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FRCT to NGN Converter and calculator

FRCT/NGN: 1 FRCT = 0.04607 NGN. The price of converting 1 Fraction (FRCT) to Nigerian Naira (NGN) is 0.04607 NGN today.
FRCT
FRCT
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides FRCT to NGN real-time exchange rates, making it easy to convert Fraction (FRCT) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 FRCT is currently valued at 0.04607 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 FRCT is currently valued at 0.04607 NGN, which means buying 5 FRCT would cost 0.2304 NGN. Similarly, ₦1 NGN can be converted to 21.71 FRCT, and ₦50 NGN can be converted to 108.53 FRCT, excluding any platform or gas fees.

Convert FRCT to NGN

Convert NGN to FRCT

Fraction
Nigerian Naira
1 FRCT
0.04607  NGN
Exchange 1 FRCT for 0.04607 NGN
2 FRCT
0.09214  NGN
Exchange 2 FRCT for 0.09214 NGN
5 FRCT
0.2304  NGN
Exchange 5 FRCT for 0.2304 NGN
10 FRCT
0.4607  NGN
Exchange 10 FRCT for 0.4607 NGN
20 FRCT
0.9214  NGN
Exchange 20 FRCT for 0.9214 NGN
50 FRCT
2.3  NGN
Exchange 50 FRCT for 2.3 NGN
100 FRCT
4.61  NGN
Exchange 100 FRCT for 4.61 NGN
200 FRCT
9.21  NGN
Exchange 200 FRCT for 9.21 NGN
500 FRCT
23.04  NGN
Exchange 500 FRCT for 23.04 NGN
1000 FRCT
46.07  NGN
Exchange 1000 FRCT for 46.07 NGN
5000 FRCT
230.35  NGN
Exchange 5000 FRCT for 230.35 NGN
10000 FRCT
460.7  NGN
Exchange 10000 FRCT for 460.7 NGN
In the table above, you'll find a comprehensive FRCT to NGN converter that shows the value of Fraction in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 FRCT to NGN, all the way up to 10000 FRCT, providing a clear view of their respective values.
Nigerian Naira
Fraction
1 NGN
21.71 FRCT
Exchange 1 NGN for 21.71 FRCT
10 NGN
217.06 FRCT
Exchange 10 NGN for 217.06 FRCT
50 NGN
1,085.3 FRCT
Exchange 50 NGN for 1,085.3 FRCT
100 NGN
2,170.61 FRCT
Exchange 100 NGN for 2,170.61 FRCT
200 NGN
4,341.22 FRCT
Exchange 200 NGN for 4,341.22 FRCT
500 NGN
10,853.04 FRCT
Exchange 500 NGN for 10,853.04 FRCT
1000 NGN
21,706.09 FRCT
Exchange 1000 NGN for 21,706.09 FRCT
2000 NGN
43,412.17 FRCT
Exchange 2000 NGN for 43,412.17 FRCT
5000 NGN
108,530.43 FRCT
Exchange 5000 NGN for 108,530.43 FRCT
10000 NGN
217,060.85 FRCT
Exchange 10000 NGN for 217,060.85 FRCT
50000 NGN
1,085,304.27 FRCT
Exchange 50000 NGN for 1,085,304.27 FRCT
100000 NGN
2,170,608.54 FRCT
Exchange 100000 NGN for 2,170,608.54 FRCT
In the table above, you'll find a comprehensive NGN to FRCT converter that shows the value of Nigerian Naira in Fraction across commonly used conversion amounts. The list covers conversions from 1 NGN to FRCT, all the way up to 100000 NGN, providing a clear view of their respective values.

FRCT to NGN chart

FRCT/NGN: 1 FRCT = 0.04607 NGN; 2025/11/15 07:00:24
In the past 1D, Fraction has changed -0.03% to NGN. Based on the trend and price charts, Fraction(FRCT) has changed -0.03% to NGN while Nigerian Naira(NGN) has changed % to FRCT in the last 24 hours.
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FRCT to NGN conversion data: Volatility and price changes of Fraction in NGN

The highest Fraction price in NGN over the past 7 days was -- NGN while the lowest Fraction price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in Fraction price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and FRCT 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
0.04739 NGN
-- NGN
-- NGN
-- NGN
Low
0.04457 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.03%
--
--
--

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Fraction information

FRCT to NGN market statistics

FRCT/NGN:
₦0.04607
FRCT 24h volume:
₦187,836.26
FRCT market cap:
₦46,069,506.24
FRCT circulating supply:
999.99M FRCT

Current FRCT to NGN exchange rate

Fraction to Nigerian Naira is falling this week.
Fraction's current market price is ₦0.04607 per FRCT, with a total market cap of ₦46,069,506.24 NGN based on a circulating supply of 999,988,600 FRCT. The trading volume of Fraction has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, FRCT's trading volume was ₦--.

More info about Fraction on Bitget

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 Fraction currency pair is the FRCT to NGN, with for Fraction's currency code being FRCT. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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FRCT to NGN Conversion tables

The exchange rate of Fraction is decreasing.
The exchange rate of 1 FRCT to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.03%, reaching a high of 0.04739 NGN and a low of 0.04457 NGN . One month ago, the value of 1 FRCT was ₦-- NGN , which represents a --% change from its current value. Over the last year, Fraction has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 07:00 am today 24 hours ago 24h change
0.5 FRCT
₦0.02304₦--
-0.03%
1 FRCT
₦0.04607₦--
-0.03%
5 FRCT
₦0.2304₦--
-0.03%
10 FRCT
₦0.4607₦--
-0.03%
50 FRCT
₦2.3₦--
-0.03%
100 FRCT
₦4.61₦--
-0.03%
500 FRCT
₦23.04₦--
-0.03%
1000 FRCT
₦46.07₦--
-0.03%

FRCT to NGN FAQ

How much is 1 Fraction in NGN?
Right now, the price of 1 Fraction (FRCT) in Nigerian Naira (NGN) is ₦0.04607.
How much FRCT can I buy for 1 NGN?
Based on the current exchange rate, you can get 21.71 FRCT for 1 NGN.
How do I calculate or convert FRCT to NGN?
You can use our FRCT to NGN calculator at the top of this page to convert any amount of FRCT to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 108.53 FRCT, while 5 FRCT will cost around 0.2304NGN.
What is the highest price of FRCT/NGN in history?
The all-time high price of 1 FRCT in NGN is --. It remains to be seen if the value of 1 FRCT/NGN will exceed the current all-time high.
What is the price trend of Fraction in NGN?
Over the past 7 days, the exchange rate of Fraction (FRCT) has gone down by --.   Over the last month, the exchange rate of Fraction (FRCT) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of FRCT to NGN?

There are many factors that affect the relationship between Fraction 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 FRCT/NGN. When there is positive news in the market about the widespread adoption of FRCT or major technological breakthroughs, it tends to trigger market optimism and drive the rise of FRCT/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in FRCT/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 FRCT/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 Fraction 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 Fraction currency pairs: FRCT to US Dollar (USD), FRCT to Euro (EUR), FRCT to Pound Sterling (GBP), FRCT to Canadian Dollar (CAD), FRCT to Indian Rupee (INR), FRCT to Pakistani Rupee (PKR), FRCT to Brazilian Real (BRL), FRCT to…
The price of Fraction in the US is $0.{4}3198 USD. Additionally, Fraction’s price is €0.{4}2751 EUR in the eurozone, £0.{4}2430 GBP in the UK, C$0.{4}4487 CAD in Canada, ₹0.002836 INR in India, ₨0.009034 PKR in Pakistan, R$0.0001694 BRL in Brazil, and more.
The most popular Fraction currency pair is the FRCT to Nigerian Naira(NGN). The price of 1 Fraction (FRCT) in Nigerian Naira (NGN) is ₦0.04607.

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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.