XTransfer
  • Products & Services
  • About Us
  • Help & Support
English
Create account
10000000 Nigerian naira to Canadian dollar Exchange Rate History - XTransfer

10000000 Nigerian naira to Canadian dollar Historical Exchange Rates

Welcome to the NGN to CAD exchange rate history page. This page contains detailed daily historical exchange rates between NGN and CAD from 2025-3-8 to 2026-06-07, making it easy to look up and reference.

Amount
Result

1 NGN = 0.00101847 CAD

12:31 Exchange Rate

advertisement banner

Pay and get paid in local currency. Save up to 80% on your currency exchanges.

Get it for free now

1 Nigerian naira to Canadian dollar Historical Exchange Rate Trends

1 NGN = -- CAD

12:31 Exchange Rate

NGN - CAD+0%
7D
1M
3M
Invalid DateInvalid Date

1 Nigerian naira to Canadian dollar Data Statistics

This section organizes the historical exchange rate data of 1 NGN to CAD, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
0.00101847
0.00101895
0.00101895
0.00101895
Low
0.00101847
0.00100542
0.0009989
0.000969146
Average
0.00101847
0.00101051
0.001006818
0.001000193

Past 7 days historical exchange rates

Below are the daily average exchange rates of NGN to CAD for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of CAD to NGN, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

NGN to CAD - Last 7 Days

NGNNGNCADCAD
2026-06-07
0.00101847
NGNNGNCADCAD
2026-06-06
0.00101895
NGNNGNCADCAD
2026-06-05
0.00101554
NGNNGNCADCAD
2026-06-04
0.00101404
NGNNGNCADCAD
2026-06-03
0.00101031
NGNNGNCADCAD
2026-06-02
0.00101318
NGNNGNCADCAD
2026-06-01
0.00100568

CAD to NGN - Last 7 Days

CADCADNGNNGN
2026-06-07
981.86495429
CADCADNGNNGN
2026-06-06
981.40242406
CADCADNGNNGN
2026-06-05
984.69779625
CADCADNGNNGN
2026-06-04
986.15439233
CADCADNGNNGN
2026-06-03
989.79521137
CADCADNGNNGN
2026-06-02
986.99145265
CADCADNGNNGN
2026-06-01
994.35208018

NGNNGN - Nigerian Naira

The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.

  • Supporting unit:1 Naira = 100 Kobo
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
  • Reserve currency:No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
  • Banknote material:Most are paper-based, while some small denominations are made of polymer.
  • Metal composition:Nickel-plated steel core, copper alloy, aluminum alloy, etc.
  • Currency symbol:
  • Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
  • language:en
  • Main unit:Naira
  • ISO code:NGN
  • Currency name:Nigerian Naira
  • Exchange Rate System:Regulated floating exchange rate system
  • Central Bank:Central Bank of Nigeria
  • Safe-haven currency:No, there are significant fluctuations in exchange rates and strong capital controls.
  • Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
  • Countries of Use:Nigeria is the only country where it is used officially.
  • Cross-border payment:Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.

CADCAD - Canadian Dollar

The Canadian dollar has been issued since 1858 and was originally valued on the gold standard. The CAD is widely used in commodity trading, especially energy and agricultural products trading with the United States. As one of the world's major reserve currencies, the Canadian dollar is often regarded as a representative of commodity currency.

  • Supporting unit:1 yuan = 100 fen
  • Denomination of banknotes:5, 10, 20, 50, 100 CAD
  • Reserve currency:Yes, it is one of the world's important reserve currencies.
  • Banknote material:Polymer banknotes are durable and have strong anti-counterfeiting features.
  • Metal composition:Nickel, copper, and steel alloys
  • Currency symbol:C$ or $
  • Paper currency size:Length approximately 152.4mm, width 69.85mm.
  • language:en
  • Main unit:1 yuan
  • ISO code:CAD
  • Currency name:Canadian Dollar
  • Exchange Rate System:Floating exchange rate system, determined by market supply and demand.
  • Central Bank:Bank of Canada
  • Safe-haven currency:Some currencies are considered safe havens due to their economic stability and resource advantages.
  • Coin denomination:1, 5, 10, 25, 50 cents; 1, 2 yuan coins
  • Countries of Use:The official currency of Canada, also used by some Caribbean countries.
  • Cross-border payment:Supported by SWIFT and other international payment platforms, the Canadian dollar has high liquidity in global trade and investment.

FAQ

Based on the historical patterns of Nigerian naira to Canadian dollar, is now a good time to exchange?

To judge the timing for exchanging Nigerian naira to Canadian dollar, one must compare current rates with the average over the past year or even five years. If the current Nigerian naira rate is well above the historical average, it usually means NGN is in a strong period, making it a good window for settlement into CAD. Conversely, if Nigerian naira is at a historical low, it is recommended for exporters to hold NGN in batches and avoid the troughs to minimize losses when converting to CAD.

What are the main reasons affecting the historical volatility of NGN to CAD recently?

The core factor affecting the historical volatility of Nigerian naira to Canadian dollar recently is the divergence in monetary policies between the two countries. When interest rate hikes are implemented, the attractiveness of NGN tends to increase, leading to a significant rise in its historical exchange rate against CAD. Additionally, fluctuations in global trade data and inflation levels trigger safe-haven demand for NGN, thereby intensifying the frequency of two-way volatility between Nigerian naira and Canadian dollar.

Has NGN experienced a sharp plunge against CAD before? How can I protect myself?

Historically, Nigerian naira against Canadian dollar has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against Nigerian naira exchange rate risk is to analyze its historical volatility cycles and avoid betting on a one-sided market at a single high point. It is recommended to use batch settlement or forward locking tools to keep the volatility risk of NGN to CAD within an acceptable trade cost range.

Is the current exchange rate of Nigerian naira to Canadian dollar considered a historical high or low?

To evaluate the current level of NGN to CAD, one must examine the currency pair's long-term trend chart. By comparing the peaks and troughs of the past five years, you can clearly see if Nigerian naira is approaching a historical resistance level. If the current NGN price has broken through highs from years ago, it indicates that NGN is at an extreme high; exchanging Nigerian naira to Canadian dollar now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for Nigerian naira to Canadian dollar?

AI predictions for NGN to CAD are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of NGN through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for Nigerian naira to Canadian dollar should serve as supplementary advice for settlement timing, rather than an absolute execution guarantee.

How to stabilize exchange rates through convenient payment methods?

To stabilize profit fluctuations caused by exchange rates, the key is to shorten the decision-making link for settlement. By opening a global collection account online through XTransfer, foreign trade enterprises can move away from traditional banks' cumbersome offline declaration processes and lock in ideal rates for real-time settlement on their phones anytime, anywhere. This digital and convenient payment method from XTransfer frees you from bank hours and complex document reviews, allowing you to more autonomously capture market highs and ensure every payment is secured, effectively hedging against exchange loss risks.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.