Convert New Taiwan Dollar to Nigerian Naira
Please provide values below to convert New Taiwan Dollar [TWD] to Nigerian Naira [NGN], or Convert Nigerian Naira to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Nigerian Naira
1 TWD = 0.0191839971035529 NGN
Example: convert 15 TWD to NGN:
15 TWD = 15 × 0.0191839971035529 NGN = 0.287759956553293 NGN
New Taiwan Dollar to Nigerian Naira Conversion Table
| New Taiwan Dollar | Nigerian Naira |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.