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Relay Chain to Nigerian Naira (Relay to NGN)

Relay to NGN Converter and calculator

Relay/NGN: 1 Relay = 0.1363 NGN. The price of converting 1 Relay Chain (Relay) to Nigerian Naira (NGN) is 0.1363 NGN today.
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Relay
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides Relay to NGN real-time exchange rates, making it easy to convert Relay Chain (Relay) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 Relay is currently valued at 0.1363 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 Relay is currently valued at 0.1363 NGN, which means buying 5 Relay would cost 0.6813 NGN. Similarly, ₦1 NGN can be converted to 7.34 Relay, and ₦50 NGN can be converted to 36.69 Relay, excluding any platform or gas fees.

Convert Relay to NGN

Convert NGN to Relay

Relay Chain
Nigerian Naira
1 Relay
0.1363  NGN
Exchange 1 Relay for 0.1363 NGN
2 Relay
0.2725  NGN
Exchange 2 Relay for 0.2725 NGN
5 Relay
0.6813  NGN
Exchange 5 Relay for 0.6813 NGN
10 Relay
1.36  NGN
Exchange 10 Relay for 1.36 NGN
20 Relay
2.73  NGN
Exchange 20 Relay for 2.73 NGN
50 Relay
6.81  NGN
Exchange 50 Relay for 6.81 NGN
100 Relay
13.63  NGN
Exchange 100 Relay for 13.63 NGN
200 Relay
27.25  NGN
Exchange 200 Relay for 27.25 NGN
500 Relay
68.13  NGN
Exchange 500 Relay for 68.13 NGN
1000 Relay
136.27  NGN
Exchange 1000 Relay for 136.27 NGN
5000 Relay
681.34  NGN
Exchange 5000 Relay for 681.34 NGN
10000 Relay
1,362.68  NGN
Exchange 10000 Relay for 1,362.68 NGN
In the table above, you'll find a comprehensive Relay to NGN converter that shows the value of Relay Chain in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 Relay to NGN, all the way up to 10000 Relay, providing a clear view of their respective values.
Nigerian Naira
Relay Chain
1 NGN
7.34 Relay
Exchange 1 NGN for 7.34 Relay
10 NGN
73.38 Relay
Exchange 10 NGN for 73.38 Relay
50 NGN
366.92 Relay
Exchange 50 NGN for 366.92 Relay
100 NGN
733.85 Relay
Exchange 100 NGN for 733.85 Relay
200 NGN
1,467.7 Relay
Exchange 200 NGN for 1,467.7 Relay
500 NGN
3,669.25 Relay
Exchange 500 NGN for 3,669.25 Relay
1000 NGN
7,338.5 Relay
Exchange 1000 NGN for 7,338.5 Relay
2000 NGN
14,677 Relay
Exchange 2000 NGN for 14,677 Relay
5000 NGN
36,692.5 Relay
Exchange 5000 NGN for 36,692.5 Relay
10000 NGN
73,384.99 Relay
Exchange 10000 NGN for 73,384.99 Relay
50000 NGN
366,924.97 Relay
Exchange 50000 NGN for 366,924.97 Relay
100000 NGN
733,849.93 Relay
Exchange 100000 NGN for 733,849.93 Relay
In the table above, you'll find a comprehensive NGN to Relay converter that shows the value of Nigerian Naira in Relay Chain across commonly used conversion amounts. The list covers conversions from 1 NGN to Relay, all the way up to 100000 NGN, providing a clear view of their respective values.

Relay to NGN chart

Relay/NGN: 1 Relay = 0.1363 NGN; 2026/02/09 01:23:42
In the past 1D, Relay Chain has changed +2.81% to NGN. Based on the trend and price charts, Relay Chain(Relay) has changed +2.81% to NGN while Nigerian Naira(NGN) has changed % to Relay in the last 24 hours.
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Relay to NGN conversion data: Volatility and price changes of Relay Chain in NGN

The highest Relay Chain price in NGN over the past 7 days was -- NGN while the lowest Relay Chain price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in Relay Chain price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and Relay to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.1794 NGN
-- NGN
-- NGN
-- NGN
Low
0.03755 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+2.81%
--
--
--

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Buy Relay (or USDT) for NGN (Nigerian Naira) offers
Bitget P2P trading does not currently support direct buying of Relay with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy Relay with USDT via Bitget spot market.
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Relay Chain information

Relay to NGN market statistics

Relay/NGN:
₦0.1363
Relay 24h volume:
₦22,453,243,156.07
Relay market cap:
₦136,267,389.06
Relay circulating supply:
1000.00M Relay

Current Relay to NGN exchange rate

Relay Chain to Nigerian Naira is falling this week.
Relay Chain's current market price is ₦0.1363 per Relay, with a total market cap of ₦136,267,389.06 NGN based on a circulating supply of 999,998,140 Relay. The trading volume of Relay Chain has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, Relay's trading volume was ₦--.

More info about Relay Chain on Bitget

Nigerian Naira information

About the Nigerian Naira (NGN)

What Is the Nigerian Naira (NGN)?

The Nigerian Naira is the official currency of Nigeria, a country in West Africa. The Naira is symbolized by ₦ and has the currency code NGN. One Naira is divided into 100 Kobo. As Africa's largest economy, Nigerian Naira plays a crucial role both domestically and in the African financial landscape. The Nigerian Naira is the sole legal tender in Nigeria, and it is used for all transactions within the country.

The Nigerian Naira is issued by the Central Bank of Nigeria (CBN), which is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The CBN is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining the value of the Naira.

What Is the History of NGN?

The Nigerian Naira, introduced on January 1, 1973, marked a significant milestone in Nigeria's economic history, replacing the Nigerian pound at a rate of 2 Naira for 1 pound. This transition signified Nigeria's shift from the British pound sterling to a distinct and independent decimal currency system. The name 'Naira' was derived from 'Nigeria', symbolizing the nation's sovereignty in monetary matters. The initial series of banknotes and coins were the first to be issued by an independent Nigeria, with the coins being the last to feature Queen Elizabeth II, reflecting the country's colonial history.

Notes and Coins of NGN

The Nigerian Naira (NGN) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50 Kobo, 1 Naira, and 2 Naira. Banknotes are issued in denominations of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.

What Is eNaira?

The eNaira is the first African central bank digital currency (CBDC). Launched on October 25, 2021, by President Muhammadu Buhari, the eNaira is issued and regulated by the Central Bank of Nigeria (CBN). It operates as a legal tender, just like physical Naira, but in a digital form, maintaining a one-to-one value with the traditional Naira. The eNaira aims to enhance financial inclusion, improve payment efficiency, and facilitate seamless cross-border transactions. It operates on a blockchain network, allowing peer-to-peer transactions without intermediaries, distinguishing itself from decentralized cryptocurrencies like Bitcoin by running on a private blockchain controlled by the CBN. Users access the eNaira through digital wallets, with transactions promising speed, reduced costs, and increased convenience.

Is NGN Pegged to GBP?

No, the Nigerian Naira (NGN) is not pegged to the British Pound Sterling (GBP). The Naira operates on a floating exchange rate system, where its value is determined by market forces based on supply and demand in the foreign exchange market.

Historically, Nigeria used the British Pound Sterling during its time as a British colony and for some years after gaining independence. However, in 1973, Nigeria introduced the Naira to replace the Pound Sterling and established its own monetary system. Since then, the Naira has not been pegged to the Pound Sterling or any other foreign currency but has been subject to fluctuations in the international currency markets.

Is NGN a Stable Currency?

The Nigerian Naira (NGN) has historically faced challenges regarding stability. The Naira had been experiencing significant fluctuations, largely due to factors such as political instability, economic challenges, and fluctuations in oil prices, which is a major revenue source for Nigeria. For instance, in 2021, the official exchange rate of the Naira to the US Dollar was around 380 NGN to 1 USD, while the parallel market rate was much higher, around 475 NGN to 1 USD. In June 2023, the Naira fell 23% in a day to a rate of ₦600 to US$1. This discrepancy indicates ongoing challenges in achieving currency stability.

Bitget crypto-to-fiat exchange data shows that the most popular Relay Chain currency pair is the Relay to NGN, with for Relay Chain's currency code being Relay. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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How to convert Relay to NGN

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Relay to NGN Conversion tables

The exchange rate of Relay Chain is decreasing.
The exchange rate of 1 Relay to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.81%, reaching a high of 0.1794 NGN and a low of 0.03755 NGN . One month ago, the value of 1 Relay was ₦-- NGN , which represents a --% change from its current value. Over the last year, Relay Chain has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 01:23 am today 24 hours ago 24h change
0.5 Relay
₦0.06813₦--
+2.81%
1 Relay
₦0.1363₦--
+2.81%
5 Relay
₦0.6813₦--
+2.81%
10 Relay
₦1.36₦--
+2.81%
50 Relay
₦6.81₦--
+2.81%
100 Relay
₦13.63₦--
+2.81%
500 Relay
₦68.13₦--
+2.81%
1000 Relay
₦136.27₦--
+2.81%

Relay to NGN FAQ

How much is 1 Relay Chain in NGN?
Right now, the price of 1 Relay Chain (Relay) in Nigerian Naira (NGN) is ₦0.1363.
How much Relay can I buy for 1 NGN?
Based on the current exchange rate, you can get 7.34 Relay for 1 NGN.
How do I calculate or convert Relay to NGN?
You can use our Relay to NGN calculator at the top of this page to convert any amount of Relay to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 36.69 Relay, while 5 Relay will cost around 0.6813NGN.
What is the highest price of Relay/NGN in history?
The all-time high price of 1 Relay in NGN is --. It remains to be seen if the value of 1 Relay/NGN will exceed the current all-time high.
What is the price trend of Relay Chain in NGN?
Over the past 7 days, the exchange rate of Relay Chain (Relay) has gone down by --.   Over the last month, the exchange rate of Relay Chain (Relay) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of Relay to NGN?

There are many factors that affect the relationship between Relay Chain and Nigerian Naira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of Relay/NGN. When there is positive news in the market about the widespread adoption of Relay or major technological breakthroughs, it tends to trigger market optimism and drive the rise of Relay/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in Relay/NGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of Relay/NGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Relay Chain and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Relay Chain currency pairs: Relay to US Dollar (USD), Relay to Euro (EUR), Relay to Pound Sterling (GBP), Relay to Canadian Dollar (CAD), Relay to Indian Rupee (INR), Relay to Pakistani Rupee (PKR), Relay to Brazilian Real (BRL), Relay to…
The price of Relay Chain in the US is $0.C$0.00013619980 USD. Additionally, Relay Chain’s price is €0.{4}8413 EUR in the eurozone, £0.{4}7291 GBP in the UK, {4} CAD in Canada, ₹0.009140 INR in India, ₨0.02810 PKR in Pakistan, R$0.0005253 BRL in Brazil, and more.
The most popular Relay Chain currency pair is the Relay to Nigerian Naira(NGN). The price of 1 Relay Chain (Relay) in Nigerian Naira (NGN) is ₦0.1363.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.
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