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blog.html
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<!DOCTYPE html>
<html dir="ltr" class="uk-notouch" lang="en-gb"><head>
<!--<script src="js/console.js"></script>-->
<meta http-equiv="content-type" content="text/html; charset=UTF-8">
<meta charset="utf-8">
<meta name="viewport" content="width=device-width, initial-scale=1">
<meta name="keywords" content="Official Blog">
<meta name="description" content="Here we will share up-to-date information about the company, current trends regarding the Nigerian Naira, Foreign exchange, various popular currencies including the Pounds Sterling, United States Dollars and Canadian dollars and hot takes on the opportunities in currency exchange.">
<meta property="og:locale" content="en_NG">
<meta property="og:type" content="website">
<meta property="og:title" content="Official blog">
<meta property="og:description" content="On this page, we will share up to date information about the company, current trends regarding the Nigerian Naira, Foreign exchange, various popular currencies including the Pounds Sterling, United States Dollars and Canadian dollars and hot takes on the opportunities in currency exchange.">
<meta property="og:url" content="https://www.naijacurrencyconverter.com.ng">
<meta property="og:site_name" content="naijacurrencyconverter">
<title>Official Blog - NaijaCurrency </title>
<link rel="stylesheet" href="https://cdn.jsdelivr.net/npm/@fortawesome/[email protected]/css/all.min.css" rel="stylesheet">
<!-- UIkit CSS -->
<link rel="stylesheet" href="https://cdn.jsdelivr.net/npm/[email protected]/dist/css/uikit.min.css" />
<link rel="stylesheet" href="css/docs.css">
<link rel="stylesheet" href="css/highlight.css">
<link rel="stylesheet" href="css/custom.css">
<link rel="shortcut icon" type="img/x-icon" href="img/favicon.ico">
<!-- Custom Styles -->
<style>
.uk-navbar-container {
background-color: #000; /* Dark black background */
}
.uk-navbar-nav > li > a,
.uk-navbar-toggle,
.uk-offcanvas-bar {
color: #fff; /* White text color for menu items */
}
.uk-offcanvas-bar {
background-color: #000; /* Black background for the off-canvas menu */
}
.uk-navbar-toggle-icon, .uk-navbar-toggle span {
color: #fff; /* White toggle icon for mobile menu */
}
</style>
</head>
<body class="tm-background">
<nav class="tm-navbar uk-navbar uk-navbar-attached">
<!-- <nav class="uk-navbar-container" uk-navbar>-->
<div class="uk-navbar-left">
<!-- Branding or Logo -->
<div id="tmenuu">
</div>
</nav>
<div class="contentd">
<div class="rowa">
<div class="columna lefta">
<h1 style="font-weight:bold; font-size:25px">Official Blog </h1>
<div class="uk-container uk-container-center uk-text-center">
<div>
<p> Here we will share up to date information about the company, current trends regarding the Nigerian Naira, Foreign exchange, various popular currencies including the Pounds Sterling, United States Dollars and Canadian dollars and hot takes on the opportunities in currency exchange.</p>
</div>
<hr>
<div class="uk-width-medium-3-3">
<div class="uk-panel">
<img class="tm-image-pull" src="img/naira-to-pounds-featured-image.webp" alt="naira-to-pounds" style="margin-bottom:2px" width="200" height="140">
<h3 class="uk-margin-top-remove"><a href="blog/naira-to-pounds-black-market.html">Naira to Pounds - How to Buy Pounds Sterling (GBP) lower than Black market in Nigeria</a></h3>
</div>
</div>
<hr>
<div class="uk-width-medium-3-3">
<div class="uk-panel">
<img class="tm-image-pull" src="img/speedway-gift-card.jpeg" alt="speedway gift card" style="margin-bottom:2px" width="200" height="140">
<h3 class="uk-margin-top-remove"><a href="blog/speedway-gift-card.html">Everything You Need to Know About the Speedway Gift Card</a></h3>
</div>
</div>
<hr>
<div class="uk-width-medium-3-3">
<div class="uk-panel">
<img class="tm-image-pull" src="img/cvs-pharmacy-gift-card.webp" alt="cvs pharmacy gift card" style="margin-bottom:2px" width="200" height="140">
<h3 class="uk-margin-top-remove"><a href="blog/cvs-pharmacy-gift-card.html">Complete Guide to CVS Pharmacy Gift Cards: Buying, Selling, and Using in Nigeria</a></h3>
</div>
</div>
<hr>
<div class="uk-width-medium-3-3">
<div class="uk-panel">
<img class="tm-image-pull" src="img/funny-money-videos.webp" alt="funny money videos" style="margin-bottom:2px" width="200" height="140">
<h3 class="uk-margin-top-remove"><a href="blog/funny-money-videos.html">Funny Money Videos</a></h3>
</div>
</div>
<hr>
</div>
<div class="spacer"></div>
<div class="uk-card">
<h2 class="uk-margin-top-remove"><strong>What is a Currency exchange rate?</strong></h2>
<p class="uk-text-large">This is the value of one currency when compared to another currency. You can say that the value of 1 USD in Naira is its exchange rate to the Naira. This rate varies from currency to currency and changes regularly due to certain conditions</p>
<h2 class="uk-margin-top-remove"><strong>What can cause exchange rates to change?</strong></h2>
<p class="uk-text-large">Other than the Central bank just changing the rate, other things cause this rate to change. Things like an increase in or decrease in Oil prices (in the case of Nigeria) and insecurity can also have a significant impact on the exchange rate. There are other factors like increased government borrowing and inflation.</p>
<h2 class="uk-margin-top-remove"><strong>Who sets exchange rates?</strong></h2>
<p class="uk-text-large">The central bank of a country will usually set the exchange rate regime for the country. In the case of Nigeria, the Central bank of Nigeria has set the exchange rates of major currencies in a range and then try to ensure the rate stays within that window by making fiscal policies or increasing spending.</p><p class="uk-text-large"> E.g. If the CBN intends to reduce the value of the Naira to the USD, it will do things that cause USD to be scarce in the country hence, USD will become more difficult to obtain and this will reduce the value of the Naira and increase the cost to obtain the USD. A good example is the ban on Bureau de Change operators in Nigeria which led to the increase of the USD exchange rate from N380 to N570 to 1 USD within 3 months. </p>
</div>
</div>
<div class="columna righta contentd qcbox">
<h2 class="" id="qc">Use these <strong>Quick Currency Calculators</strong></h2>
<div id="qccc">
<!--
<ul class="uk-grid custom-body" data-uk-grid-margin>
<li class="uk-width lwidht"><a href="convert-naira-to-dollar.html">Convert naira to dollar</a></li>
<li class="uk-width lwidht"><a href="3000-dollars-to-naira.html">convert 3000 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="30000-dollars-to-naira.html">30000 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="convert-500-dollars-to-naira.html">3000 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="50-dollars-to-naira.html">50 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="3000-dollars-to-naira.html">3000 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="convert-2000-dollars-to-naira.html">Convert 2000 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="3000-dollars-to-naira.html">3000 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="canadian-dollar-to-naira.html">canadian dollar to naira</a></li>
<li class="uk-width lwidht"><a href="convert-200-dollars-to-naira.html">Convert 200 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="1-euro-to-naira.html">1 euro to naira</a></li>
<li class="uk-width lwidht"><a href="300000-dollars-to-naira.html">300000 dollars to naira</a></li>
<li class="uk-width lwidht"><a href="convert-btc-to-usd.html">Convert btc to usd</a></li>
<li class="uk-width lwidht"><a href="30000-naira-to-USD.html">30000 naira to USD</a></li>
</ul>-->
</div>
<div class="spacer"></div>
<div class="uk-card uk-card-primary uk-card-body currbox">
<h2>Convert other currencies</h2>
<p class="uk-text-large uk-animation-slide-right">Use our free currency conversion calculator to convert to other currencies and see exchange rates in real-time <br class="uk-hidden-small"> Just input the currencies below to start</p>
<form class="uk-form" onsubmit="if (!window.__cfRLUnblockHandlers) return false; return false" data-cf-modified-cd4150dfec9d76a181b14f97-="">
<fieldset>
<div class="uk-form-row">
<H2>Convert from...</H2>
</div>
<div class="uk-form-row">
<select id="bcurrency">
<option>Select Currency</option>
<option value="AED">AED</option>
<option value="AFN">AFN</option>
<option value="ALL">ALL</option>
<option value="AMD">AMD</option>
<option value="ANG">ANG</option>
<option value="AOA">AOA</option>
<option value="ARS">ARS</option>
<option value="AUD">AUD</option>
<option value="AWG">AWG</option>
<option value="AZN">AZN</option>
<option value="BAM">BAM</option>
<option value="BBD">BBD</option>
<option value="BDT">BDT</option>
<option value="BGN">BGN</option>
<option value="BHD">BHD</option>
<option value="BIF">BIF</option>
<option value="BMD">BMD</option>
<option value="BND">BND</option>
<option value="BOB">BOB</option>
<option value="BRL">BRL</option>
<option value="BSD">BSD</option>
<option value="BTC">BTC</option>
<option value="BTN">BTN</option>
<option value="BWP">BWP</option>
<option value="BYN">BYN</option>
<option value="BZD">BZD</option>
<option value="CAD">CAD</option>
<option value="CDF">CDF</option>
<option value="CHF">CHF</option>
<option value="CLF">CLF</option>
<option value="CLP">CLP</option>
<option value="CNH">CNH</option>
<option value="CNY">CNY</option>
<option value="COP">COP</option>
<option value="CRC">CRC</option>
<option value="CUC">CUC</option>
<option value="CUP">CUP</option>
<option value="CVE">CVE</option>
<option value="CZK">CZK</option>
<option value="DJF">DJF</option>
<option value="DKK">DKK</option>
<option value="DOP">DOP</option>
<option value="DZD">DZD</option>
<option value="EGP">EGP</option>
<option value="ERN">ERN</option>
<option value="ETB">ETB</option>
<option value="EUR">EUR</option>
<option value="FJD">FJD</option>
<option value="FKP">FKP</option>
<option value="GBP">GBP</option>
<option value="GEL">GEL</option>
<option value="GGP">GGP</option>
<option value="GHS">GHS</option>
<option value="GIP">GIP</option>
<option value="GMD">GMD</option>
<option value="GNF">GNF</option>
<option value="GTQ">GTQ</option>
<option value="GYD">GYD</option>
<option value="HKD">HKD</option>
<option value="HNL">HNL</option>
<option value="HRK">HRK</option>
<option value="HTG">HTG</option>
<option value="HUF">HUF</option>
<option value="IDR">IDR</option>
<option value="ILS">ILS</option>
<option value="IMP">IMP</option>
<option value="INR">INR</option>
<option value="IQD">IQD</option>
<option value="IRR">IRR</option>
<option value="ISK">ISK</option>
<option value="JEP">JEP</option>
<option value="JMD">JMD</option>
<option value="JOD">JOD</option>
<option value="JPY">JPY</option>
<option value="KES">KES</option>
<option value="KGS">KGS</option>
<option value="KHR">KHR</option>
<option value="KMF">KMF</option>
<option value="KPW">KPW</option>
<option value="KRW">KRW</option>
<option value="KWD">KWD</option>
<option value="KYD">KYD</option>
<option value="KZT">KZT</option>
<option value="LAK">LAK</option>
<option value="LBP">LBP</option>
<option value="LKR">LKR</option>
<option value="LRD">LRD</option>
<option value="LSL">LSL</option>
<option value="LYD">LYD</option>
<option value="MAD">MAD</option>
<option value="MDL">MDL</option>
<option value="MGA">MGA</option>
<option value="MKD">MKD</option>
<option value="MMK">MMK</option>
<option value="MNT">MNT</option>
<option value="MOP">MOP</option>
<option value="MRO">MRO</option>
<option value="MRU">MRU</option>
<option value="MUR">MUR</option>
<option value="MVR">MVR</option>
<option value="MWK">MWK</option>
<option value="MXN">MXM</option>
<option value="MYR">MYR</option>
<option value="MZN">MZN</option>
<option value="NAD">NAD</option>
<option value="NGN">NGN</option>
<option value="NIO">NIO</option>
<option value="NOK">NOK</option>
<option value="NPR">PPR</option>
<option value="NZD">NZD</option>
<option value="OMR">OMR</option>
<option value="PAB">PAB</option>
<option value="PEN">PEN</option>
<option value="PGK">PGK</option>
<option value="PHP">PHP</option>
<option value="PKR">PKR</option>
<option value="PLN">PLN</option>
<option value="PYG">PYG</option>
<option value="QAR">QAR</option>
<option value="RON">RON</option>
<option value="RSD">RSB</option>
<option value="RUB">RUB</option>
<option value="RWF">RWF</option>
<option value="SAR">SAR</option>
<option value="SBD">SBD</option>
<option value="SCR">SCR</option>
<option value="SDG">SDG</option>
<option value="SEK">SEK</option>
<option value="SGD">SGD</option>
<option value="SHP">SHP</option>
<option value="SLL">SLL</option>
<option value="SOS">SOS</option>
<option value="SRD">SRD</option>
<option value="SSP">SSP</option>
<option value="STD">STD</option>
<option value="STN">STN</option>
<option value="SVC">SVC</option>
<option value="SYP">SYP</option>
<option value="SZL">SZL</option>
<option value="THB">THB</option>
<option value="TJS">TJS</option>
<option value="TMT">TMT</option>
<option value="TND">TND</option>
<option value="TOP">TOP</option>
<option value="TRY">TRY</option>
<option value="TTD">TTD</option>
<option value="TWD">TWD</option>
<option value="TZS">TZS</option>
<option value="UAH">UAH</option>
<option value="UGX">UGX</option>
<option value="USD">USD</option>
<option value="UYU">UYU</option>
<option value="UZS">UZS</option>
<option value="VES">VES</option>
<option value="VND">VND</option>
<option value="VUV">VUV</option>
<option value="WST">XST</option>
<option value="XAF">XAF</option>
<option value="XAG">XAG</option>
<option value="XAU">XAU</option>
<option value="XCD">XCD</option>
<option value="XDR">XDR</option>
<option value="XOF">XOF</option>
<option value="XPD">XPD</option>
<option value="XPF">XPF</option>
<option value="XPT">XPT</option>
<option value="YER">YER</option>
<option value="ZAR">ZAR</option>
<option value="ZMW">ZMW</option>
<option value="ZWL">ZWL</option>
</select>
<input type="number" class="uk-form-input" id="r1" placeholder="amount" data-uk-form-input>
</div>
<div class="uk-form-row">
<H2>To...</H2>
</div>
<div class="uk-form-row">
<select id="ccurrency">
<option>Select Currency</option>
<option value="AED">AED</option>
<option value="AFN">AFN</option>
<option value="ALL">ALL</option>
<option value="AMD">AMD</option>
<option value="ANG">ANG</option>
<option value="AOA">AOA</option>
<option value="ARS">ARS</option>
<option value="AUD">AUD</option>
<option value="AWG">AWG</option>
<option value="AZN">AZN</option>
<option value="BAM">BAM</option>
<option value="BBD">BBD</option>
<option value="BDT">BDT</option>
<option value="BGN">BGN</option>
<option value="BHD">BHD</option>
<option value="BIF">BIF</option>
<option value="BMD">BMD</option>
<option value="BND">BND</option>
<option value="BOB">BOB</option>
<option value="BRL">BRL</option>
<option value="BSD">BSD</option>
<option value="BTC">BTC</option>
<option value="BTN">BTN</option>
<option value="BWP">BWP</option>
<option value="BYN">BYN</option>
<option value="BZD">BZD</option>
<option value="CAD">CAD</option>
<option value="CDF">CDF</option>
<option value="CHF">CHF</option>
<option value="CLF">CLF</option>
<option value="CLP">CLP</option>
<option value="CNH">CNH</option>
<option value="CNY">CNY</option>
<option value="COP">COP</option>
<option value="CRC">CRC</option>
<option value="CUC">CUC</option>
<option value="CUP">CUP</option>
<option value="CVE">CVE</option>
<option value="CZK">CZK</option>
<option value="DJF">DJF</option>
<option value="DKK">DKK</option>
<option value="DOP">DOP</option>
<option value="DZD">DZD</option>
<option value="EGP">EGP</option>
<option value="ERN">ERN</option>
<option value="ETB">ETB</option>
<option value="EUR">EUR</option>
<option value="FJD">FJD</option>
<option value="FKP">FKP</option>
<option value="GBP">GBP</option>
<option value="GEL">GEL</option>
<option value="GGP">GGP</option>
<option value="GHS">GHS</option>
<option value="GIP">GIP</option>
<option value="GMD">GMD</option>
<option value="GNF">GNF</option>
<option value="GTQ">GTQ</option>
<option value="GYD">GYD</option>
<option value="HKD">HKD</option>
<option value="HNL">HNL</option>
<option value="HRK">HRK</option>
<option value="HTG">HTG</option>
<option value="HUF">HUF</option>
<option value="IDR">IDR</option>
<option value="ILS">ILS</option>
<option value="IMP">IMP</option>
<option value="INR">INR</option>
<option value="IQD">IQD</option>
<option value="IRR">IRR</option>
<option value="ISK">ISK</option>
<option value="JEP">JEP</option>
<option value="JMD">JMD</option>
<option value="JOD">JOD</option>
<option value="JPY">JPY</option>
<option value="KES">KES</option>
<option value="KGS">KGS</option>
<option value="KHR">KHR</option>
<option value="KMF">KMF</option>
<option value="KPW">KPW</option>
<option value="KRW">KRW</option>
<option value="KWD">KWD</option>
<option value="KYD">KYD</option>
<option value="KZT">KZT</option>
<option value="LAK">LAK</option>
<option value="LBP">LBP</option>
<option value="LKR">LKR</option>
<option value="LRD">LRD</option>
<option value="LSL">LSL</option>
<option value="LYD">LYD</option>
<option value="MAD">MAD</option>
<option value="MDL">MDL</option>
<option value="MGA">MGA</option>
<option value="MKD">MKD</option>
<option value="MMK">MMK</option>
<option value="MNT">MNT</option>
<option value="MOP">MOP</option>
<option value="MRO">MRO</option>
<option value="MRU">MRU</option>
<option value="MUR">MUR</option>
<option value="MVR">MVR</option>
<option value="MWK">MWK</option>
<option value="MXN">MXM</option>
<option value="MYR">MYR</option>
<option value="MZN">MZN</option>
<option value="NAD">NAD</option>
<option value="NGN">NGN</option>
<option value="NIO">NIO</option>
<option value="NOK">NOK</option>
<option value="NPR">PPR</option>
<option value="NZD">NZD</option>
<option value="OMR">OMR</option>
<option value="PAB">PAB</option>
<option value="PEN">PEN</option>
<option value="PGK">PGK</option>
<option value="PHP">PHP</option>
<option value="PKR">PKR</option>
<option value="PLN">PLN</option>
<option value="PYG">PYG</option>
<option value="QAR">QAR</option>
<option value="RON">RON</option>
<option value="RSD">RSB</option>
<option value="RUB">RUB</option>
<option value="RWF">RWF</option>
<option value="SAR">SAR</option>
<option value="SBD">SBD</option>
<option value="SCR">SCR</option>
<option value="SDG">SDG</option>
<option value="SEK">SEK</option>
<option value="SGD">SGD</option>
<option value="SHP">SHP</option>
<option value="SLL">SLL</option>
<option value="SOS">SOS</option>
<option value="SRD">SRD</option>
<option value="SSP">SSP</option>
<option value="STD">STD</option>
<option value="STN">STN</option>
<option value="SVC">SVC</option>
<option value="SYP">SYP</option>
<option value="SZL">SZL</option>
<option value="THB">THB</option>
<option value="TJS">TJS</option>
<option value="TMT">TMT</option>
<option value="TND">TND</option>
<option value="TOP">TOP</option>
<option value="TRY">TRY</option>
<option value="TTD">TTD</option>
<option value="TWD">TWD</option>
<option value="TZS">TZS</option>
<option value="UAH">UAH</option>
<option value="UGX">UGX</option>
<option value="USD">USD</option>
<option value="UYU">UYU</option>
<option value="UZS">UZS</option>
<option value="VES">VES</option>
<option value="VND">VND</option>
<option value="VUV">VUV</option>
<option value="WST">XST</option>
<option value="XAF">XAF</option>
<option value="XAG">XAG</option>
<option value="XAU">XAU</option>
<option value="XCD">XCD</option>
<option value="XDR">XDR</option>
<option value="XOF">XOF</option>
<option value="XPD">XPD</option>
<option value="XPF">XPF</option>
<option value="XPT">XPT</option>
<option value="YER">YER</option>
<option value="ZAR">ZAR</option>
<option value="ZMW">ZMW</option>
<option value="ZWL">ZWL</option>
</select>
</div>
<div class="uk-form-row">
Result: <span id="result">waiting...</span>
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<h2><strong>How to Use the Currency converter</strong></h2>
<p class="custom-body">The calculator above converts any amount in 164 currencies of the world including BTC, USD, EURO and GBP. To use the calculator, you first select the currency you want to convert from. Next you put in the amount you wish to convert in the next box and finally, you select the currency you want to convert to. The conversion begins when you click on "Convert Now". You will be able to see the result of the calculation in the box beside "results"</p>
<h2 class="uk-margin-top-remove"><strong>How does the Currency converter work?</strong></h2>
<p class="custom-body">The calculator works really well by receiving the details of currencies and amount you input and then performing the required calculation using up-to-date currency exchange data. It is that simple.</p>
<h2 class="uk-margin-top-remove"><strong>Where does the Currency exchange rate data come from?</strong></h2>
<p class="custom-body">We source the currency exchange rate data from financial data providers and banks including the European central bank.</p>
<h2 class="uk-margin-top-remove"><strong>How Updated is the Data?</strong></h2>
<p class="custom-body">Our live currency exchange data are live and accurate to the last hour. Our historical exchange rate data are accurate and provided as the end-of-day (EOD) rate. </p>
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