LIVE NGN TO MXN RATE

Nigerian Naira to Mexican Peso rate is live on this page. NGN to MXN and its inverted exchange rate MXN to NGN are updated during market working hours.

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Live USD To NGN Rate.

Live USD To MXN Rate.

Some amounts at the snapped NGN to MXN exchange rate:

As of March 29, 2023 8:04 am London Time.

100 NGN = 3.95 MXN
200 NGN = 7.91 MXN. 300 NGN = 11.86 MXN. 400 NGN = 15.82 MXN. 500 NGN = 19.77 MXN. 600 NGN = 23.73 MXN. 700 NGN = 27.68 MXN. 800 NGN = 31.64 MXN. 900 NGN = 35.59 MXN.

1000 NGN = 39.55 MXN
1100 NGN = 43.50 MXN. 1200 NGN = 47.46 MXN. 1300 NGN = 51.41 MXN. 1400 NGN = 55.37 MXN. 1500 NGN = 59.32 MXN. 1600 NGN = 63.28 MXN. 1700 NGN = 67.23 MXN. 1800 NGN = 71.19 MXN. 1900 NGN = 75.14 MXN.

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2000 NGN = 79.09 MXN
2100 NGN = 83.05 MXN. 2200 NGN = 87.00 MXN. 2300 NGN = 90.96 MXN. 2400 NGN = 94.91 MXN. 2500 NGN = 98.87 MXN. 2600 NGN = 102.82 MXN. 2700 NGN = 106.78 MXN. 2800 NGN = 110.73 MXN. 2900 NGN = 114.69 MXN.

3000 NGN = 118.64 MXN
3100 NGN = 122.60 MXN. 3200 NGN = 126.55 MXN. 3300 NGN = 130.51 MXN. 3400 NGN = 134.46 MXN. 3500 NGN = 138.42 MXN. 3600 NGN = 142.37 MXN. 3700 NGN = 146.32 MXN. 3800 NGN = 150.28 MXN. 3900 NGN = 154.23 MXN.

4000 NGN = 158.19 MXN
4100 NGN = 162.14 MXN. 4200 NGN = 166.10 MXN. 4300 NGN = 170.05 MXN. 4400 NGN = 174.01 MXN. 4500 NGN = 177.96 MXN. 4600 NGN = 181.92 MXN. 4700 NGN = 185.87 MXN. 4800 NGN = 189.83 MXN. 4900 NGN = 193.78 MXN.

5000 NGN = 197.74 MXN
5100 NGN = 201.69 MXN. 5200 NGN = 205.65 MXN. 5300 NGN = 209.60 MXN. 5400 NGN = 213.56 MXN. 5500 NGN = 217.51 MXN. 5600 NGN = 221.46 MXN. 5700 NGN = 225.42 MXN. 5800 NGN = 229.37 MXN. 5900 NGN = 233.33 MXN.

6000 NGN = 237.28 MXN
6100 NGN = 241.24 MXN. 6200 NGN = 245.19 MXN. 6300 NGN = 249.15 MXN. 6400 NGN = 253.10 MXN. 6500 NGN = 257.06 MXN. 6600 NGN = 261.01 MXN. 6700 NGN = 264.97 MXN. 6800 NGN = 268.92 MXN. 6900 NGN = 272.88 MXN.

7000 NGN = 276.83 MXN
7100 NGN = 280.79 MXN. 7200 NGN = 284.74 MXN. 7300 NGN = 288.69 MXN. 7400 NGN = 292.65 MXN. 7500 NGN = 296.60 MXN. 7600 NGN = 300.56 MXN. 7700 NGN = 304.51 MXN. 7800 NGN = 308.47 MXN. 7900 NGN = 312.42 MXN.

8000 NGN = 316.38 MXN
8100 NGN = 320.33 MXN. 8200 NGN = 324.29 MXN. 8300 NGN = 328.24 MXN. 8400 NGN = 332.20 MXN. 8500 NGN = 336.15 MXN. 8600 NGN = 340.11 MXN. 8700 NGN = 344.06 MXN. 8800 NGN = 348.02 MXN. 8900 NGN = 351.97 MXN.

9000 NGN = 355.93 MXN
9100 NGN = 359.88 MXN. 9200 NGN = 363.83 MXN. 9300 NGN = 367.79 MXN. 9400 NGN = 371.74 MXN. 9500 NGN = 375.70 MXN. 9600 NGN = 379.65 MXN. 9700 NGN = 383.61 MXN. 9800 NGN = 387.56 MXN. 9900 NGN = 391.52 MXN.

10000 NGN = 395.47 MXN
11000 NGN = 435.02 MXN. 12000 NGN = 474.57 MXN. 13000 NGN = 514.11 MXN. 14000 NGN = 553.66 MXN. 15000 NGN = 593.21 MXN. 16000 NGN = 632.76 MXN. 17000 NGN = 672.30 MXN. 18000 NGN = 711.85 MXN. 19000 NGN = 751.40 MXN.

20000 NGN = 790.94 MXN
21000 NGN = 830.49 MXN. 22000 NGN = 870.04 MXN. 23000 NGN = 909.59 MXN. 24000 NGN = 949.13 MXN. 25000 NGN = 988.68 MXN. 26000 NGN = 1,028.23 MXN. 27000 NGN = 1,067.78 MXN. 28000 NGN = 1,107.32 MXN. 29000 NGN = 1,146.87 MXN.

30000 NGN = 1,186.42 MXN
31000 NGN = 1,225.96 MXN. 32000 NGN = 1,265.51 MXN. 33000 NGN = 1,305.06 MXN. 34000 NGN = 1,344.61 MXN. 35000 NGN = 1,384.15 MXN. 36000 NGN = 1,423.70 MXN. 37000 NGN = 1,463.25 MXN. 38000 NGN = 1,502.79 MXN. 39000 NGN = 1,542.34 MXN.

40000 NGN = 1,581.89 MXN
41000 NGN = 1,621.44 MXN. 42000 NGN = 1,660.98 MXN. 43000 NGN = 1,700.53 MXN. 44000 NGN = 1,740.08 MXN. 45000 NGN = 1,779.63 MXN. 46000 NGN = 1,819.17 MXN. 47000 NGN = 1,858.72 MXN. 48000 NGN = 1,898.27 MXN. 49000 NGN = 1,937.81 MXN.

50000 NGN = 1,977.36 MXN
51000 NGN = 2,016.91 MXN. 52000 NGN = 2,056.46 MXN. 53000 NGN = 2,096.00 MXN. 54000 NGN = 2,135.55 MXN. 55000 NGN = 2,175.10 MXN. 56000 NGN = 2,214.64 MXN. 57000 NGN = 2,254.19 MXN. 58000 NGN = 2,293.74 MXN. 59000 NGN = 2,333.29 MXN.

60000 NGN = 2,372.83 MXN
61000 NGN = 2,412.38 MXN. 62000 NGN = 2,451.93 MXN. 63000 NGN = 2,491.48 MXN. 64000 NGN = 2,531.02 MXN. 65000 NGN = 2,570.57 MXN. 66000 NGN = 2,610.12 MXN. 67000 NGN = 2,649.66 MXN. 68000 NGN = 2,689.21 MXN. 69000 NGN = 2,728.76 MXN.

70000 NGN = 2,768.31 MXN
71000 NGN = 2,807.85 MXN. 72000 NGN = 2,847.40 MXN. 73000 NGN = 2,886.95 MXN. 74000 NGN = 2,926.49 MXN. 75000 NGN = 2,966.04 MXN. 76000 NGN = 3,005.59 MXN. 77000 NGN = 3,045.14 MXN. 78000 NGN = 3,084.68 MXN. 79000 NGN = 3,124.23 MXN.

80000 NGN = 3,163.78 MXN
81000 NGN = 3,203.33 MXN. 82000 NGN = 3,242.87 MXN. 83000 NGN = 3,282.42 MXN. 84000 NGN = 3,321.97 MXN. 85000 NGN = 3,361.51 MXN. 86000 NGN = 3,401.06 MXN. 87000 NGN = 3,440.61 MXN. 88000 NGN = 3,480.16 MXN. 89000 NGN = 3,519.70 MXN.

90000 NGN = 3,559.25 MXN
91000 NGN = 3,598.80 MXN. 92000 NGN = 3,638.34 MXN. 93000 NGN = 3,677.89 MXN. 94000 NGN = 3,717.44 MXN. 95000 NGN = 3,756.99 MXN. 96000 NGN = 3,796.53 MXN. 97000 NGN = 3,836.08 MXN. 98000 NGN = 3,875.63 MXN. 99000 NGN = 3,915.18 MXN.

100000 NGN = 3,954.72 MXN
110000 NGN = 4,350.19 MXN. 120000 NGN = 4,745.67 MXN. 130000 NGN = 5,141.14 MXN. 140000 NGN = 5,536.61 MXN. 150000 NGN = 5,932.08 MXN. 160000 NGN = 6,327.56 MXN. 170000 NGN = 6,723.03 MXN. 180000 NGN = 7,118.50 MXN. 190000 NGN = 7,513.97 MXN.

200000 NGN = 7,909.44 MXN
210000 NGN = 8,304.92 MXN. 220000 NGN = 8,700.39 MXN. 230000 NGN = 9,095.86 MXN. 240000 NGN = 9,491.33 MXN. 250000 NGN = 9,886.81 MXN. 260000 NGN = 10,282.28 MXN. 270000 NGN = 10,677.75 MXN. 280000 NGN = 11,073.22 MXN. 290000 NGN = 11,468.69 MXN.

300000 NGN = 11,864.17 MXN
310000 NGN = 12,259.64 MXN. 320000 NGN = 12,655.11 MXN. 330000 NGN = 13,050.58 MXN. 340000 NGN = 13,446.06 MXN. 350000 NGN = 13,841.53 MXN. 360000 NGN = 14,237.00 MXN. 370000 NGN = 14,632.47 MXN. 380000 NGN = 15,027.95 MXN. 390000 NGN = 15,423.42 MXN.

400000 NGN = 15,818.89 MXN
410000 NGN = 16,214.36 MXN. 420000 NGN = 16,609.83 MXN. 430000 NGN = 17,005.31 MXN. 440000 NGN = 17,400.78 MXN. 450000 NGN = 17,796.25 MXN. 460000 NGN = 18,191.72 MXN. 470000 NGN = 18,587.20 MXN. 480000 NGN = 18,982.67 MXN. 490000 NGN = 19,378.14 MXN.

500000 NGN = 19,773.61 MXN
510000 NGN = 20,169.08 MXN. 520000 NGN = 20,564.56 MXN. 530000 NGN = 20,960.03 MXN. 540000 NGN = 21,355.50 MXN. 550000 NGN = 21,750.97 MXN. 560000 NGN = 22,146.45 MXN. 570000 NGN = 22,541.92 MXN. 580000 NGN = 22,937.39 MXN. 590000 NGN = 23,332.86 MXN.

600000 NGN = 23,728.33 MXN
610000 NGN = 24,123.81 MXN. 620000 NGN = 24,519.28 MXN. 630000 NGN = 24,914.75 MXN. 640000 NGN = 25,310.22 MXN. 650000 NGN = 25,705.70 MXN. 660000 NGN = 26,101.17 MXN. 670000 NGN = 26,496.64 MXN. 680000 NGN = 26,892.11 MXN. 690000 NGN = 27,287.58 MXN.

700000 NGN = 27,683.06 MXN
710000 NGN = 28,078.53 MXN. 720000 NGN = 28,474.00 MXN. 730000 NGN = 28,869.47 MXN. 740000 NGN = 29,264.95 MXN. 750000 NGN = 29,660.42 MXN. 760000 NGN = 30,055.89 MXN. 770000 NGN = 30,451.36 MXN. 780000 NGN = 30,846.83 MXN. 790000 NGN = 31,242.31 MXN.

800000 NGN = 31,637.78 MXN
810000 NGN = 32,033.25 MXN. 820000 NGN = 32,428.72 MXN. 830000 NGN = 32,824.20 MXN. 840000 NGN = 33,219.67 MXN. 850000 NGN = 33,615.14 MXN. 860000 NGN = 34,010.61 MXN. 870000 NGN = 34,406.08 MXN. 880000 NGN = 34,801.56 MXN. 890000 NGN = 35,197.03 MXN.

900000 NGN = 35,592.50 MXN
910000 NGN = 35,987.97 MXN. 920000 NGN = 36,383.45 MXN. 930000 NGN = 36,778.92 MXN. 940000 NGN = 37,174.39 MXN. 950000 NGN = 37,569.86 MXN. 960000 NGN = 37,965.34 MXN. 970000 NGN = 38,360.81 MXN. 980000 NGN = 38,756.28 MXN. 990000 NGN = 39,151.75 MXN.

1000000 NGN = 39,547.22 MXN
1010000 NGN = 39,942.70 MXN. 1020000 NGN = 40,338.17 MXN. 1030000 NGN = 40,733.64 MXN. 1040000 NGN = 41,129.11 MXN. 1050000 NGN = 41,524.59 MXN. 1060000 NGN = 41,920.06 MXN. 1070000 NGN = 42,315.53 MXN. 1080000 NGN = 42,711.00 MXN. 1090000 NGN = 43,106.47 MXN.

1100000 NGN = 43,501.95 MXN
1110000 NGN = 43,897.42 MXN. 1120000 NGN = 44,292.89 MXN. 1130000 NGN = 44,688.36 MXN. 1140000 NGN = 45,083.84 MXN. 1150000 NGN = 45,479.31 MXN. 1160000 NGN = 45,874.78 MXN. 1170000 NGN = 46,270.25 MXN. 1180000 NGN = 46,665.72 MXN. 1190000 NGN = 47,061.20 MXN.

1200000 NGN = 47,456.67 MXN
1210000 NGN = 47,852.14 MXN. 1220000 NGN = 48,247.61 MXN. 1230000 NGN = 48,643.09 MXN. 1240000 NGN = 49,038.56 MXN. 1250000 NGN = 49,434.03 MXN. 1260000 NGN = 49,829.50 MXN. 1270000 NGN = 50,224.97 MXN. 1280000 NGN = 50,620.45 MXN. 1290000 NGN = 51,015.92 MXN.

1300000 NGN = 51,411.39 MXN
1310000 NGN = 51,806.86 MXN. 1320000 NGN = 52,202.34 MXN. 1330000 NGN = 52,597.81 MXN. 1340000 NGN = 52,993.28 MXN. 1350000 NGN = 53,388.75 MXN. 1360000 NGN = 53,784.22 MXN. 1370000 NGN = 54,179.70 MXN. 1380000 NGN = 54,575.17 MXN. 1390000 NGN = 54,970.64 MXN.

1400000 NGN = 55,366.11 MXN
1410000 NGN = 55,761.59 MXN. 1420000 NGN = 56,157.06 MXN. 1430000 NGN = 56,552.53 MXN. 1440000 NGN = 56,948.00 MXN. 1450000 NGN = 57,343.47 MXN. 1460000 NGN = 57,738.95 MXN. 1470000 NGN = 58,134.42 MXN. 1480000 NGN = 58,529.89 MXN. 1490000 NGN = 58,925.36 MXN.

1500000 NGN = 59,320.84 MXN

Why are exchange rates changing?

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.

But the demand and supply of the world's currencies are influenced by many other factors.

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.

Changing inflation rates

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.

Different political climates

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.

Changes in interest rates

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.

Exports and imports

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.

Domestic and international debt

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.

Health risks, epidemics, and public fear

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.

Productivity is hugely impacted.

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.

The takeaway

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.

Live NGN To MXN Rate

Some amounts at the snapped NGN to MXN exchange rate: