20 CNY = 2,207.87 NGN
21 CNY = 2,318.26 NGN. 22 CNY = 2,428.66 NGN. 23 CNY = 2,539.05 NGN. 24 CNY = 2,649.44 NGN. 25 CNY = 2,759.84 NGN. 26 CNY = 2,870.23 NGN. 27 CNY = 2,980.63 NGN. 28 CNY = 3,091.02 NGN. 29 CNY = 3,201.41 NGN.
30 CNY = 3,311.81 NGN
31 CNY = 3,422.20 NGN. 32 CNY = 3,532.59 NGN. 33 CNY = 3,642.99 NGN. 34 CNY = 3,753.38 NGN. 35 CNY = 3,863.77 NGN. 36 CNY = 3,974.17 NGN. 37 CNY = 4,084.56 NGN. 38 CNY = 4,194.95 NGN. 39 CNY = 4,305.35 NGN.
40 CNY = 4,415.74 NGN
41 CNY = 4,526.13 NGN. 42 CNY = 4,636.53 NGN. 43 CNY = 4,746.92 NGN. 44 CNY = 4,857.31 NGN. 45 CNY = 4,967.71 NGN. 46 CNY = 5,078.10 NGN. 47 CNY = 5,188.50 NGN. 48 CNY = 5,298.89 NGN. 49 CNY = 5,409.28 NGN.
50 CNY = 5,519.68 NGN
51 CNY = 5,630.07 NGN. 52 CNY = 5,740.46 NGN. 53 CNY = 5,850.86 NGN. 54 CNY = 5,961.25 NGN. 55 CNY = 6,071.64 NGN. 56 CNY = 6,182.04 NGN. 57 CNY = 6,292.43 NGN. 58 CNY = 6,402.82 NGN. 59 CNY = 6,513.22 NGN.
60 CNY = 6,623.61 NGN
61 CNY = 6,734.00 NGN. 62 CNY = 6,844.40 NGN. 63 CNY = 6,954.79 NGN. 64 CNY = 7,065.19 NGN. 65 CNY = 7,175.58 NGN. 66 CNY = 7,285.97 NGN. 67 CNY = 7,396.37 NGN. 68 CNY = 7,506.76 NGN. 69 CNY = 7,617.15 NGN.
70 CNY = 7,727.55 NGN
71 CNY = 7,837.94 NGN. 72 CNY = 7,948.33 NGN. 73 CNY = 8,058.73 NGN. 74 CNY = 8,169.12 NGN. 75 CNY = 8,279.51 NGN. 76 CNY = 8,389.91 NGN. 77 CNY = 8,500.30 NGN. 78 CNY = 8,610.69 NGN. 79 CNY = 8,721.09 NGN.
80 CNY = 8,831.48 NGN
81 CNY = 8,941.88 NGN. 82 CNY = 9,052.27 NGN. 83 CNY = 9,162.66 NGN. 84 CNY = 9,273.06 NGN. 85 CNY = 9,383.45 NGN. 86 CNY = 9,493.84 NGN. 87 CNY = 9,604.24 NGN. 88 CNY = 9,714.63 NGN. 89 CNY = 9,825.02 NGN.
90 CNY = 9,935.42 NGN
91 CNY = 10,045.81 NGN. 92 CNY = 10,156.20 NGN. 93 CNY = 10,266.60 NGN. 94 CNY = 10,376.99 NGN. 95 CNY = 10,487.38 NGN. 96 CNY = 10,597.78 NGN. 97 CNY = 10,708.17 NGN. 98 CNY = 10,818.57 NGN. 99 CNY = 10,928.96 NGN.
100 CNY = 11,039.35 NGN
110 CNY = 12,143.29 NGN. 120 CNY = 13,247.22 NGN. 130 CNY = 14,351.16 NGN. 140 CNY = 15,455.09 NGN. 150 CNY = 16,559.03 NGN. 160 CNY = 17,662.96 NGN. 170 CNY = 18,766.90 NGN. 180 CNY = 19,870.83 NGN. 190 CNY = 20,974.77 NGN.
200 CNY = 22,078.70 NGN
210 CNY = 23,182.64 NGN. 220 CNY = 24,286.57 NGN. 230 CNY = 25,390.51 NGN. 240 CNY = 26,494.45 NGN. 250 CNY = 27,598.38 NGN. 260 CNY = 28,702.32 NGN. 270 CNY = 29,806.25 NGN. 280 CNY = 30,910.19 NGN. 290 CNY = 32,014.12 NGN.
300 CNY = 33,118.06 NGN
310 CNY = 34,221.99 NGN. 320 CNY = 35,325.93 NGN. 330 CNY = 36,429.86 NGN. 340 CNY = 37,533.80 NGN. 350 CNY = 38,637.73 NGN. 360 CNY = 39,741.67 NGN. 370 CNY = 40,845.60 NGN. 380 CNY = 41,949.54 NGN. 390 CNY = 43,053.47 NGN.
400 CNY = 44,157.41 NGN
410 CNY = 45,261.34 NGN. 420 CNY = 46,365.28 NGN. 430 CNY = 47,469.21 NGN. 440 CNY = 48,573.15 NGN. 450 CNY = 49,677.08 NGN. 460 CNY = 50,781.02 NGN. 470 CNY = 51,884.96 NGN. 480 CNY = 52,988.89 NGN. 490 CNY = 54,092.83 NGN.
500 CNY = 55,196.76 NGN
510 CNY = 56,300.70 NGN. 520 CNY = 57,404.63 NGN. 530 CNY = 58,508.57 NGN. 540 CNY = 59,612.50 NGN. 550 CNY = 60,716.44 NGN. 560 CNY = 61,820.37 NGN. 570 CNY = 62,924.31 NGN. 580 CNY = 64,028.24 NGN. 590 CNY = 65,132.18 NGN.
600 CNY = 66,236.11 NGN
610 CNY = 67,340.05 NGN. 620 CNY = 68,443.98 NGN. 630 CNY = 69,547.92 NGN. 640 CNY = 70,651.85 NGN. 650 CNY = 71,755.79 NGN. 660 CNY = 72,859.72 NGN. 670 CNY = 73,963.66 NGN. 680 CNY = 75,067.60 NGN. 690 CNY = 76,171.53 NGN.
700 CNY = 77,275.47 NGN
710 CNY = 78,379.40 NGN. 720 CNY = 79,483.34 NGN. 730 CNY = 80,587.27 NGN. 740 CNY = 81,691.21 NGN. 750 CNY = 82,795.14 NGN. 760 CNY = 83,899.08 NGN. 770 CNY = 85,003.01 NGN. 780 CNY = 86,106.95 NGN. 790 CNY = 87,210.88 NGN.
800 CNY = 88,314.82 NGN
810 CNY = 89,418.75 NGN. 820 CNY = 90,522.69 NGN. 830 CNY = 91,626.62 NGN. 840 CNY = 92,730.56 NGN. 850 CNY = 93,834.49 NGN. 860 CNY = 94,938.43 NGN. 870 CNY = 96,042.36 NGN. 880 CNY = 97,146.30 NGN. 890 CNY = 98,250.23 NGN.
900 CNY = 99,354.17 NGN
910 CNY = 100,458.11 NGN. 920 CNY = 101,562.04 NGN. 930 CNY = 102,665.98 NGN. 940 CNY = 103,769.91 NGN. 950 CNY = 104,873.85 NGN. 960 CNY = 105,977.78 NGN. 970 CNY = 107,081.72 NGN. 980 CNY = 108,185.65 NGN. 990 CNY = 109,289.59 NGN.
1000 CNY = 110,393.52 NGN
1100 CNY = 121,432.87 NGN. 1200 CNY = 132,472.23 NGN. 1300 CNY = 143,511.58 NGN. 1400 CNY = 154,550.93 NGN. 1500 CNY = 165,590.28 NGN. 1600 CNY = 176,629.64 NGN. 1700 CNY = 187,668.99 NGN. 1800 CNY = 198,708.34 NGN. 1900 CNY = 209,747.69 NGN.
2000 CNY = 220,787.04 NGN
2100 CNY = 231,826.40 NGN. 2200 CNY = 242,865.75 NGN. 2300 CNY = 253,905.10 NGN. 2400 CNY = 264,944.45 NGN. 2500 CNY = 275,983.81 NGN. 2600 CNY = 287,023.16 NGN. 2700 CNY = 298,062.51 NGN. 2800 CNY = 309,101.86 NGN. 2900 CNY = 320,141.21 NGN.
3000 CNY = 331,180.57 NGN
3100 CNY = 342,219.92 NGN. 3200 CNY = 353,259.27 NGN. 3300 CNY = 364,298.62 NGN. 3400 CNY = 375,337.98 NGN. 3500 CNY = 386,377.33 NGN. 3600 CNY = 397,416.68 NGN. 3700 CNY = 408,456.03 NGN. 3800 CNY = 419,495.38 NGN. 3900 CNY = 430,534.74 NGN.
4000 CNY = 441,574.09 NGN
4100 CNY = 452,613.44 NGN. 4200 CNY = 463,652.79 NGN. 4300 CNY = 474,692.14 NGN. 4400 CNY = 485,731.50 NGN. 4500 CNY = 496,770.85 NGN. 4600 CNY = 507,810.20 NGN. 4700 CNY = 518,849.55 NGN. 4800 CNY = 529,888.91 NGN. 4900 CNY = 540,928.26 NGN.
5000 CNY = 551,967.61 NGN
5100 CNY = 563,006.96 NGN. 5200 CNY = 574,046.31 NGN. 5300 CNY = 585,085.67 NGN. 5400 CNY = 596,125.02 NGN. 5500 CNY = 607,164.37 NGN. 5600 CNY = 618,203.72 NGN. 5700 CNY = 629,243.08 NGN. 5800 CNY = 640,282.43 NGN. 5900 CNY = 651,321.78 NGN.
6000 CNY = 662,361.13 NGN
6100 CNY = 673,400.48 NGN. 6200 CNY = 684,439.84 NGN. 6300 CNY = 695,479.19 NGN. 6400 CNY = 706,518.54 NGN. 6500 CNY = 717,557.89 NGN. 6600 CNY = 728,597.25 NGN. 6700 CNY = 739,636.60 NGN. 6800 CNY = 750,675.95 NGN. 6900 CNY = 761,715.30 NGN.
7000 CNY = 772,754.65 NGN
7100 CNY = 783,794.01 NGN. 7200 CNY = 794,833.36 NGN. 7300 CNY = 805,872.71 NGN. 7400 CNY = 816,912.06 NGN. 7500 CNY = 827,951.42 NGN. 7600 CNY = 838,990.77 NGN. 7700 CNY = 850,030.12 NGN. 7800 CNY = 861,069.47 NGN. 7900 CNY = 872,108.82 NGN.
8000 CNY = 883,148.18 NGN
8100 CNY = 894,187.53 NGN. 8200 CNY = 905,226.88 NGN. 8300 CNY = 916,266.23 NGN. 8400 CNY = 927,305.59 NGN. 8500 CNY = 938,344.94 NGN. 8600 CNY = 949,384.29 NGN. 8700 CNY = 960,423.64 NGN. 8800 CNY = 971,462.99 NGN. 8900 CNY = 982,502.35 NGN.
9000 CNY = 993,541.70 NGN
9100 CNY = 1,004,581.05 NGN. 9200 CNY = 1,015,620.40 NGN. 9300 CNY = 1,026,659.76 NGN. 9400 CNY = 1,037,699.11 NGN. 9500 CNY = 1,048,738.46 NGN. 9600 CNY = 1,059,777.81 NGN. 9700 CNY = 1,070,817.16 NGN. 9800 CNY = 1,081,856.52 NGN. 9900 CNY = 1,092,895.87 NGN.
10000 CNY = 1,103,935.22 NGN
10100 CNY = 1,114,974.57 NGN. 10200 CNY = 1,126,013.93 NGN. 10300 CNY = 1,137,053.28 NGN. 10400 CNY = 1,148,092.63 NGN. 10500 CNY = 1,159,131.98 NGN. 10600 CNY = 1,170,171.33 NGN. 10700 CNY = 1,181,210.69 NGN. 10800 CNY = 1,192,250.04 NGN. 10900 CNY = 1,203,289.39 NGN.
11000 CNY = 1,214,328.74 NGN
11100 CNY = 1,225,368.10 NGN. 11200 CNY = 1,236,407.45 NGN. 11300 CNY = 1,247,446.80 NGN. 11400 CNY = 1,258,486.15 NGN. 11500 CNY = 1,269,525.50 NGN. 11600 CNY = 1,280,564.86 NGN. 11700 CNY = 1,291,604.21 NGN. 11800 CNY = 1,302,643.56 NGN. 11900 CNY = 1,313,682.91 NGN.
12000 CNY = 1,324,722.27 NGN
12100 CNY = 1,335,761.62 NGN. 12200 CNY = 1,346,800.97 NGN. 12300 CNY = 1,357,840.32 NGN. 12400 CNY = 1,368,879.67 NGN. 12500 CNY = 1,379,919.03 NGN. 12600 CNY = 1,390,958.38 NGN. 12700 CNY = 1,401,997.73 NGN. 12800 CNY = 1,413,037.08 NGN. 12900 CNY = 1,424,076.43 NGN.
13000 CNY = 1,435,115.79 NGN
13100 CNY = 1,446,155.14 NGN. 13200 CNY = 1,457,194.49 NGN. 13300 CNY = 1,468,233.84 NGN. 13400 CNY = 1,479,273.20 NGN. 13500 CNY = 1,490,312.55 NGN. 13600 CNY = 1,501,351.90 NGN. 13700 CNY = 1,512,391.25 NGN. 13800 CNY = 1,523,430.60 NGN. 13900 CNY = 1,534,469.96 NGN.
14000 CNY = 1,545,509.31 NGN
14100 CNY = 1,556,548.66 NGN. 14200 CNY = 1,567,588.01 NGN. 14300 CNY = 1,578,627.37 NGN. 14400 CNY = 1,589,666.72 NGN. 14500 CNY = 1,600,706.07 NGN. 14600 CNY = 1,611,745.42 NGN. 14700 CNY = 1,622,784.77 NGN. 14800 CNY = 1,633,824.13 NGN. 14900 CNY = 1,644,863.48 NGN.
15000 CNY = 1,655,902.83 NGN
Currency graphs have been hyperactive with high jumps and low dips lately. This fluctuation is normal and is governed by supply and demand.
Currency exchange involves the buying and selling of the world's monies vis-à-vis any other commodity. If the need for a particular country's currency is high, the high demand leads to a higher forex rate, and vice versa.
Just like the demand and supply of oil is influenced by the number of vehicles on the road or the technological efficiency in the production of that oil, money has similar determinants.
They range from monetary policies to politics and other factors that affect the economy.
Inflation rates are direct indicators of the purchasing power of a country's currency. If the inflation rate is high in your country, you might need more money to buy a cup of coffee now than you did last year. If it is low, the same cup of coffee will cost surprisingly lower.
High inflation rates indicate a weakening economy, while low inflation rates denote a strengthening economy. Currency values rise when the inflation rate is lower, and the economy is stronger. They fall when inflation rises.
Economy and politics are tied at the hip. Bad political temperatures can lead to the weakening of a country's currency and cause it to trade for less in the forex market. That is why you find that 1 USD can be worth thousands in countries with unstable politics from Venezuela to Zimbabwe. When politics is bad, it destroys the business environment and productivity, leading to a weaker economy.
Politically sound countries, on the other hand, have an encouraging environment for investors and innovators. Their economy gets stronger, and the demand for their currencies increases. However, even politically stable countries can have rapid changes in exchange rates when nearing an election.
Higher interest rate is another investor magnet. Let's say country A has a higher interest rate than country B. Lenders get high rates and investors are guaranteed a higher return on their investments in country A. This country will, therefore, attract more business from the outside and entrepreneurship from the inside than country B which has lower interest’s rates. The economy of country A will outperform that of country B, and it will see its currency value appreciate significantly.
International trade affects the balance of trade between country A and B. It shows interest, dividend, and earnings made from the exchange of goods between those two countries. Country A would have a deficit of its buying more of country B's products.
This country would spend more currency than it receives from trading with country B. The excess demand for country B's currency drives up its value because it starts to become scarce. On the other hand, country A's currency value will start to decline because the world is oversupplied with it.
Countries that operate on a deficit budget spend more than they make (collect in taxes). These countries often turn to internal or international borrowing to fill the gap in their finances and stimulate the economy.
However, that can lead to a massive public debt that discourages foreign investors and domestic entrepreneurs because large public debt drives up inflation and minimize returns on investment. The economy of such a country takes on a downturn. That eventuality leads to a weaker currency and a lower exchange rate.
Much of the whipsawing currently happening in the Forex market is linked to the coronavirus. Health disasters like these wreak havoc to a country's economy and make it impossible to work. A lot of resources are directed towards the health issue, while other areas of the economy suffer.
When it comes to ailments like influenza, malaria, and HIV AIDs, developed countries, have created better response strategies and lowered their infection rates. These countries boast of better economies as a result, and higher exchange rates in the Forex market.
But for a new epidemic that is affecting all parts of the world equally, exchange rates are dropping and rising based on individual country's response measures, death tolls, and progress in developing a cure vaccine.
Countless factors affect the demand and supply of a country's currency and in turn, the exchange rate. It all boils down to economic productivity and stability. Countries with stronger or strengthening economies will have a higher exchange rate (you will buy more foreign currency with their money) compared to countries with weaker or weakening economies.