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3000 South African rand to Nigerian naira Exchange Rate History - XTransfer

3000 South African rand to Nigerian naira Historical Exchange Rates

Welcome to the ZAR to NGN exchange rate history page. This page contains detailed daily historical exchange rates between ZAR and NGN from 2025-3-8 to 2026-04-03, making it easy to look up and reference.

Amount
Result

1 ZAR = 81.2768 NGN

13:29 Exchange Rate

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1 South African rand to Nigerian naira Historical Exchange Rate Trends

1 ZAR = -- NGN

13:29 Exchange Rate

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

1 South African rand to Nigerian naira Data Statistics

This section organizes the historical exchange rate data of 1 ZAR to NGN, 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
81.2768
82.3073
86.4202
92.8832
Low
81.2768
80.9962
79.9848
79.9848
Average
81.2768
81.5056
82.4041
86.3836

Past 7 days historical exchange rates

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

ZAR to NGN - Last 7 Days

ZARZARNGNNGN
2026-04-03
81.2768
ZARZARNGNNGN
2026-04-02
82.3073
ZARZARNGNNGN
2026-04-01
81.872
ZARZARNGNNGN
2026-03-31
81.4199
ZARZARNGNNGN
2026-03-30
81.136
ZARZARNGNNGN
2026-03-29
81.2861
ZARZARNGNNGN
2026-03-28
81.2861

NGN to ZAR - Last 7 Days

NGNNGNZARZAR
2026-04-03
0.0123
NGNNGNZARZAR
2026-04-02
0.0121
NGNNGNZARZAR
2026-04-01
0.012
NGNNGNZARZAR
2026-03-31
0.0123
NGNNGNZARZAR
2026-03-30
0.012
NGNNGNZARZAR
2026-03-29
0.0123
NGNNGNZARZAR
2026-03-28
0.0123

ZARZAR - South African Rand

The rand was issued in 1961 with the establishment of the Republic of South Africa, replacing the South African pound. ZAR is the mainstay currency of the South African economy and is widely used in mining, manufacturing and financial services. As one of the most important currencies in Africa, the rand has a high liquidity in the international market.

  • Supporting unit:1 cent (1 rand = 100 cents)
  • Denomination of banknotes:10, 20, 50, 100, 200 Rand
  • Reserve currency:No, but it has a significant influence in the African region.
  • Banknote material:Paper-based, featuring various anti-counterfeiting designs.
  • Metal composition:Copper-nickel alloy, nickel-plated steel core alloy
  • Currency symbol:R
  • Paper currency size:Approximately 140mm × 70mm
  • language:en
  • Main unit:Rand
  • ISO code:ZAR
  • Currency name:South African Rand
  • Exchange Rate System:Floating exchange rate system
  • Central Bank:South African Reserve Bank
  • Safe-haven currency:No, mainly emerging market currencies.
  • Coin denomination:5, 10, 20, 50 cents; 1, 2, 5 rand.
  • Countries of Use:South Africa, Namibia, Lesotho, Eswatini, and Zimbabwe (partially used)
  • Cross-border payment:The rand is widely circulated in southern Africa, international payments are mostly conducted through the SWIFT network, and cross-border trade often settles in US dollars or euros.

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.

FAQ

Based on the historical patterns of South African rand to Nigerian naira, is now a good time to exchange?

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

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

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

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

Historically, South African rand against Nigerian naira has indeed experienced violent fluctuations or even plunges due to policy shocks or economic crises. The best way to hedge against South African rand 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 ZAR to NGN within an acceptable trade cost range.

Is the current exchange rate of South African rand to Nigerian naira considered a historical high or low?

To evaluate the current level of ZAR to NGN, 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 South African rand is approaching a historical resistance level. If the current ZAR price has broken through highs from years ago, it indicates that ZAR is at an extreme high; exchanging South African rand to Nigerian naira now can often lock in more substantial trade profits than in previous years.

How accurate are the AI-predicted exchange rates for South African rand to Nigerian naira?

AI predictions for ZAR to NGN are trend references derived from historical big data and market sentiment models. While AI can capture the operational patterns of ZAR through algorithms, it is difficult to 100% predict sudden international political events or unexpected policy adjustments. Therefore, the predicted values for South African rand to Nigerian naira 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.