Convert your NGN to UAH free
NGN to UAH Comparison Table
| Feature | NGN (Nigerian Naira) | UAH (Ukrainian Hryvnia) |
|---|---|---|
| Currency Code | NGN | UAH |
| Symbol | ₦ | ₴ |
| Issuing Authority | Central Bank of Nigeria | National Bank of Ukraine |
| Economic Strength | Developing, resource-based economy | Developing, agriculture-based economy |
| Exchange Rate Volatility | High | High |
| Popular Use Cases | Domestic transactions, remittances | Domestic transactions |
| Digital Payment Adoption | Growing adoption, mobile money prominent | Increasing adoption |
| Inflation Rate | Historically high | High inflation |
| Interest Rates | High | High |
| Foreign Exchange Reserves | Moderate | Low |
| Foreign Direct Investment (FDI) | Increasing, resource-focused | Limited |
Key Observations:
- Both NGN and UAH are currencies of developing economies facing economic challenges.
- High inflation rates are a common issue for both countries.
- Ukraine has faced additional economic pressures due to the ongoing conflict. The Long-lasting Economic Shock of War – International Monetary Fund (IMF) www.imf.org
- Both countries have seen growth in digital payment adoption, but Nigeria is generally ahead in this area.
Related Currency Pairings
| African Currencies | Asian Currencies |
| NGN to UGX NGN to XAF NGN to XOF NGN to ZMW | NGN to JPY NGN to JOD NGN to KGS NGN to KHR |
| European Currencies | South America Currencies |
| NGN to GBP NGN to GEL NGN to GHS NGN to HRK | NGN to COP NGN to CRC NGN to PEN NGN to PYG |
7 Facts About the Ukrainian Hryvnia
The Ukrainian Hryvnia is the official currency of Ukraine.
- Post-Soviet Currency: Introduced in 1996, the Hryvnia replaced the Ukrainian Karbovanets, marking Ukraine’s economic independence from the former Soviet Union.
- Economic Challenges: Ukraine has faced economic challenges, including political instability and conflict, which have impacted the Hryvnia’s stability.
- Inflation: The country has experienced periods of inflation, affecting the purchasing power of the Hryvnia.
- War-Torn Economy: The ongoing conflict with Russia has significantly impacted Ukraine’s economy and the Hryvnia’s value.
- Subdivisions: The Hryvnia is divided into 100 kopiyok.
- Cash-Based Economy: Ukraine is predominantly a cash-based society, although there’s a growing trend towards digital payments.
- International Aid: Ukraine has received significant financial aid from international organizations to support its economy and stabilize the Hryvnia.
Nigerian and Ukrainian Banks for Your Currency Conversion
| Country | Bank Name | City |
|---|---|---|
| Nigeria | Access Bank Plc | Lagos |
| Nigeria | United Bank for Africa (UBA) | Lagos |
| Nigeria | Zenith Bank Plc | Lagos |
| Ukraine | PrivatBank | Kyiv |
| Ukraine | Oschadbank | Kyiv |
| Ukraine | Ukreximbank | Kyiv |