NGN to MDL - Naira USD

Convert your NGN to MDL free

NGN to MDL Comparison Table

Feature	NGN (Nigerian Naira)	MDL (Moldovan Leu)
Currency Code	NGN	MDL
Symbol	₦	L
Issuing Authority	Central Bank of Nigeria	National Bank of Moldova
Economic Strength	Developing, resource-based economy	Developing, transitioning economy
Exchange Rate Volatility	High	Relatively stable
Popular Use Cases	Domestic transactions, remittances	Domestic transactions
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	Increasing, various sectors

The NGN is a currency of a developing economy with high volatility, while the MDL is from a developing, transitioning economy with relative stability.
Moldova has a less developed digital payment infrastructure compared to Nigeria.
The interest rate differential between the two countries is significant.

African Currencies	Asian Currencies
NGN to ZAR NGN to SDG NGN to SZL NGN to TND	NGN to KWD NGN to KZT NGN to LAK NGN to LBP

European Currencies	South America Currencies
NGN to RON NGN to RSD NGN to SEK NGN to TRY	NGN to ARS NGN to BOB NGN to BRL NGN to CLP

The Moldovan Leu is the official currency of Moldova.

Historical Connection: The Moldovan Leu shares its name and historical roots with the Romanian Leu, reflecting the close cultural and linguistic ties between the two countries.
Post-Soviet Currency: Introduced in 1993, the Moldovan Leu replaced the Russian ruble, marking Moldova’s transition from a Soviet republic to an independent nation.
Floating Exchange Rate: The Moldovan Leu operates on a floating exchange rate system, meaning its value fluctuates based on market forces.
Economic Challenges: Moldova is a developing country with economic challenges, including dependence on agriculture and remittances, which can impact the Leu’s stability.
Remittances: Remittances from Moldovans working abroad, primarily in Russia and Italy, are a significant source of foreign exchange for the country and influence the Leu’s value.
Inflation: Moldova has experienced periods of inflation, affecting the purchasing power of the Leu. The National Bank of Moldova implements monetary policies to control inflation.
Digitalization: Moldova is gradually adopting digital payment methods, but it remains predominantly a cash-based society. This trend is influencing the Leu’s role in the economy.