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PAAL AI to Nigerian Naira Converter and calculator

Convert 1PAAL AI (PAAL) to Nigerian Naira (NGN) equals ₦ 352.21 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of PAAL AI(PAAL) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 PAAL at a value of 1 PAAL for 352.21 NGN . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

NGN information

About the Nigerian Naira (NGN)

What Is the Nigerian Naira (NGN)?

The Nigerian Naira is the official currency of Nigeria, a country in West Africa. The Naira is symbolized by ₦ and has the currency code NGN. One Naira is divided into 100 Kobo. As Africa's largest economy, Nigerian Naira plays a crucial role both domestically and in the African financial landscape. The Nigerian Naira is the sole legal tender in Nigeria, and it is used for all transactions within the country.

The Nigerian Naira is issued by the Central Bank of Nigeria (CBN), which is the sole issuer of legal tender money throughout the Federal Republic of Nigeria. The CBN is responsible for the design, production, and distribution of the currency, as well as for implementing monetary policy and maintaining the value of the Naira.

What Is the History of NGN?

The Nigerian Naira, introduced on January 1, 1973, marked a significant milestone in Nigeria's economic history, replacing the Nigerian pound at a rate of 2 Naira for 1 pound. This transition signified Nigeria's shift from the British pound sterling to a distinct and independent decimal currency system. The name 'Naira' was derived from 'Nigeria', symbolizing the nation's sovereignty in monetary matters. The initial series of banknotes and coins were the first to be issued by an independent Nigeria, with the coins being the last to feature Queen Elizabeth II, reflecting the country's colonial history.

Notes and Coins of NGN

The Nigerian Naira (NGN) comprises a variety of coins and banknotes, each with distinct values and designs. Coins in circulation include denominations of 50 Kobo, 1 Naira, and 2 Naira. Banknotes are issued in denominations of ₦5, ₦10, ₦20, ₦50, ₦100, ₦200, ₦500, and ₦1000.

What Is eNaira?

The eNaira is the first African central bank digital currency (CBDC). Launched on October 25, 2021, by President Muhammadu Buhari, the eNaira is issued and regulated by the Central Bank of Nigeria (CBN). It operates as a legal tender, just like physical Naira, but in a digital form, maintaining a one-to-one value with the traditional Naira. The eNaira aims to enhance financial inclusion, improve payment efficiency, and facilitate seamless cross-border transactions. It operates on a blockchain network, allowing peer-to-peer transactions without intermediaries, distinguishing itself from decentralized cryptocurrencies like Bitcoin by running on a private blockchain controlled by the CBN. Users access the eNaira through digital wallets, with transactions promising speed, reduced costs, and increased convenience.

Is NGN Pegged to GBP?

No, the Nigerian Naira (NGN) is not pegged to the British Pound Sterling (GBP). The Naira operates on a floating exchange rate system, where its value is determined by market forces based on supply and demand in the foreign exchange market.

Historically, Nigeria used the British Pound Sterling during its time as a British colony and for some years after gaining independence. However, in 1973, Nigeria introduced the Naira to replace the Pound Sterling and established its own monetary system. Since then, the Naira has not been pegged to the Pound Sterling or any other foreign currency but has been subject to fluctuations in the international currency markets.

Is NGN a Stable Currency?

The Nigerian Naira (NGN) has historically faced challenges regarding stability. The Naira had been experiencing significant fluctuations, largely due to factors such as political instability, economic challenges, and fluctuations in oil prices, which is a major revenue source for Nigeria. For instance, in 2021, the official exchange rate of the Naira to the US Dollar was around 380 NGN to 1 USD, while the parallel market rate was much higher, around 475 NGN to 1 USD. In June 2023, the Naira fell 23% in a day to a rate of ₦600 to US$1. This discrepancy indicates ongoing challenges in achieving currency stability.

Show more
Bitget crypto-to-fiat exchange data shows that the most popular PAAL AI currency pair is the PAAL to NGN, with for PAAL AI's currency code being PAAL. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

PAAL to NGN conversion rate trend

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In the past 1D, PAAL AI has changed -3.45% to NGN. Based on the trend and price charts, PAAL AI(PAAL) has changed -3.45% to NGN while Nigerian Naira(NGN) has changed % to PAAL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
₦352.21
0.0200% / 0.0320%vip-iconVIP 7
Huobi
₦355.72
0.1000% / 0.1000%
Yes
Gate.io
₦351.36
0.1000% / 0.1000%
Yes
Last updated 2024/06/30 11:00:14(UTC+0)

How to buy PAAL AI

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Buy PAAL AI (PAAL)
Use a variety of payment options to buy PAAL AI on Bitget. We'll show you how.

Buy PAAL (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading does not currently support direct buying of PAAL with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy PAAL with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
T
Timmy_AsapVerified Merchant
5607 tradesCompletion rate 100.00%
1485 NGN
Amount5 USDT
Limit1500 - 1500 NGN
Bank Transfer
Buy
T
TheBullTraderVerified Merchant
1233 tradesCompletion rate 94.00%
1488.88 NGN
Amount35.02 USDT
Limit15000 - 22300 NGN
Bank Transfer
Buy
A
ALEDXCHANGEGolden merchantVerified Merchant
1750 tradesCompletion rate 97.00%
1499.5 NGN
Amount68.21 USDT
Limit1200 - 102280 NGN
Bank Transfer
Buy
N
NajbestVerified Merchant
355 tradesCompletion rate 99.00%
1499.5 NGN
Amount9.81 USDT
Limit5000 - 73700.42 NGN
Bank Transfer
Buy
A
Almustapha sulaimanVerified Merchant
106 tradesCompletion rate 95.00%
1499.5 NGN
Amount10.72 USDT
Limit3000 - 190076.62 NGN
Bank Transfer
Buy

Sell PAAL (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading currently does not support direct selling of PAAL to NGN. However, you can first exchange PAAL for USDT in the Bitget spot market, and then sell USDT to NGN in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
L
Larryb67 Verified Merchant
82 tradesCompletion rate 58.00%
1504 NGN
Amount950 USDT
Limit75000 - 400000 NGN
Bank Transfer
Sell
L
Larryb67 Verified Merchant
82 tradesCompletion rate 58.00%
1503 NGN
Amount163.76 USDT
Limit70000 - 500000 NGN
Bank Transfer
Sell
L
Larryb67 Verified Merchant
82 tradesCompletion rate 58.00%
1503 NGN
Amount850 USDT
Limit70000 - 500000 NGN
Bank Transfer
Sell
t
techsolutionVerified Merchant
0 tradesCompletion rate 0.00%
1502.5 NGN
Amount100000 USDT
Limit3000000 - 75000000 NGN
Bank Transfer
Sell
i
iPay_fastVerified Merchant
26 tradesCompletion rate 96.00%
1500.15 NGN
Amount100000 USDT
Limit1000000 - 75000000 NGN
Bank Transfer
Sell

What factors influence the conversion rate of PAAL AI to Nigerian Naira?

PAAL AI to Nigerian Naira is falling this week.
PAAL AI's current market price is ₦ 352.21 per PAAL, with a total market cap of ₦ 288,296,863,760.77 NGN based on a circulating supply of 818,528,060 PAAL. The trading volume of PAAL AI has changed by -18.20% (₦ -932,239,154.72 NGN) in the last 24 hours. Last trading day, PAAL's trading volume was ₦ 5,120,814,476.99.
Market cap
$205.05M
24h volume
$2.98M
Circulating supply
818.53M PAAL

Conversion tables

The exchange rate of PAAL AI is decreasing.
1 PAAL is currently valued at ₦ 352.21 NGN , which means buying 5 PAAL will cost ₦ 1,761.07 NGN . Similarly, ₦1 NGN can be traded for 0.002839 PAAL, and ₦50 NGN can be converted to 0.1420 PAAL, excluding any platform or gas fees.
The exchange rate of 1 PAAL to Nigerian Naira has changed by -5.24% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.45%, reaching a high of 372.99 NGN and a low of 338.55 NGN . One month ago, the value of 1 PAAL was ₦ 502.92 NGN , which represents a -30.04% change from its current value. Over the last year, PAAL AI has changed by
+
348.89NGN
, resulting in a change of +17213.70% in its value.

PAAL to NGN

Amount
11:00 am today
0.5 PAAL
176.11
1 PAAL
352.21
5 PAAL
1,761.07
10 PAAL
3,522.14
50 PAAL
17,610.69
100 PAAL
35,221.38
500 PAAL
176,106.88
1000 PAAL
352,213.76

NGN to PAAL

Amount11:00 am today
0.5NGN0.001420  PAAL
1NGN0.002839  PAAL
5NGN0.01420  PAAL
10NGN0.02839  PAAL
50NGN0.1420  PAAL
100NGN0.2839  PAAL
500NGN1.42  PAAL
1000NGN2.84  PAAL
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Today vs. 24 hours ago

Amount11:00 am today24 hours ago24h change
0.5 PAAL$0.1253$0.1297
-3.45%
1 PAAL$0.2505$0.2594
-3.45%
5 PAAL$1.25$1.3
-3.45%
10 PAAL$2.51$2.59
-3.45%
50 PAAL$12.53$12.97
-3.45%
100 PAAL$25.05$25.94
-3.45%
500 PAAL$125.25$129.71
-3.45%
1000 PAAL$250.51$259.43
-3.45%

Today vs. 1 month ago

Amount11:00 am today1 month ago1M change
0.5 PAAL$0.1253$0.1788
-30.04%
1 PAAL$0.2505$0.3577
-30.04%
5 PAAL$1.25$1.79
-30.04%
10 PAAL$2.51$3.58
-30.04%
50 PAAL$12.53$17.88
-30.04%
100 PAAL$25.05$35.77
-30.04%
500 PAAL$125.25$178.85
-30.04%
1000 PAAL$250.51$357.69
-30.04%
Buy PAAL AI for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy PAAL AI now

Today vs. 1 year ago

Amount11:00 am today1 year ago1Y change
0.5 PAAL$0.1253$0.001181
+17213.70%
1 PAAL$0.2505$0.002362
+17213.70%
5 PAAL$1.25$0.01181
+17213.70%
10 PAAL$2.51$0.02362
+17213.70%
50 PAAL$12.53$0.1181
+17213.70%
100 PAAL$25.05$0.2362
+17213.70%
500 PAAL$125.25$1.18
+17213.70%
1000 PAAL$250.51$2.36
+17213.70%

PAAL AI price prediction

What will the price of PAAL be in 2025?

Based on PAAL's historical price performance prediction model, the price of PAAL is projected to reach $0.2575 in 2025.

What will the price of PAAL be in 2030?

In 2030, the PAAL price is expected to rise by -6.00%. By the end of 2030, the PAAL price is projected to reach $0.4193, with a cumulative ROI of +67.38%.
Buy PAAL AI for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
Buy PAAL AI now

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Buy PAAL AI for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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Buy PAAL AI for 1 NGN
A welcome pack worth 1000 USDT for new Bitgetters!
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between PAAL AI and NGN.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as PAAL AI and NGN. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of PAAL AI in NGN, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

Buy PAAL AI for 1 NGN

A welcome pack worth 1000 USDT for new Bitgetters!

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.