism industry’s performance.
- Central Bank Control: The Reserve Bank of Fiji oversees the issuance and management of the Fijian Dollar, implementing monetary policies to maintain stability.
- Floating Exchange Rate: Unlike some other Pacific island nations, Fiji operates on a floating exchange rate system, allowing the Dollar’s value to fluctuate based on market forces.
- Unique Coinage: Fiji has introduced distinctive coin designs, showcasing the country’s natural beauty and cultural heritage.
- Economic Stability: The Fijian Dollar has maintained relative stability, contributing to a favorable investment climate in the country.
- Currency Code: FJD is the official currency code for the Fijian Dollar, used for international financial transactions.
Top Banks in Nigeria and Fiji
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Fiji | Westpac Banking Corporation (Fiji) | Suva |
| Fiji | ANZ Bank (Fiji) Limited | Suva |
| Fiji | Bank of South Pacific (BSP) Fiji | Suva |