NGN to SZL - Naira USD

Convert your NGN to SZL free

NGN to SZL Comparison Table

Feature	NGN (Nigerian Naira)	SZL (Swazi Lilangeni)
Currency Code	NGN	SZL
Symbol	₦	L
Issuing Authority	Central Bank of Nigeria	Central Bank of Eswatini
Economic Strength	Developing, resource-based economy	Developing, agriculture-based economy
Exchange Rate Volatility	High	Relatively stable
Popular Use Cases	Domestic transactions, remittances	Domestic transactions
Digital Payment Adoption	Growing adoption, mobile money prominent	Limited digital payment infrastructure
Inflation Rate	Historically high	Relatively low
Interest Rates	High	Lower than Nigeria
Foreign Exchange Reserves	Moderate	Low
Foreign Direct Investment (FDI)	Increasing, resource-focused	Limited

The NGN is a currency of a developing economy with high volatility, while the SZL is from a developing, agriculture-based economy with relative stability.
Eswatini 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 HUF NGN to MDL NGN to MKD NGN to PLN	NGN to ARS NGN to BOB NGN to BRL NGN to CLP

Shared Currency: The Lilangeni is shared with South Africa and Lesotho, forming the Common Monetary Area (CMA).
Pegged to South African Rand: The Lilangeni is pegged at par with the South African Rand, ensuring stability.
Central Bank Control: The Central Bank of Eswatini (formerly Swaziland) issues and manages the Lilangeni.
Subdivision: Divided into 100 cents, but these smaller units are rarely used.
Economic Ties: Eswatini’s close economic relationship with South Africa is reflected in the shared currency.
Currency Code: SZL is the official currency code for the Lilangeni.
Tourism and Agriculture: Eswatini’s economy, reliant on tourism and agriculture, is influenced by the Lilangeni’s stability.