South African Rand to Nigerian Naira — ZAR to NGN
ZAR to NGN Converter
ZAR/NGN Rate — Last 30 Days
ZAR edged up 0.79% this week — modest gains, no strong directional signal.
The 7-day average rate is above the 30-day average — recent momentum favors ZAR strengthening vs NGN. Uptrends can persist, but watch for a mean-reversion pullback.
4 consecutive days where ZAR gained vs NGN. Consistent streaks indicate sustained buying pressure — but longer streaks increase the odds of a short-term pullback.
The rate is at its highest point in 30 days. Strong bullish momentum — ZAR buyers are in control. At highs, watch for resistance and potential reversal.
RSI of 75 means ZAR has risen fast relative to NGN and may be overextended. RSI above 70 often precedes a pullback or consolidation — not a sell signal on its own, but a caution flag. Works best combined with other signals.
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Rate Statistics
| Period | High | Low | Average |
|---|---|---|---|
| 7 days | 84.3376 | 83.6728 | 84.0410 |
| 30 days | 84.5166 | 82.1653 | 83.2925 |
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Historical ZAR/NGN Rates by Year
What drives the ZAR/NGN rate?
Whether you're converting ZAR for travel, business, or investment, here's what drives the ZAR to NGN exchange rate. The ZAR/NGN exchange rate is determined by supply and demand in global currency markets, influenced by interest rate decisions from both central banks, economic data releases, inflation figures, and broader risk sentiment in financial markets. Trade flows between the two countries or regions also play an important role in long-term rate direction.
How to get the best ZAR to NGN rate
The rate shown above is the interbank mid-market rate — the real exchange rate used between financial institutions. Individual customers cannot access this rate directly. Banks typically add a 2–3% spread on top, meaning you receive significantly less than the rate shown.
Online transfer services like Wise offer rates very close to the interbank rate with a small transparent fee of 0.5–1%. On a $1,000 ZAR exchange this typically saves $15–25 compared to a bank. Airport exchange booths charge the highest fees — often 5–8% above the interbank rate — and should be avoided for large amounts.