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Reflecto USD to Nigerian Naira Converter and calculator

Convert 1Reflecto USD (RUSD) to Nigerian Naira (NGN) equals ₦ 1,331.16 | Bitget
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Last updated as of 2025/03/09 23:03:32 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Reflecto USD(RUSD) to Nigerian Naira(NGN). This is the real-time data. The current conversion shows 1 RUSD at a value of 1 RUSD for 1,331.16 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.

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

RUSD to NGN conversion rate trend

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Live Reflecto USD (RUSD) price chart
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In the past 1D, Reflecto USD has changed -7.23% to NGN. Based on the trend and price charts, Reflecto USD(RUSD) has changed -7.23% to NGN while Nigerian Naira(NGN) has changed +7.79% to RUSD in the last 24 hours.

How to convert RUSD to NGN

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Convert RUSD to NGN
Use a variety of payment options to buy Reflecto USD on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of RUSD with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy RUSD with USDT via Bitget spot market.
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Sell RUSD (or USDT) for NGN (Nigerian Naira) offers

Bitget P2P trading currently does not support direct selling of RUSD to NGN. However, you can first exchange RUSD for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
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What factors influence the conversion rate of RUSD to NGN?

Reflecto USD to Nigerian Naira is falling this week.
Reflecto USD's current market price is ₦ 1,331.16 per RUSD, with a total market cap of ₦ 0 NGN based on a circulating supply of -- RUSD. The trading volume of Reflecto USD has changed by 0.00% (₦ 0 NGN) in the last 24 hours. Last trading day, RUSD's trading volume was ₦ 217,323.44.
RUSD market cap
$0
RUSD 24h volume
$143.48593599
RUSD circulating supply
0 RUSD

RUSD to NGN Conversion tables

The exchange rate of Reflecto USD is decreasing.
1 RUSD is currently valued at ₦ 1,331.16 NGN , which means buying 5 RUSD will cost ₦ 6,655.8 NGN . Similarly, ₦1 NGN can be traded for 0.0007512 RUSD, and ₦50 NGN can be converted to 0.03756 RUSD, excluding any platform or gas fees.
The exchange rate of 1 RUSD to Nigerian Naira has changed by -7.29% in the last 7 days. In the last 24 hours, the rate has fluctuated by -7.23%, reaching a high of 1,434.85 NGN and a low of 1,321.41 NGN . One month ago, the value of 1 RUSD was ₦ 1,406.9 NGN , which represents a -5.38% change from its current value. Over the last year, Reflecto USD has changed by
-
369.08NGN
, resulting in a change of -21.71% in its value.

RUSD to NGN

Amount
23:03 today
0.5 RUSD
665.58
1 RUSD
1,331.16
5 RUSD
6,655.8
10 RUSD
13,311.6
50 RUSD
66,558.02
100 RUSD
133,116.04
500 RUSD
665,580.18
1000 RUSD
1,331,160.36

NGN to RUSD

Amount23:03 today
0.5NGN0.0003756  RUSD
1NGN0.0007512  RUSD
5NGN0.003756  RUSD
10NGN0.007512  RUSD
50NGN0.03756  RUSD
100NGN0.07512  RUSD
500NGN0.3756  RUSD
1000NGN0.7512  RUSD

RUSD to NGN Today vs. 24 hours ago

Amount23:03 today24 hours ago24h change
0.5 RUSD$0.4394$0.4737
-7.23%
1 RUSD$0.8789$0.9473
-7.23%
5 RUSD$4.39$4.74
-7.23%
10 RUSD$8.79$9.47
-7.23%
50 RUSD$43.94$47.37
-7.23%
100 RUSD$87.89$94.73
-7.23%
500 RUSD$439.44$473.67
-7.23%
1000 RUSD$878.89$947.34
-7.23%

RUSD to NGN Today vs. 1 month ago

Amount23:03 today1 month ago1M change
0.5 RUSD$0.4394$0.4644
-5.38%
1 RUSD$0.8789$0.9289
-5.38%
5 RUSD$4.39$4.64
-5.38%
10 RUSD$8.79$9.29
-5.38%
50 RUSD$43.94$46.44
-5.38%
100 RUSD$87.89$92.89
-5.38%
500 RUSD$439.44$464.45
-5.38%
1000 RUSD$878.89$928.89
-5.38%

RUSD to NGN Today vs. 1 year ago

Amount23:03 today1 year ago1Y change
0.5 RUSD$0.4394$0.5613
-21.71%
1 RUSD$0.8789$1.12
-21.71%
5 RUSD$4.39$5.61
-21.71%
10 RUSD$8.79$11.23
-21.71%
50 RUSD$43.94$56.13
-21.71%
100 RUSD$87.89$112.26
-21.71%
500 RUSD$439.44$561.29
-21.71%
1000 RUSD$878.89$1,122.57
-21.71%

Reflecto USD price prediction

What will the price of RUSD be in 2026?

Based on RUSD's historical price performance prediction model, the price of RUSD is projected to reach $0.9977 in 2026.

What will the price of RUSD be in 2031?

In 2031, the RUSD price is expected to change by +9.00%. By the end of 2031, the RUSD price is projected to reach $1.42, with a cumulative ROI of +49.78%.

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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.