1 NGN to PYG - Convert Nigerian Naira to Paraguayan Guarani

Looking at the 30-day window, the NGN/PYG pair traded in a range of 4.3066 to 4.6263. The monthly average was 4.4622 with 1.97% volatility. The relatively low volatility indicates stable trading conditions for the NGN/PYG currency pair.

The current mid-market exchange rate is 1 NGN = 4.4139 PYG, updated as of July 3, 2026, 9:23 PM UTC. Mid-market rates represent the fairest available rate and are the midpoint between buy and sell prices on global currency markets. Actual transaction rates from banks or money transfer services may include a markup above this rate.

Nigerian Naira to Paraguayan Guarani Exchange Rate

The NGN/PYG exchange rate tells you how many Paraguayan Guarani (PYG) you receive for every Nigerian Naira (NGN). At the current mid-market rate of 1 NGN = 4.4139 PYG, this pair reflects live supply and demand conditions on the global foreign exchange market. The rate updates every 15 minutes on this page, giving you the most current data available.

What Affects the NGN to PYG Rate

Exchange rates between Nigerian Naira and Paraguayan Guarani are influenced by central bank interest rate decisions, inflation differentials, trade balances, and broader economic data releases from both countries. Political stability, commodity prices, and global risk sentiment can also cause significant moves. Monitoring these factors helps explain why the NGN/PYG rate fluctuates throughout trading sessions and over longer time periods.

Paraguayan Guarani Overview

The Paraguayan Guarani (PYG) is the official currency of Paraguay. Hydroelectric power exports (from Itaipu Dam) and soybean production are key economic drivers. The PYG exchange rate against NGN reflects relative economic conditions between the two currency areas.

Mid-Market Rate Explained

The mid-market rate of 1 NGN = 4.4139 PYG shown on this page is the fairest available exchange rate. It sits exactly between the buy and sell prices quoted by major financial institutions. No single provider can offer exactly the mid-market rate since their business model requires a small spread, but the best providers come within 0.5-1% of this benchmark. Use our rate as your comparison baseline.

Reverse Rate: PYG to NGN

The reverse exchange rate is 1 PYG = 0.226557 NGN. This is useful if you are starting with Paraguayan Guarani and want to know how much Nigerian Naira you will receive. Both the forward and reverse rates update simultaneously every 15 minutes on this page. You can also visit our dedicated PYG to NGN converter for the reverse direction.