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ARES to NGN Converter and calculator

ARES/NGN: 1 ARES = 0.07788 NGN. The price of converting 1 Ares (ARES) to Nigerian Naira (NGN) is 0.07788 NGN today.
ARES
ARES
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides ARES to NGN real-time exchange rates, making it easy to convert Ares (ARES) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 ARES is currently valued at 0.07788 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 ARES is currently valued at 0.07788 NGN, which means buying 5 ARES would cost 0.3894 NGN. Similarly, ₦1 NGN can be converted to 12.84 ARES, and ₦50 NGN can be converted to 64.2 ARES, excluding any platform or gas fees.

Convert ARES to NGN

Convert NGN to ARES

Ares
Nigerian Naira
1 ARES
0.07788  NGN
Exchange 1 ARES for 0.07788 NGN
2 ARES
0.1558  NGN
Exchange 2 ARES for 0.1558 NGN
5 ARES
0.3894  NGN
Exchange 5 ARES for 0.3894 NGN
10 ARES
0.7788  NGN
Exchange 10 ARES for 0.7788 NGN
20 ARES
1.56  NGN
Exchange 20 ARES for 1.56 NGN
50 ARES
3.89  NGN
Exchange 50 ARES for 3.89 NGN
100 ARES
7.79  NGN
Exchange 100 ARES for 7.79 NGN
200 ARES
15.58  NGN
Exchange 200 ARES for 15.58 NGN
500 ARES
38.94  NGN
Exchange 500 ARES for 38.94 NGN
1000 ARES
77.88  NGN
Exchange 1000 ARES for 77.88 NGN
5000 ARES
389.39  NGN
Exchange 5000 ARES for 389.39 NGN
10000 ARES
778.78  NGN
Exchange 10000 ARES for 778.78 NGN
In the table above, you'll find a comprehensive ARES to NGN converter that shows the value of Ares in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 ARES to NGN, all the way up to 10000 ARES, providing a clear view of their respective values.
Nigerian Naira
Ares
1 NGN
12.84 ARES
Exchange 1 NGN for 12.84 ARES
10 NGN
128.41 ARES
Exchange 10 NGN for 128.41 ARES
50 NGN
642.03 ARES
Exchange 50 NGN for 642.03 ARES
100 NGN
1,284.06 ARES
Exchange 100 NGN for 1,284.06 ARES
200 NGN
2,568.13 ARES
Exchange 200 NGN for 2,568.13 ARES
500 NGN
6,420.32 ARES
Exchange 500 NGN for 6,420.32 ARES
1000 NGN
12,840.65 ARES
Exchange 1000 NGN for 12,840.65 ARES
2000 NGN
25,681.3 ARES
Exchange 2000 NGN for 25,681.3 ARES
5000 NGN
64,203.24 ARES
Exchange 5000 NGN for 64,203.24 ARES
10000 NGN
128,406.48 ARES
Exchange 10000 NGN for 128,406.48 ARES
50000 NGN
642,032.42 ARES
Exchange 50000 NGN for 642,032.42 ARES
100000 NGN
1,284,064.83 ARES
Exchange 100000 NGN for 1,284,064.83 ARES
In the table above, you'll find a comprehensive NGN to ARES converter that shows the value of Nigerian Naira in Ares across commonly used conversion amounts. The list covers conversions from 1 NGN to ARES, all the way up to 100000 NGN, providing a clear view of their respective values.

ARES to NGN chart

ARES/NGN: 1 ARES = 0.07788 NGN; 2025/12/19 23:08:56
In the past 1D, Ares has changed -1.43% to NGN. Based on the trend and price charts, Ares(ARES) has changed -1.43% to NGN while Nigerian Naira(NGN) has changed % to ARES in the last 24 hours.
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ARES to NGN conversion data: Volatility and price changes of Ares in NGN

The highest Ares price in NGN over the past 7 days was 0.08141 NGN while the lowest Ares price in NGN over the past 7 days was 0.07686 NGN. The relative change between the highs and lows in Ares price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and ARES 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
0.07891 NGN
0.08141 NGN
0.09263 NGN
4.41 NGN
Low
0.07719 NGN
0.07686 NGN
0.07308 NGN
0.07308 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-1.43%
-2.85%
-15.24%
-97.99%

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Ares information

ARES to NGN market statistics

ARES/NGN:
₦0.07788
ARES 24h volume:
₦237,439,633.51
ARES market cap:
--
ARES circulating supply:
0 ARES

Current ARES to NGN exchange rate

Ares to Nigerian Naira is falling this week.
Ares's current market price is ₦0.07788 per ARES, with a total market cap of ₦0 NGN based on a circulating supply of -- ARES. The trading volume of Ares has changed by -9.88% (₦-26,019,193.78 NGN) in the last 24 hours. Last trading day, ARES's trading volume was ₦263,458,827.3.

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

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ARES to NGN Conversion tables

The exchange rate of Ares is decreasing.
The exchange rate of 1 ARES to Nigerian Naira has changed by -2.85% in the last 7 days. In the last 24 hours, the rate has fluctuated by -1.43%, reaching a high of 0.07891 NGN and a low of 0.07719 NGN . One month ago, the value of 1 ARES was ₦0.09186 NGN , which represents a -15.24% change from its current value. Over the last year, Ares has changed by
+
0.07776NGN
, resulting in a change of -92.20% in its value.
24 hours ago1 month ago1 year ago
Amount 23:08 today 24 hours ago 24h change
0.5 ARES
₦0.03894₦0.03950
-1.43%
1 ARES
₦0.07788₦0.07900
-1.43%
5 ARES
₦0.3894₦0.3950
-1.43%
10 ARES
₦0.7788₦0.7900
-1.43%
50 ARES
₦3.89₦3.95
-1.43%
100 ARES
₦7.79₦7.9
-1.43%
500 ARES
₦38.94₦39.5
-1.43%
1000 ARES
₦77.88₦79
-1.43%

ARES to NGN FAQ

How much is 1 Ares in NGN?
Right now, the price of 1 Ares (ARES) in Nigerian Naira (NGN) is ₦0.07788.
How much ARES can I buy for 1 NGN?
Based on the current exchange rate, you can get 12.84 ARES for 1 NGN.
How do I calculate or convert ARES to NGN?
You can use our ARES to NGN calculator at the top of this page to convert any amount of ARES to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 64.2 ARES, while 5 ARES will cost around 0.3894NGN.
What is the highest price of ARES/NGN in history?
The all-time high price of 1 ARES in NGN is ₦4.41. It remains to be seen if the value of 1 ARES/NGN will exceed the current all-time high.
What is the price trend of Ares in NGN?
Over the past 7 days, the exchange rate of Ares (ARES) has gone down by 2.85%.   Over the last month, the exchange rate of Ares (ARES) has gone down by 15.24% against Nigerian Naira (NGN).

What factors influence the conversion rate of ARES to NGN?

There are many factors that affect the relationship between Ares 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 ARES/NGN. When there is positive news in the market about the widespread adoption of ARES or major technological breakthroughs, it tends to trigger market optimism and drive the rise of ARES/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in ARES/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 ARES/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 Ares 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 Ares currency pairs: ARES to US Dollar (USD), ARES to Euro (EUR), ARES to Pound Sterling (GBP), ARES to Canadian Dollar (CAD), ARES to Indian Rupee (INR), ARES to Pakistani Rupee (PKR), ARES to Brazilian Real (BRL), ARES to…
The price of Ares in the US is $0.{4}5336 USD. Additionally, Ares’s price is €0.{4}4552 EUR in the eurozone, £0.{4}3985 GBP in the UK, C$0.{4}7356 CAD in Canada, ₹0.004778 INR in India, ₨0.01496 PKR in Pakistan, R$0.0002950 BRL in Brazil, and more.
The most popular Ares currency pair is the ARES to Nigerian Naira(NGN). The price of 1 Ares (ARES) in Nigerian Naira (NGN) is ₦0.07788.

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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.