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PHORSE to NGN Converter and calculator

PHORSE/NGN: 1 PHORSE = 0.08412 NGN. The price of converting 1 PHORSE (PHORSE) to Nigerian Naira (NGN) is 0.08412 NGN today.
PHORSE
PHORSE
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PHORSE to NGN real-time exchange rates, making it easy to convert PHORSE (PHORSE) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 PHORSE is currently valued at 0.08412 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PHORSE is currently valued at 0.08412 NGN, which means buying 5 PHORSE would cost 0.4206 NGN. Similarly, ₦1 NGN can be converted to 11.89 PHORSE, and ₦50 NGN can be converted to 59.44 PHORSE, excluding any platform or gas fees.

Convert PHORSE to NGN

Convert NGN to PHORSE

PHORSE
Nigerian Naira
1 PHORSE
0.08412  NGN
Exchange 1 PHORSE for 0.08412 NGN
2 PHORSE
0.1682  NGN
Exchange 2 PHORSE for 0.1682 NGN
5 PHORSE
0.4206  NGN
Exchange 5 PHORSE for 0.4206 NGN
10 PHORSE
0.8412  NGN
Exchange 10 PHORSE for 0.8412 NGN
20 PHORSE
1.68  NGN
Exchange 20 PHORSE for 1.68 NGN
50 PHORSE
4.21  NGN
Exchange 50 PHORSE for 4.21 NGN
100 PHORSE
8.41  NGN
Exchange 100 PHORSE for 8.41 NGN
200 PHORSE
16.82  NGN
Exchange 200 PHORSE for 16.82 NGN
500 PHORSE
42.06  NGN
Exchange 500 PHORSE for 42.06 NGN
1000 PHORSE
84.12  NGN
Exchange 1000 PHORSE for 84.12 NGN
5000 PHORSE
420.6  NGN
Exchange 5000 PHORSE for 420.6 NGN
10000 PHORSE
841.2  NGN
Exchange 10000 PHORSE for 841.2 NGN
In the table above, you'll find a comprehensive PHORSE to NGN converter that shows the value of PHORSE in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 PHORSE to NGN, all the way up to 10000 PHORSE, providing a clear view of their respective values.
Nigerian Naira
PHORSE
1 NGN
11.89 PHORSE
Exchange 1 NGN for 11.89 PHORSE
10 NGN
118.88 PHORSE
Exchange 10 NGN for 118.88 PHORSE
50 NGN
594.39 PHORSE
Exchange 50 NGN for 594.39 PHORSE
100 NGN
1,188.78 PHORSE
Exchange 100 NGN for 1,188.78 PHORSE
200 NGN
2,377.56 PHORSE
Exchange 200 NGN for 2,377.56 PHORSE
500 NGN
5,943.9 PHORSE
Exchange 500 NGN for 5,943.9 PHORSE
1000 NGN
11,887.8 PHORSE
Exchange 1000 NGN for 11,887.8 PHORSE
2000 NGN
23,775.6 PHORSE
Exchange 2000 NGN for 23,775.6 PHORSE
5000 NGN
59,438.99 PHORSE
Exchange 5000 NGN for 59,438.99 PHORSE
10000 NGN
118,877.99 PHORSE
Exchange 10000 NGN for 118,877.99 PHORSE
50000 NGN
594,389.94 PHORSE
Exchange 50000 NGN for 594,389.94 PHORSE
100000 NGN
1,188,779.88 PHORSE
Exchange 100000 NGN for 1,188,779.88 PHORSE
In the table above, you'll find a comprehensive NGN to PHORSE converter that shows the value of Nigerian Naira in PHORSE across commonly used conversion amounts. The list covers conversions from 1 NGN to PHORSE, all the way up to 100000 NGN, providing a clear view of their respective values.

PHORSE to NGN chart

PHORSE/NGN: 1 PHORSE = 0.08412 NGN; 2025/09/11 03:12:39
In the past 1D, PHORSE has changed 0.00% to NGN. Based on the trend and price charts, PHORSE(PHORSE) has changed 0.00% to NGN while Nigerian Naira(NGN) has changed % to PHORSE in the last 24 hours.
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PHORSE to NGN conversion data: Volatility and price changes of PHORSE in NGN

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

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PHORSE information

PHORSE to NGN market statistics

PHORSE/NGN:
₦0.08412
PHORSE 24h volume:
--
PHORSE market cap:
₦84,116,460.04
PHORSE circulating supply:
999.96M PHORSE

Current PHORSE to NGN exchange rate

PHORSE to Nigerian Naira is falling this week.
PHORSE's current market price is ₦0.08412 per PHORSE, with a total market cap of ₦84,116,460.04 NGN based on a circulating supply of 999,959,550 PHORSE. The trading volume of PHORSE has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, PHORSE's trading volume was ₦--.

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

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How to convert PHORSE to NGN

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PHORSE to NGN Conversion tables

The exchange rate of PHORSE is decreasing.
The exchange rate of 1 PHORSE to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by 0.00%, reaching a high of 0 NGN and a low of 0 NGN . One month ago, the value of 1 PHORSE was ₦-- NGN , which represents a --% change from its current value. Over the last year, PHORSE has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 03:12 am today 24 hours ago 24h change
0.5 PHORSE
₦0.04206₦--
0.00%
1 PHORSE
₦0.08412₦--
0.00%
5 PHORSE
₦0.4206₦--
0.00%
10 PHORSE
₦0.8412₦--
0.00%
50 PHORSE
₦4.21₦--
0.00%
100 PHORSE
₦8.41₦--
0.00%
500 PHORSE
₦42.06₦--
0.00%
1000 PHORSE
₦84.12₦--
0.00%

PHORSE to NGN FAQ

How much is 1 PHORSE in NGN?
Right now, the price of 1 PHORSE (PHORSE) in Nigerian Naira (NGN) is ₦0.08412.
How much PHORSE can I buy for 1 NGN?
Based on the current exchange rate, you can get 11.89 PHORSE for 1 NGN.
How do I calculate or convert PHORSE to NGN?
You can use our PHORSE to NGN calculator at the top of this page to convert any amount of PHORSE to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 59.44 PHORSE, while 5 PHORSE will cost around 0.4206NGN.
What is the highest price of PHORSE/NGN in history?
The all-time high price of 1 PHORSE in NGN is --. It remains to be seen if the value of 1 PHORSE/NGN will exceed the current all-time high.
What is the price trend of PHORSE in NGN?
Over the past 7 days, the exchange rate of PHORSE (PHORSE) has gone down by --.   Over the last month, the exchange rate of PHORSE (PHORSE) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of PHORSE to NGN?

There are many factors that affect the relationship between PHORSE 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 PHORSE/NGN. When there is positive news in the market about the widespread adoption of PHORSE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PHORSE/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PHORSE/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 PHORSE/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 PHORSE 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 PHORSE currency pairs: PHORSE to US Dollar (USD), PHORSE to Euro (EUR), PHORSE to Pound Sterling (GBP), PHORSE to Canadian Dollar (CAD), PHORSE to Indian Rupee (INR), PHORSE to Pakistani Rupee (PKR), PHORSE to Brazilian Real (BRL), PHORSE to…
The price of PHORSE in the US is $0.{4}5573 USD. Additionally, PHORSE’s price is €0.{4}4764 EUR in the eurozone, £0.{4}4119 GBP in the UK, C$0.{4}7729 CAD in Canada, ₹0.004907 INR in India, ₨0.01583 PKR in Pakistan, R$0.0003011 BRL in Brazil, and more.
The most popular PHORSE currency pair is the PHORSE to Nigerian Naira(NGN). The price of 1 PHORSE (PHORSE) in Nigerian Naira (NGN) is ₦0.08412.

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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.