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compute SUMMER_FI_COIN Bit to Nigerian Naira (SUMR to NGN)

SUMR to NGN Converter and calculator

SUMR/NGN: 1 SUMR = 0.5304 NGN. The price of converting 1 compute SUMMER_FI_COIN Bit (SUMR) to Nigerian Naira (NGN) is 0.5304 NGN today.
SUMR
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides SUMR to NGN real-time exchange rates, making it easy to convert compute SUMMER_FI_COIN Bit (SUMR) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 SUMR is currently valued at 0.5304 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 SUMR is currently valued at 0.5304 NGN, which means buying 5 SUMR would cost 2.65 NGN. Similarly, ₦1 NGN can be converted to 1.89 SUMR, and ₦50 NGN can be converted to 9.43 SUMR, excluding any platform or gas fees.

Convert SUMR to NGN

Convert NGN to SUMR

compute SUMMER_FI_COIN Bit
Nigerian Naira
1 SUMR
0.5304  NGN
Exchange 1 SUMR for 0.5304 NGN
2 SUMR
1.06  NGN
Exchange 2 SUMR for 1.06 NGN
5 SUMR
2.65  NGN
Exchange 5 SUMR for 2.65 NGN
10 SUMR
5.3  NGN
Exchange 10 SUMR for 5.3 NGN
20 SUMR
10.61  NGN
Exchange 20 SUMR for 10.61 NGN
50 SUMR
26.52  NGN
Exchange 50 SUMR for 26.52 NGN
100 SUMR
53.04  NGN
Exchange 100 SUMR for 53.04 NGN
200 SUMR
106.08  NGN
Exchange 200 SUMR for 106.08 NGN
500 SUMR
265.19  NGN
Exchange 500 SUMR for 265.19 NGN
1000 SUMR
530.39  NGN
Exchange 1000 SUMR for 530.39 NGN
5000 SUMR
2,651.94  NGN
Exchange 5000 SUMR for 2,651.94 NGN
10000 SUMR
5,303.88  NGN
Exchange 10000 SUMR for 5,303.88 NGN
In the table above, you'll find a comprehensive SUMR to NGN converter that shows the value of compute SUMMER_FI_COIN Bit in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 SUMR to NGN, all the way up to 10000 SUMR, providing a clear view of their respective values.
Nigerian Naira
compute SUMMER_FI_COIN Bit
1 NGN
1.89 SUMR
Exchange 1 NGN for 1.89 SUMR
10 NGN
18.85 SUMR
Exchange 10 NGN for 18.85 SUMR
50 NGN
94.27 SUMR
Exchange 50 NGN for 94.27 SUMR
100 NGN
188.54 SUMR
Exchange 100 NGN for 188.54 SUMR
200 NGN
377.08 SUMR
Exchange 200 NGN for 377.08 SUMR
500 NGN
942.71 SUMR
Exchange 500 NGN for 942.71 SUMR
1000 NGN
1,885.41 SUMR
Exchange 1000 NGN for 1,885.41 SUMR
2000 NGN
3,770.82 SUMR
Exchange 2000 NGN for 3,770.82 SUMR
5000 NGN
9,427.06 SUMR
Exchange 5000 NGN for 9,427.06 SUMR
10000 NGN
18,854.11 SUMR
Exchange 10000 NGN for 18,854.11 SUMR
50000 NGN
94,270.57 SUMR
Exchange 50000 NGN for 94,270.57 SUMR
100000 NGN
188,541.15 SUMR
Exchange 100000 NGN for 188,541.15 SUMR
In the table above, you'll find a comprehensive NGN to SUMR converter that shows the value of Nigerian Naira in compute SUMMER_FI_COIN Bit across commonly used conversion amounts. The list covers conversions from 1 NGN to SUMR, all the way up to 100000 NGN, providing a clear view of their respective values.

SUMR to NGN chart

SUMR/NGN: 1 SUMR = 0.5304 NGN; 2026/01/21 08:39:22
In the past 1D, compute SUMMER_FI_COIN Bit has changed +0.46% to NGN. Based on the trend and price charts, compute SUMMER_FI_COIN Bit(SUMR) has changed +0.46% to NGN while Nigerian Naira(NGN) has changed % to SUMR in the last 24 hours.
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SUMR to NGN conversion data: Volatility and price changes of compute SUMMER_FI_COIN Bit in NGN

The highest compute SUMMER_FI_COIN Bit price in NGN over the past 7 days was -- NGN while the lowest compute SUMMER_FI_COIN Bit price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in compute SUMMER_FI_COIN Bit price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and SUMR 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
0.5305 NGN
-- NGN
-- NGN
-- NGN
Low
0.3795 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.46%
--
--
--

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compute SUMMER_FI_COIN Bit information

SUMR to NGN market statistics

SUMR/NGN:
₦0.5304
SUMR 24h volume:
₦135,382,267,127.04
SUMR market cap:
₦530,388,169.98
SUMR circulating supply:
1000.00M SUMR

Current SUMR to NGN exchange rate

compute SUMMER_FI_COIN Bit to Nigerian Naira is falling this week.
compute SUMMER_FI_COIN Bit's current market price is ₦0.5304 per SUMR, with a total market cap of ₦530,388,169.98 NGN based on a circulating supply of 999,999,940 SUMR. The trading volume of compute SUMMER_FI_COIN Bit has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, SUMR's trading volume was ₦--.

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

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How to convert SUMR to NGN

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1 SUMR to ¥0.002602 CNY
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1 SUMR to $0.0003737 USD
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1 SUMR to AU$0.0005537 AUD
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1 SUMR to €0.0003190 EUR
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1 SUMR to C$0.0005171 CAD
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1 SUMR to ₦0.5304 NGN
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1 SUMR to ₩0.5490 KRW
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1 SUMR to ¥0.05901 JPY
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1 SUMR to £0.0002781 GBP
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1 SUMR to R$0.002009 BRL

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SUMR to NGN Conversion tables

The exchange rate of compute SUMMER_FI_COIN Bit is decreasing.
The exchange rate of 1 SUMR to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.46%, reaching a high of 0.5305 NGN and a low of 0.3795 NGN . One month ago, the value of 1 SUMR was ₦-- NGN , which represents a --% change from its current value. Over the last year, compute SUMMER_FI_COIN Bit has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 08:39 am today 24 hours ago 24h change
0.5 SUMR
₦0.2652₦--
+0.46%
1 SUMR
₦0.5304₦--
+0.46%
5 SUMR
₦2.65₦--
+0.46%
10 SUMR
₦5.3₦--
+0.46%
50 SUMR
₦26.52₦--
+0.46%
100 SUMR
₦53.04₦--
+0.46%
500 SUMR
₦265.19₦--
+0.46%
1000 SUMR
₦530.39₦--
+0.46%

SUMR to NGN FAQ

How much is 1 compute SUMMER_FI_COIN Bit in NGN?
Right now, the price of 1 compute SUMMER_FI_COIN Bit (SUMR) in Nigerian Naira (NGN) is ₦0.5304.
How much SUMR can I buy for 1 NGN?
Based on the current exchange rate, you can get 1.89 SUMR for 1 NGN.
How do I calculate or convert SUMR to NGN?
You can use our SUMR to NGN calculator at the top of this page to convert any amount of SUMR to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 9.43 SUMR, while 5 SUMR will cost around 2.65NGN.
What is the highest price of SUMR/NGN in history?
The all-time high price of 1 SUMR in NGN is --. It remains to be seen if the value of 1 SUMR/NGN will exceed the current all-time high.
What is the price trend of compute SUMMER_FI_COIN Bit in NGN?
Over the past 7 days, the exchange rate of compute SUMMER_FI_COIN Bit (SUMR) has gone down by --.   Over the last month, the exchange rate of compute SUMMER_FI_COIN Bit (SUMR) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of SUMR to NGN?

There are many factors that affect the relationship between compute SUMMER_FI_COIN Bit 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 SUMR/NGN. When there is positive news in the market about the widespread adoption of SUMR or major technological breakthroughs, it tends to trigger market optimism and drive the rise of SUMR/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in SUMR/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 SUMR/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 compute SUMMER_FI_COIN Bit 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 compute SUMMER_FI_COIN Bit currency pairs: SUMR to US Dollar (USD), SUMR to Euro (EUR), SUMR to Pound Sterling (GBP), SUMR to Canadian Dollar (CAD), SUMR to Indian Rupee (INR), SUMR to Pakistani Rupee (PKR), SUMR to Brazilian Real (BRL), SUMR to…
The price of compute SUMMER_FI_COIN Bit in the US is $0.0003737 USD. Additionally, compute SUMMER_FI_COIN Bit’s price is €0.0003190 EUR in the eurozone, £0.0002781 GBP in the UK, C$0.0005171 CAD in Canada, ₹0.03427 INR in India, ₨0.1046 PKR in Pakistan, R$0.002009 BRL in Brazil, and more.
The most popular compute SUMMER_FI_COIN Bit currency pair is the SUMR to Nigerian Naira(NGN). The price of 1 compute SUMMER_FI_COIN Bit (SUMR) in Nigerian Naira (NGN) is ₦0.5304.

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