Convert 550000 Nigerian Naira (NGN) to Australian Dollar (AUD)
Exchange rates used for currency conversion updated on December 11th 2024 ( 12/11/2024 )
Below you will find the latest exchange rates for exchanging Nigerian Naira (NGN) to Australian Dollar (AUD) , a table containing most common conversions and a chart with the pair's evolution.
The Nigerian Naira (NGN) to Australian Dollar (AUD) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Nigerian Naira and Australian Dollar on 12/11/2024 is 1 NGN = 0.001 AUD - AVERAGE intraday quotes were used for this currency conversion.
Convert 550000 NGN / 550000 AUD to major currencies
Nigeria is a country in Africa that borders the Gulf of Guinea on the Atlantic Ocean. The naira is the official currency of the country and is divided into 100 kobo. Denominations of the naira include N5, N10, N20, N50, N100, N200 and N500. Most banks do not offer currency exchange so visitors must find moneychangers in order to convert foreign currency into naira.
About Australian Dollar (AUD)
The Australian dollar (AUD) is the official currency of the Commonwealth of Australia as well as 7 territories and 3 surrounding countries. The AUD is symbolized with the "$" symbol and each dollar is subdivided into 100 cents. The coins are issued in 5¢, 10¢, 20¢, 50¢ , $1, $2 increments and the banknotes are printed in $5, $10, $20, $50, $100 denominations. The AUD is the fifth most traded currency in worldwide currency markets.
Unique attributes of the AUD are that the banknotes are printed on polymer as opposed to paper which is the traditional stock for currency banknotes. This polymer is more durable and allows for more advance security features than does its paper counterpart. The AUD banknotes are also printed in different lengths in order to make denomination differentiation easier.
