1 INR to NGN - Indian Rupee to Nigerian Naira Exchange Rate

INR to NGN Conversion Table

Quick reference for common conversion amounts at current mid-market rate

INR Amount	NGN Equivalent	Exchange Rate
100 INR	1,651.14 NGN	1 INR = 16.5114 NGN
500 INR	8,255.69 NGN	1 INR = 16.5114 NGN
1,000 INR	16,511.37 NGN	1 INR = 16.5114 NGN
5,000 INR	82,556.85 NGN	1 INR = 16.5114 NGN
10,000 INR	165,113.70 NGN	1 INR = 16.5114 NGN
50,000 INR	825,568.51 NGN	1 INR = 16.5114 NGN

Last Updated: October 28, 2025 7:39 AM EDT

About INR to NGN Exchange Rate

The Indian Rupee (INR) to Nigerian Naira (NGN) exchange rate shows how much one INR is worth in NGN. Currently, 1 INR equals 16.5114 NGN.

Our currency converter uses real-time exchange rates sourced from global financial markets and updated hourly at the top of each hour. The mid-market rate you see here is the fairest rate available, representing the midpoint between buy and sell rates without any markup or hidden fees that banks and money transfer services typically add (which can be 2-4% above mid-market rates).

How to Use This INR to NGN Converter

Enter the amount you want to convert in the "Amount" field (supports any amount from 0.01 onwards)
Select INR as your source currency and NGN as your target currency
Click "Convert" to see the converted amount at the current exchange rate
Use the swap button (⇄) to quickly reverse the conversion direction
Reference the Quick Conversion Table above for common amounts

The INR/NGN rate can fluctuate throughout the day based on economic factors, market sentiment, central bank policies, and geopolitical events. Currency markets are open 24/5 (Monday-Friday). Check back regularly for the latest rates, which update every hour on MarketsHost.

Frequently Asked Questions

What is the current INR to NGN exchange rate?

The current exchange rate is 1 INR = 16.5114 NGN. This rate is updated hourly and represents the mid-market rate without any markups.

How much is 1000 INR in NGN?

1000 INR equals approximately 16,511.37 NGN at the current exchange rate. See the conversion table above for more amount options.

Is 16.5114 NGN per INR a good rate?

This is the mid-market rate, which is the fairest rate available in the forex market. Banks and money transfer services typically add a 2-4% markup to this rate. If you're getting a rate within 1-2% of this mid-market rate, that's considered competitive.

How often do INR to NGN rates update?

Currency exchange rates on MarketsHost update every hour at the top of the hour. Currency markets operate 24 hours a day, 5 days a week (Monday-Friday), so rates can change continuously based on global economic events.

Where can I exchange INR to NGN?

You can exchange currencies at banks, currency exchange bureaus, airports, or use online money transfer services like Wise, Western Union, or PayPal. Online services typically offer better rates (closer to mid-market) compared to physical exchanges.

What's the difference between mid-market rate and bank rate?

The mid-market rate (shown here) is the midpoint between buy and sell prices in the forex market with no markup. Bank rates typically add a 2-4% margin on top of the mid-market rate as their profit. For example, if the mid-market rate is 16.5114, a bank might offer 16.0160 (3% worse).

Why do INR to NGN rates change?

Exchange rates change due to multiple factors including economic indicators (GDP, inflation, employment), central bank policies and interest rates, political stability, trade balances, market sentiment, and global events. Supply and demand in the forex market cause continuous rate fluctuations.

Can I convert NGN back to INR?

Yes! Use our reverse NGN to INR converter or click the swap button (⇄) in the calculator above to instantly reverse the conversion direction.

Indian Rupee to Nigerian Naira Converter

Live Currency Converter

INR to NGN Conversion Table

Related INR Currency Pairs

About INR to NGN Exchange Rate

How to Use This INR to NGN Converter

Frequently Asked Questions