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Inmates to Nigerian Naira (INMATES to NGN)

INMATES to NGN Converter and calculator

INMATES/NGN: 1 INMATES = 0.004809 NGN. The price of converting 1 Inmates (INMATES) to Nigerian Naira (NGN) is 0.004809 NGN today.
INMATES
INMATES
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides INMATES to NGN real-time exchange rates, making it easy to convert Inmates (INMATES) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 INMATES is currently valued at 0.004809 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 INMATES is currently valued at 0.004809 NGN, which means buying 5 INMATES would cost 0.02405 NGN. Similarly, ₦1 NGN can be converted to 207.93 INMATES, and ₦50 NGN can be converted to 1,039.67 INMATES, excluding any platform or gas fees.

Convert INMATES to NGN

Convert NGN to INMATES

Inmates
Nigerian Naira
1 INMATES
0.004809  NGN
Exchange 1 INMATES for 0.004809 NGN
2 INMATES
0.009618  NGN
Exchange 2 INMATES for 0.009618 NGN
5 INMATES
0.02405  NGN
Exchange 5 INMATES for 0.02405 NGN
10 INMATES
0.04809  NGN
Exchange 10 INMATES for 0.04809 NGN
20 INMATES
0.09618  NGN
Exchange 20 INMATES for 0.09618 NGN
50 INMATES
0.2405  NGN
Exchange 50 INMATES for 0.2405 NGN
100 INMATES
0.4809  NGN
Exchange 100 INMATES for 0.4809 NGN
200 INMATES
0.9618  NGN
Exchange 200 INMATES for 0.9618 NGN
500 INMATES
2.4  NGN
Exchange 500 INMATES for 2.4 NGN
1000 INMATES
4.81  NGN
Exchange 1000 INMATES for 4.81 NGN
5000 INMATES
24.05  NGN
Exchange 5000 INMATES for 24.05 NGN
10000 INMATES
48.09  NGN
Exchange 10000 INMATES for 48.09 NGN
In the table above, you'll find a comprehensive INMATES to NGN converter that shows the value of Inmates in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 INMATES to NGN, all the way up to 10000 INMATES, providing a clear view of their respective values.
Nigerian Naira
Inmates
1 NGN
207.93 INMATES
Exchange 1 NGN for 207.93 INMATES
10 NGN
2,079.33 INMATES
Exchange 10 NGN for 2,079.33 INMATES
50 NGN
10,396.65 INMATES
Exchange 50 NGN for 10,396.65 INMATES
100 NGN
20,793.31 INMATES
Exchange 100 NGN for 20,793.31 INMATES
200 NGN
41,586.62 INMATES
Exchange 200 NGN for 41,586.62 INMATES
500 NGN
103,966.54 INMATES
Exchange 500 NGN for 103,966.54 INMATES
1000 NGN
207,933.08 INMATES
Exchange 1000 NGN for 207,933.08 INMATES
2000 NGN
415,866.16 INMATES
Exchange 2000 NGN for 415,866.16 INMATES
5000 NGN
1,039,665.41 INMATES
Exchange 5000 NGN for 1,039,665.41 INMATES
10000 NGN
2,079,330.82 INMATES
Exchange 10000 NGN for 2,079,330.82 INMATES
50000 NGN
10,396,654.1 INMATES
Exchange 50000 NGN for 10,396,654.1 INMATES
100000 NGN
20,793,308.2 INMATES
Exchange 100000 NGN for 20,793,308.2 INMATES
In the table above, you'll find a comprehensive NGN to INMATES converter that shows the value of Nigerian Naira in Inmates across commonly used conversion amounts. The list covers conversions from 1 NGN to INMATES, all the way up to 100000 NGN, providing a clear view of their respective values.

INMATES to NGN chart

INMATES/NGN: 1 INMATES = 0.004809 NGN; 2026/01/14 18:37:51
In the past 1D, Inmates has changed +0.02% to NGN. Based on the trend and price charts, Inmates(INMATES) has changed +0.02% to NGN while Nigerian Naira(NGN) has changed % to INMATES in the last 24 hours.
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INMATES to NGN conversion data: Volatility and price changes of Inmates in NGN

The highest Inmates price in NGN over the past 7 days was -- NGN while the lowest Inmates price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in Inmates price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and INMATES to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hours Last 7 days Last 30 days Last 90 days
High
0.004809 NGN
-- NGN
-- NGN
-- NGN
Low
0.004729 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.02%
--
--
--

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Bitget P2P trading does not currently support direct buying of INMATES with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy INMATES with USDT via Bitget spot market.
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Inmates information

INMATES to NGN market statistics

INMATES/NGN:
₦0.004809
INMATES 24h volume:
₦6,364.66
INMATES market cap:
₦4,808,195.65
INMATES circulating supply:
999.78M INMATES

Current INMATES to NGN exchange rate

Inmates to Nigerian Naira is falling this week.
Inmates's current market price is ₦0.004809 per INMATES, with a total market cap of ₦4,808,195.65 NGN based on a circulating supply of 999,782,900 INMATES. The trading volume of Inmates has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, INMATES's trading volume was ₦--.

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Nigerian Naira 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.

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

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How to convert INMATES to NGN

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INMATES to NGN Conversion tables

The exchange rate of Inmates is decreasing.
The exchange rate of 1 INMATES to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.02%, reaching a high of 0.004809 NGN and a low of 0.004729 NGN . One month ago, the value of 1 INMATES was ₦-- NGN , which represents a --% change from its current value. Over the last year, Inmates has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 18:37 today 24 hours ago 24h change
0.5 INMATES
₦0.002405₦--
+0.02%
1 INMATES
₦0.004809₦--
+0.02%
5 INMATES
₦0.02405₦--
+0.02%
10 INMATES
₦0.04809₦--
+0.02%
50 INMATES
₦0.2405₦--
+0.02%
100 INMATES
₦0.4809₦--
+0.02%
500 INMATES
₦2.4₦--
+0.02%
1000 INMATES
₦4.81₦--
+0.02%

INMATES to NGN FAQ

How much is 1 Inmates in NGN?
Right now, the price of 1 Inmates (INMATES) in Nigerian Naira (NGN) is ₦0.004809.
How much INMATES can I buy for 1 NGN?
Based on the current exchange rate, you can get 207.93 INMATES for 1 NGN.
How do I calculate or convert INMATES to NGN?
You can use our INMATES to NGN calculator at the top of this page to convert any amount of INMATES to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 1,039.67 INMATES, while 5 INMATES will cost around 0.02405NGN.
What is the highest price of INMATES/NGN in history?
The all-time high price of 1 INMATES in NGN is --. It remains to be seen if the value of 1 INMATES/NGN will exceed the current all-time high.
What is the price trend of Inmates in NGN?
Over the past 7 days, the exchange rate of Inmates (INMATES) has gone down by --.   Over the last month, the exchange rate of Inmates (INMATES) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of INMATES to NGN?

There are many factors that affect the relationship between Inmates and Nigerian Naira, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of INMATES/NGN. When there is positive news in the market about the widespread adoption of INMATES or major technological breakthroughs, it tends to trigger market optimism and drive the rise of INMATES/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in INMATES/NGN.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of INMATES/NGN. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Inmates and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

Bitget crypto-to-fiat exchange data shows the popular Inmates currency pairs: INMATES to US Dollar (USD), INMATES to Euro (EUR), INMATES to Pound Sterling (GBP), INMATES to Canadian Dollar (CAD), INMATES to Indian Rupee (INR), INMATES to Pakistani Rupee (PKR), INMATES to Brazilian Real (BRL), INMATES to…
The price of Inmates in the US is $0.₹0.00030513381 USD. Additionally, Inmates’s price is €0.{5}2901 EUR in the eurozone, £0.{5}2515 GBP in the UK, C$0.{5}4690 CAD in Canada, {5} INR in India, ₨0.0009461 PKR in Pakistan, R$0.{4}1819 BRL in Brazil, and more.
The most popular Inmates currency pair is the INMATES to Nigerian Naira(NGN). The price of 1 Inmates (INMATES) in Nigerian Naira (NGN) is ₦0.004809.

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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.
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