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PLACE to NGN Converter and calculator

PLACE/NGN: 1 PLACE = 0.02617 NGN. The price of converting 1 PlaceWar (PLACE) to Nigerian Naira (NGN) is 0.02617 NGN today.
PLACE
PLACE
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PLACE to NGN real-time exchange rates, making it easy to convert PlaceWar (PLACE) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 PLACE is currently valued at 0.02617 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PLACE is currently valued at 0.02617 NGN, which means buying 5 PLACE would cost 0.1308 NGN. Similarly, ₦1 NGN can be converted to 38.22 PLACE, and ₦50 NGN can be converted to 191.08 PLACE, excluding any platform or gas fees.

Convert PLACE to NGN

Convert NGN to PLACE

PlaceWar
Nigerian Naira
1 PLACE
0.02617  NGN
Exchange 1 PLACE for 0.02617 NGN
2 PLACE
0.05233  NGN
Exchange 2 PLACE for 0.05233 NGN
5 PLACE
0.1308  NGN
Exchange 5 PLACE for 0.1308 NGN
10 PLACE
0.2617  NGN
Exchange 10 PLACE for 0.2617 NGN
20 PLACE
0.5233  NGN
Exchange 20 PLACE for 0.5233 NGN
50 PLACE
1.31  NGN
Exchange 50 PLACE for 1.31 NGN
100 PLACE
2.62  NGN
Exchange 100 PLACE for 2.62 NGN
200 PLACE
5.23  NGN
Exchange 200 PLACE for 5.23 NGN
500 PLACE
13.08  NGN
Exchange 500 PLACE for 13.08 NGN
1000 PLACE
26.17  NGN
Exchange 1000 PLACE for 26.17 NGN
5000 PLACE
130.83  NGN
Exchange 5000 PLACE for 130.83 NGN
10000 PLACE
261.67  NGN
Exchange 10000 PLACE for 261.67 NGN
In the table above, you'll find a comprehensive PLACE to NGN converter that shows the value of PlaceWar in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 PLACE to NGN, all the way up to 10000 PLACE, providing a clear view of their respective values.
Nigerian Naira
PlaceWar
1 NGN
38.22 PLACE
Exchange 1 NGN for 38.22 PLACE
10 NGN
382.16 PLACE
Exchange 10 NGN for 382.16 PLACE
50 NGN
1,910.82 PLACE
Exchange 50 NGN for 1,910.82 PLACE
100 NGN
3,821.64 PLACE
Exchange 100 NGN for 3,821.64 PLACE
200 NGN
7,643.29 PLACE
Exchange 200 NGN for 7,643.29 PLACE
500 NGN
19,108.22 PLACE
Exchange 500 NGN for 19,108.22 PLACE
1000 NGN
38,216.45 PLACE
Exchange 1000 NGN for 38,216.45 PLACE
2000 NGN
76,432.9 PLACE
Exchange 2000 NGN for 76,432.9 PLACE
5000 NGN
191,082.25 PLACE
Exchange 5000 NGN for 191,082.25 PLACE
10000 NGN
382,164.5 PLACE
Exchange 10000 NGN for 382,164.5 PLACE
50000 NGN
1,910,822.49 PLACE
Exchange 50000 NGN for 1,910,822.49 PLACE
100000 NGN
3,821,644.98 PLACE
Exchange 100000 NGN for 3,821,644.98 PLACE
In the table above, you'll find a comprehensive NGN to PLACE converter that shows the value of Nigerian Naira in PlaceWar across commonly used conversion amounts. The list covers conversions from 1 NGN to PLACE, all the way up to 100000 NGN, providing a clear view of their respective values.

PLACE to NGN chart

PLACE/NGN: 1 PLACE = 0.02617 NGN; 2025/09/19 20:01:13
In the past 1D, PlaceWar has changed +0.00% to NGN. Based on the trend and price charts, PlaceWar(PLACE) has changed +0.00% to NGN while Nigerian Naira(NGN) has changed % to PLACE in the last 24 hours.
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PLACE to NGN conversion data: Volatility and price changes of PlaceWar in NGN

The highest PlaceWar price in NGN over the past 7 days was 0.2093 NGN while the lowest PlaceWar price in NGN over the past 7 days was 0.02456 NGN. The relative change between the highs and lows in PlaceWar price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and PLACE 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
0.02617 NGN
0.2093 NGN
0.3762 NGN
0.3762 NGN
Low
0.02617 NGN
0.02456 NGN
0.02456 NGN
0.02456 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.00%
-58.39%
-73.50%
-68.11%

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Bitget P2P trading does not currently support direct buying of PLACE with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy PLACE with USDT via Bitget spot market.
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PlaceWar information

PLACE to NGN market statistics

PLACE/NGN:
₦0.02617
PLACE 24h volume:
--
PLACE market cap:
--
PLACE circulating supply:
0 PLACE

Current PLACE to NGN exchange rate

PlaceWar to Nigerian Naira is falling this week.
PlaceWar's current market price is ₦0.02617 per PLACE, with a total market cap of ₦0 NGN based on a circulating supply of -- PLACE. The trading volume of PlaceWar has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, PLACE's trading volume was ₦0.

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

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How to convert PLACE to NGN

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PLACE to NGN Conversion tables

The exchange rate of PlaceWar is decreasing.
The exchange rate of 1 PLACE to Nigerian Naira has changed by -58.39% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.00%, reaching a high of 0.02617 NGN and a low of 0.02617 NGN . One month ago, the value of 1 PLACE was ₦0.09872 NGN , which represents a -73.50% change from its current value. Over the last year, PlaceWar has changed by
-
0.09057NGN
, resulting in a change of -77.59% in its value.
24 hours ago1 month ago1 year ago
Amount 20:01 today 24 hours ago 24h change
0.5 PLACE
₦0.01308₦0.01308
+0.00%
1 PLACE
₦0.02617₦0.02617
+0.00%
5 PLACE
₦0.1308₦0.1308
+0.00%
10 PLACE
₦0.2617₦0.2617
+0.00%
50 PLACE
₦1.31₦1.31
+0.00%
100 PLACE
₦2.62₦2.62
+0.00%
500 PLACE
₦13.08₦13.08
+0.00%
1000 PLACE
₦26.17₦26.17
+0.00%

PLACE to NGN FAQ

How much is 1 PlaceWar in NGN?
Right now, the price of 1 PlaceWar (PLACE) in Nigerian Naira (NGN) is ₦0.02617.
How much PLACE can I buy for 1 NGN?
Based on the current exchange rate, you can get 38.22 PLACE for 1 NGN.
How do I calculate or convert PLACE to NGN?
You can use our PLACE to NGN calculator at the top of this page to convert any amount of PLACE to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 191.08 PLACE, while 5 PLACE will cost around 0.1308NGN.
What is the highest price of PLACE/NGN in history?
The all-time high price of 1 PLACE in NGN is ₦403.29. It remains to be seen if the value of 1 PLACE/NGN will exceed the current all-time high.
What is the price trend of PlaceWar in NGN?
Over the past 7 days, the exchange rate of PlaceWar (PLACE) has gone down by 58.39%.   Over the last month, the exchange rate of PlaceWar (PLACE) has gone down by 73.50% against Nigerian Naira (NGN).

What factors influence the conversion rate of PLACE to NGN?

There are many factors that affect the relationship between PlaceWar 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 PLACE/NGN. When there is positive news in the market about the widespread adoption of PLACE or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PLACE/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PLACE/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 PLACE/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 PlaceWar 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 PlaceWar currency pairs: PLACE to US Dollar (USD), PLACE to Euro (EUR), PLACE to Pound Sterling (GBP), PLACE to Canadian Dollar (CAD), PLACE to Indian Rupee (INR), PLACE to Pakistani Rupee (PKR), PLACE to Brazilian Real (BRL), PLACE to…
The price of PlaceWar in the US is $0.{4}1751 USD. Additionally, PlaceWar’s price is €0.{4}1490 EUR in the eurozone, £0.{4}1300 GBP in the UK, C$0.{4}2411 CAD in Canada, ₹0.001542 INR in India, ₨0.004970 PKR in Pakistan, R$0.{4}9311 BRL in Brazil, and more.
The most popular PlaceWar currency pair is the PLACE to Nigerian Naira(NGN). The price of 1 PlaceWar (PLACE) in Nigerian Naira (NGN) is ₦0.02617.

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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.