Nigerian Naira (₦) to Malaysian Ringgit (RM) Conversion
| Currency | Amount | Variation (%) |
|---|---|---|
 NGN | 1 | - |
 MYR | 0.0029 | -0.3367% |
 USD | 0.0007 | -0.3524% |
 EUR | 0.0006 | -0.1399% |
 GBP | 0.0005 | -0.1871% |
 JPY | 0.115 | -0.1291% |
 CAD | 0.001 | -0.3881% |
 BRL | 0.0036 | -0.1954% |
 CNY | 0.0049 | -0.3914% |
 AUD | 0.001 | -0.4408% |
 CHF | 0.0006 | -0.1736% |
Updated: May 13, 2026
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's most populous country and largest economy by nominal GDP. Managed by the Central Bank of Nigeria, the naira has experienced significant depreciation in recent years following the unification of multiple exchange rate windows in 2023. Nigeria is a major oil producer and OPEC member, making the naira heavily exposed to global oil price volatility. The naira symbol (₦) was designed by Alhaji Abubakar Usman and adopted when the naira replaced the pound in 1973.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, managed by Bank Negara Malaysia. "Ringgit" means "jagged" in Malay, referring to the serrated edges of Spanish silver dollars that once circulated in the region. Malaysia is a significant producer and exporter of electronics, palm oil, petroleum, and rubber. The MYR was briefly pegged to the USD at 3.80 from 1998 to 2005 following the Asian financial crisis, before transitioning to a managed float.
Frequently Asked Questions (FAQ)
How many Malaysian Ringgit are in 1 Nigerian Naira?
1 Nigerian Naira (₦) is exactly 1 Malaysian Ringgit (RM).
How do I convert Nigerian Naira to Malaysian Ringgit?
Multiply the value in Nigerian Naira by 1 to get the result in Malaysian Ringgit. Or use the converter above — type any number and see the result instantly.