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Suiman to Nigerian Naira (SUIMAN to NGN)

SUIMAN to NGN Converter and calculator

SUIMAN/NGN: 1 SUIMAN = 0.04634 NGN. The price of converting 1 Suiman (SUIMAN) to Nigerian Naira (NGN) is 0.04634 NGN today.
SUIMAN
SUIMAN
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SUIMAN to NGN real-time exchange rates, making it easy to convert Suiman (SUIMAN) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 SUIMAN is currently valued at 0.04634 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SUIMAN is currently valued at 0.04634 NGN, which means buying 5 SUIMAN would cost 0.2317 NGN. Similarly, ₦1 NGN can be converted to 21.58 SUIMAN, and ₦50 NGN can be converted to 107.9 SUIMAN, excluding any platform or gas fees.

Convert SUIMAN to NGN

Convert NGN to SUIMAN

Suiman
Nigerian Naira
1 SUIMAN
0.04634  NGN
Exchange 1 SUIMAN for 0.04634 NGN
2 SUIMAN
0.09268  NGN
Exchange 2 SUIMAN for 0.09268 NGN
5 SUIMAN
0.2317  NGN
Exchange 5 SUIMAN for 0.2317 NGN
10 SUIMAN
0.4634  NGN
Exchange 10 SUIMAN for 0.4634 NGN
20 SUIMAN
0.9268  NGN
Exchange 20 SUIMAN for 0.9268 NGN
50 SUIMAN
2.32  NGN
Exchange 50 SUIMAN for 2.32 NGN
100 SUIMAN
4.63  NGN
Exchange 100 SUIMAN for 4.63 NGN
200 SUIMAN
9.27  NGN
Exchange 200 SUIMAN for 9.27 NGN
500 SUIMAN
23.17  NGN
Exchange 500 SUIMAN for 23.17 NGN
1000 SUIMAN
46.34  NGN
Exchange 1000 SUIMAN for 46.34 NGN
5000 SUIMAN
231.69  NGN
Exchange 5000 SUIMAN for 231.69 NGN
10000 SUIMAN
463.38  NGN
Exchange 10000 SUIMAN for 463.38 NGN
In the table above, you'll find a comprehensive SUIMAN to NGN converter that shows the value of Suiman in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 SUIMAN to NGN, all the way up to 10000 SUIMAN, providing a clear view of their respective values.
Nigerian Naira
Suiman
1 NGN
21.58 SUIMAN
Exchange 1 NGN for 21.58 SUIMAN
10 NGN
215.81 SUIMAN
Exchange 10 NGN for 215.81 SUIMAN
50 NGN
1,079.04 SUIMAN
Exchange 50 NGN for 1,079.04 SUIMAN
100 NGN
2,158.08 SUIMAN
Exchange 100 NGN for 2,158.08 SUIMAN
200 NGN
4,316.16 SUIMAN
Exchange 200 NGN for 4,316.16 SUIMAN
500 NGN
10,790.4 SUIMAN
Exchange 500 NGN for 10,790.4 SUIMAN
1000 NGN
21,580.79 SUIMAN
Exchange 1000 NGN for 21,580.79 SUIMAN
2000 NGN
43,161.58 SUIMAN
Exchange 2000 NGN for 43,161.58 SUIMAN
5000 NGN
107,903.95 SUIMAN
Exchange 5000 NGN for 107,903.95 SUIMAN
10000 NGN
215,807.9 SUIMAN
Exchange 10000 NGN for 215,807.9 SUIMAN
50000 NGN
1,079,039.51 SUIMAN
Exchange 50000 NGN for 1,079,039.51 SUIMAN
100000 NGN
2,158,079.03 SUIMAN
Exchange 100000 NGN for 2,158,079.03 SUIMAN
In the table above, you'll find a comprehensive NGN to SUIMAN converter that shows the value of Nigerian Naira in Suiman across commonly used conversion amounts. The list covers conversions from 1 NGN to SUIMAN, all the way up to 100000 NGN, providing a clear view of their respective values.

SUIMAN to NGN chart

SUIMAN/NGN: 1 SUIMAN = 0.04634 NGN; 2026/01/10 07:08:13
In the past 1D, Suiman has changed -0.49% to NGN. Based on the trend and price charts, Suiman(SUIMAN) has changed -0.49% to NGN while Nigerian Naira(NGN) has changed % to SUIMAN in the last 24 hours.
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SUIMAN to NGN conversion data: Volatility and price changes of Suiman in NGN

The highest Suiman price in NGN over the past 7 days was 0.05511 NGN while the lowest Suiman price in NGN over the past 7 days was 0.04491 NGN. The relative change between the highs and lows in Suiman price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and SUIMAN 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
0.04701 NGN
0.05511 NGN
0.05511 NGN
0.09495 NGN
Low
0.04600 NGN
0.04491 NGN
0.03359 NGN
0.03232 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.49%
+4.80%
+22.97%
-40.24%

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Suiman information

SUIMAN to NGN market statistics

SUIMAN/NGN:
₦0.04634
SUIMAN 24h volume:
₦39,827.49
SUIMAN market cap:
--
SUIMAN circulating supply:
0 SUIMAN

Current SUIMAN to NGN exchange rate

Suiman to Nigerian Naira is rising this week.
Suiman's current market price is ₦0.04634 per SUIMAN, with a total market cap of ₦0 NGN based on a circulating supply of -- SUIMAN. The trading volume of Suiman has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, SUIMAN's trading volume was ₦39,827.49.

More info about Suiman 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 Suiman currency pair is the SUIMAN to NGN, with for Suiman's currency code being SUIMAN. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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How to convert SUIMAN to NGN

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SUIMAN to NGN Conversion tables

The exchange rate of Suiman is increasing.
The exchange rate of 1 SUIMAN to Nigerian Naira has changed by +4.80% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.49%, reaching a high of 0.04701 NGN and a low of 0.04600 NGN . One month ago, the value of 1 SUIMAN was ₦0.03760 NGN , which represents a +22.97% change from its current value. Over the last year, Suiman has changed by
-
1.24NGN
, resulting in a change of -96.37% in its value.
24 hours ago1 month ago1 year ago
Amount 07:08 am today 24 hours ago 24h change
0.5 SUIMAN
₦0.02317₦0.02329
-0.49%
1 SUIMAN
₦0.04634₦0.04657
-0.49%
5 SUIMAN
₦0.2317₦0.2329
-0.49%
10 SUIMAN
₦0.4634₦0.4657
-0.49%
50 SUIMAN
₦2.32₦2.33
-0.49%
100 SUIMAN
₦4.63₦4.66
-0.49%
500 SUIMAN
₦23.17₦23.29
-0.49%
1000 SUIMAN
₦46.34₦46.57
-0.49%

SUIMAN to NGN FAQ

How much is 1 Suiman in NGN?
Right now, the price of 1 Suiman (SUIMAN) in Nigerian Naira (NGN) is ₦0.04634.
How much SUIMAN can I buy for 1 NGN?
Based on the current exchange rate, you can get 21.58 SUIMAN for 1 NGN.
How do I calculate or convert SUIMAN to NGN?
You can use our SUIMAN to NGN calculator at the top of this page to convert any amount of SUIMAN to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 107.9 SUIMAN, while 5 SUIMAN will cost around 0.2317NGN.
What is the highest price of SUIMAN/NGN in history?
The all-time high price of 1 SUIMAN in NGN is ₦12.76. It remains to be seen if the value of 1 SUIMAN/NGN will exceed the current all-time high.
What is the price trend of Suiman in NGN?
Over the past 7 days, the exchange rate of Suiman (SUIMAN) has gone up by 4.80%.   Over the last month, the exchange rate of Suiman (SUIMAN) has gone up by 22.97% against Nigerian Naira (NGN).

What factors influence the conversion rate of SUIMAN to NGN?

There are many factors that affect the relationship between Suiman 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 SUIMAN/NGN. When there is positive news in the market about the widespread adoption of SUIMAN or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SUIMAN/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SUIMAN/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 SUIMAN/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 Suiman 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 Suiman currency pairs: SUIMAN to US Dollar (USD), SUIMAN to Euro (EUR), SUIMAN to Pound Sterling (GBP), SUIMAN to Canadian Dollar (CAD), SUIMAN to Indian Rupee (INR), SUIMAN to Pakistani Rupee (PKR), SUIMAN to Brazilian Real (BRL), SUIMAN to…
The price of Suiman in the US is $0.C$0.{4}45123242 USD. Additionally, Suiman’s price is €0.{4}2786 EUR in the eurozone, £0.{4}2418 GBP in the UK, {4} CAD in Canada, ₹0.002926 INR in India, ₨0.009077 PKR in Pakistan, R$0.0001742 BRL in Brazil, and more.
The most popular Suiman currency pair is the SUIMAN to Nigerian Naira(NGN). The price of 1 Suiman (SUIMAN) in Nigerian Naira (NGN) is ₦0.04634.

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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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