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SIMP to NGN Converter and calculator

SIMP/NGN: 1 SIMP = 0.01203 NGN. The price of converting 1 SimpCoin (SIMP) to Nigerian Naira (NGN) is 0.01203 NGN today.
SIMP
SIMP
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SIMP to NGN real-time exchange rates, making it easy to convert SimpCoin (SIMP) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 SIMP is currently valued at 0.01203 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SIMP is currently valued at 0.01203 NGN, which means buying 5 SIMP would cost 0.06017 NGN. Similarly, ₦1 NGN can be converted to 83.1 SIMP, and ₦50 NGN can be converted to 415.5 SIMP, excluding any platform or gas fees.

Convert SIMP to NGN

Convert NGN to SIMP

SimpCoin
Nigerian Naira
1 SIMP
0.01203  NGN
Exchange 1 SIMP for 0.01203 NGN
2 SIMP
0.02407  NGN
Exchange 2 SIMP for 0.02407 NGN
5 SIMP
0.06017  NGN
Exchange 5 SIMP for 0.06017 NGN
10 SIMP
0.1203  NGN
Exchange 10 SIMP for 0.1203 NGN
20 SIMP
0.2407  NGN
Exchange 20 SIMP for 0.2407 NGN
50 SIMP
0.6017  NGN
Exchange 50 SIMP for 0.6017 NGN
100 SIMP
1.2  NGN
Exchange 100 SIMP for 1.2 NGN
200 SIMP
2.41  NGN
Exchange 200 SIMP for 2.41 NGN
500 SIMP
6.02  NGN
Exchange 500 SIMP for 6.02 NGN
1000 SIMP
12.03  NGN
Exchange 1000 SIMP for 12.03 NGN
5000 SIMP
60.17  NGN
Exchange 5000 SIMP for 60.17 NGN
10000 SIMP
120.34  NGN
Exchange 10000 SIMP for 120.34 NGN
In the table above, you'll find a comprehensive SIMP to NGN converter that shows the value of SimpCoin in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 SIMP to NGN, all the way up to 10000 SIMP, providing a clear view of their respective values.
Nigerian Naira
SimpCoin
1 NGN
83.1 SIMP
Exchange 1 NGN for 83.1 SIMP
10 NGN
830.99 SIMP
Exchange 10 NGN for 830.99 SIMP
50 NGN
4,154.97 SIMP
Exchange 50 NGN for 4,154.97 SIMP
100 NGN
8,309.95 SIMP
Exchange 100 NGN for 8,309.95 SIMP
200 NGN
16,619.9 SIMP
Exchange 200 NGN for 16,619.9 SIMP
500 NGN
41,549.74 SIMP
Exchange 500 NGN for 41,549.74 SIMP
1000 NGN
83,099.48 SIMP
Exchange 1000 NGN for 83,099.48 SIMP
2000 NGN
166,198.96 SIMP
Exchange 2000 NGN for 166,198.96 SIMP
5000 NGN
415,497.4 SIMP
Exchange 5000 NGN for 415,497.4 SIMP
10000 NGN
830,994.81 SIMP
Exchange 10000 NGN for 830,994.81 SIMP
50000 NGN
4,154,974.03 SIMP
Exchange 50000 NGN for 4,154,974.03 SIMP
100000 NGN
8,309,948.07 SIMP
Exchange 100000 NGN for 8,309,948.07 SIMP
In the table above, you'll find a comprehensive NGN to SIMP converter that shows the value of Nigerian Naira in SimpCoin across commonly used conversion amounts. The list covers conversions from 1 NGN to SIMP, all the way up to 100000 NGN, providing a clear view of their respective values.

SIMP to NGN chart

SIMP/NGN: 1 SIMP = 0.01203 NGN; 2025/11/16 19:04:56
In the past 1D, SimpCoin has changed -0.05% to NGN. Based on the trend and price charts, SimpCoin(SIMP) has changed -0.05% to NGN while Nigerian Naira(NGN) has changed % to SIMP in the last 24 hours.
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SIMP to NGN conversion data: Volatility and price changes of SimpCoin in NGN

The highest SimpCoin price in NGN over the past 7 days was -- NGN while the lowest SimpCoin price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in SimpCoin price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and SIMP 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
0.01261 NGN
-- NGN
-- NGN
-- NGN
Low
0.01196 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.05%
--
--
--

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

SIMP to NGN market statistics

SIMP/NGN:
₦0.01203
SIMP 24h volume:
₦556,498.29
SIMP market cap:
₦12,029,214.28
SIMP circulating supply:
999.62M SIMP

Current SIMP to NGN exchange rate

SimpCoin to Nigerian Naira is falling this week.
SimpCoin's current market price is ₦0.01203 per SIMP, with a total market cap of ₦12,029,214.28 NGN based on a circulating supply of 999,621,400 SIMP. The trading volume of SimpCoin has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, SIMP's trading volume was ₦--.

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

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How to convert SIMP to NGN

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SIMP to NGN Conversion tables

The exchange rate of SimpCoin is decreasing.
The exchange rate of 1 SIMP to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.05%, reaching a high of 0.01261 NGN and a low of 0.01196 NGN . One month ago, the value of 1 SIMP was ₦-- NGN , which represents a --% change from its current value. Over the last year, SimpCoin has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 19:04 today 24 hours ago 24h change
0.5 SIMP
₦0.006017₦--
-0.05%
1 SIMP
₦0.01203₦--
-0.05%
5 SIMP
₦0.06017₦--
-0.05%
10 SIMP
₦0.1203₦--
-0.05%
50 SIMP
₦0.6017₦--
-0.05%
100 SIMP
₦1.2₦--
-0.05%
500 SIMP
₦6.02₦--
-0.05%
1000 SIMP
₦12.03₦--
-0.05%

SIMP to NGN FAQ

How much is 1 SimpCoin in NGN?
Right now, the price of 1 SimpCoin (SIMP) in Nigerian Naira (NGN) is ₦0.01203.
How much SIMP can I buy for 1 NGN?
Based on the current exchange rate, you can get 83.1 SIMP for 1 NGN.
How do I calculate or convert SIMP to NGN?
You can use our SIMP to NGN calculator at the top of this page to convert any amount of SIMP to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 415.5 SIMP, while 5 SIMP will cost around 0.06017NGN.
What is the highest price of SIMP/NGN in history?
The all-time high price of 1 SIMP in NGN is --. It remains to be seen if the value of 1 SIMP/NGN will exceed the current all-time high.
What is the price trend of SimpCoin in NGN?
Over the past 7 days, the exchange rate of SimpCoin (SIMP) has gone down by --.   Over the last month, the exchange rate of SimpCoin (SIMP) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of SIMP to NGN?

There are many factors that affect the relationship between SimpCoin 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 SIMP/NGN. When there is positive news in the market about the widespread adoption of SIMP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SIMP/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SIMP/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 SIMP/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 SimpCoin 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 SimpCoin currency pairs: SIMP to US Dollar (USD), SIMP to Euro (EUR), SIMP to Pound Sterling (GBP), SIMP to Canadian Dollar (CAD), SIMP to Indian Rupee (INR), SIMP to Pakistani Rupee (PKR), SIMP to Brazilian Real (BRL), SIMP to…
The price of SimpCoin in the US is $0.{5}8350 USD. Additionally, SimpCoin’s price is €0.{5}7183 EUR in the eurozone, £0.{5}6349 GBP in the UK, C$0.{4}1172 CAD in Canada, ₹0.0007405 INR in India, ₨0.002359 PKR in Pakistan, R$0.{4}4422 BRL in Brazil, and more.
The most popular SimpCoin currency pair is the SIMP to Nigerian Naira(NGN). The price of 1 SimpCoin (SIMP) in Nigerian Naira (NGN) is ₦0.01203.

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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.