1 ZAR to NGN - Convert South African Rand to Nigerian Naira

Looking at the 30-day window, the ZAR/NGN pair traded in a range of 80.4109 to 84.7826. The monthly average was 82.1176 with 1.32% volatility. The relatively low volatility indicates stable trading conditions for the ZAR/NGN currency pair.

The current mid-market exchange rate is 1 ZAR = 83.9337 NGN, updated as of June 17, 2026, 4:00 AM 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.

South African Rand to Nigerian Naira Exchange Rate

The ZAR/NGN exchange rate tells you how many Nigerian Naira (NGN) you receive for every South African Rand (ZAR). At the current mid-market rate of 1 ZAR = 83.9337 NGN, 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 ZAR to NGN Rate

Exchange rates between South African Rand and Nigerian Naira 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 ZAR/NGN rate fluctuates throughout trading sessions and over longer time periods.

Historical ZAR/NGN Trends

The ZAR/NGN exchange rate has fluctuated over time in response to economic cycles, policy changes, and global events. Reviewing historical charts helps identify whether the current rate is relatively favorable or unfavorable compared to recent averages. The 30-day, 90-day, and 1-year chart views on this page provide visual context for understanding where today's rate sits within the broader trend.

Sending Money from ZAR to NGN

International money transfers from South African Rand to Nigerian Naira can be made through banks, online transfer services, or specialist forex brokers. Transfer times range from instant to several business days depending on the corridor and provider. Online services like Wise, Revolut, and OFX typically offer better rates and lower fees than traditional bank wire transfers, though availability varies by country and currency pair.

South African Rand Overview

The South African Rand (ZAR) is the official currency of South Africa. It is the most traded African currency and is influenced by gold and platinum prices, domestic economic conditions, and global risk sentiment. Understanding the fundamentals behind ZAR helps contextualize its exchange rate movements against NGN and other currencies.

Nigerian Naira Overview

The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's largest economy. Oil exports, remittances, and the recent rate unification have shaped the naira's evolving exchange rate regime. The NGN exchange rate against ZAR reflects relative economic conditions between the two currency areas.