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MCNEX to Nigerian Naira (MCN to NGN)

MCN to NGN Converter and calculator

MCN/NGN: 1 MCN = 0.3901 NGN. The price of converting 1 MCNEX (MCN) to Nigerian Naira (NGN) is 0.3901 NGN today.
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MCN
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MCN to NGN real-time exchange rates, making it easy to convert MCNEX (MCN) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 MCN is currently valued at 0.3901 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MCN is currently valued at 0.3901 NGN, which means buying 5 MCN would cost 1.95 NGN. Similarly, ₦1 NGN can be converted to 2.56 MCN, and ₦50 NGN can be converted to 12.82 MCN, excluding any platform or gas fees.

Convert MCN to NGN

Convert NGN to MCN

MCNEX
Nigerian Naira
1 MCN
0.3901  NGN
Exchange 1 MCN for 0.3901 NGN
2 MCN
0.7803  NGN
Exchange 2 MCN for 0.7803 NGN
5 MCN
1.95  NGN
Exchange 5 MCN for 1.95 NGN
10 MCN
3.9  NGN
Exchange 10 MCN for 3.9 NGN
20 MCN
7.8  NGN
Exchange 20 MCN for 7.8 NGN
50 MCN
19.51  NGN
Exchange 50 MCN for 19.51 NGN
100 MCN
39.01  NGN
Exchange 100 MCN for 39.01 NGN
200 MCN
78.03  NGN
Exchange 200 MCN for 78.03 NGN
500 MCN
195.07  NGN
Exchange 500 MCN for 195.07 NGN
1000 MCN
390.15  NGN
Exchange 1000 MCN for 390.15 NGN
5000 MCN
1,950.73  NGN
Exchange 5000 MCN for 1,950.73 NGN
10000 MCN
3,901.47  NGN
Exchange 10000 MCN for 3,901.47 NGN
In the table above, you'll find a comprehensive MCN to NGN converter that shows the value of MCNEX in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 MCN to NGN, all the way up to 10000 MCN, providing a clear view of their respective values.
Nigerian Naira
MCNEX
1 NGN
2.56 MCN
Exchange 1 NGN for 2.56 MCN
10 NGN
25.63 MCN
Exchange 10 NGN for 25.63 MCN
50 NGN
128.16 MCN
Exchange 50 NGN for 128.16 MCN
100 NGN
256.31 MCN
Exchange 100 NGN for 256.31 MCN
200 NGN
512.63 MCN
Exchange 200 NGN for 512.63 MCN
500 NGN
1,281.57 MCN
Exchange 500 NGN for 1,281.57 MCN
1000 NGN
2,563.14 MCN
Exchange 1000 NGN for 2,563.14 MCN
2000 NGN
5,126.27 MCN
Exchange 2000 NGN for 5,126.27 MCN
5000 NGN
12,815.68 MCN
Exchange 5000 NGN for 12,815.68 MCN
10000 NGN
25,631.37 MCN
Exchange 10000 NGN for 25,631.37 MCN
50000 NGN
128,156.85 MCN
Exchange 50000 NGN for 128,156.85 MCN
100000 NGN
256,313.7 MCN
Exchange 100000 NGN for 256,313.7 MCN
In the table above, you'll find a comprehensive NGN to MCN converter that shows the value of Nigerian Naira in MCNEX across commonly used conversion amounts. The list covers conversions from 1 NGN to MCN, all the way up to 100000 NGN, providing a clear view of their respective values.

MCN to NGN chart

MCN/NGN: 1 MCN = 0.3901 NGN; 2026/01/18 01:40:38
In the past 1D, MCNEX has changed +2.79% to NGN. Based on the trend and price charts, MCNEX(MCN) has changed +2.79% to NGN while Nigerian Naira(NGN) has changed % to MCN in the last 24 hours.
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MCN to NGN conversion data: Volatility and price changes of MCNEX in NGN

The highest MCNEX price in NGN over the past 7 days was -- NGN while the lowest MCNEX price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in MCNEX price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and MCN 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
0.4300 NGN
-- NGN
-- NGN
-- NGN
Low
0.1259 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+2.79%
--
--
--

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MCNEX information

MCN to NGN market statistics

MCN/NGN:
₦0.3901
MCN 24h volume:
₦10,266,148,806.72
MCN market cap:
₦390,146,935.32
MCN circulating supply:
1.00B MCN

Current MCN to NGN exchange rate

MCNEX to Nigerian Naira is falling this week.
MCNEX's current market price is ₦0.3901 per MCN, with a total market cap of ₦390,146,935.32 NGN based on a circulating supply of 1,000,000,000 MCN. The trading volume of MCNEX has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, MCN's trading volume was ₦--.

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

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How to convert MCN to NGN

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MCN to NGN Conversion tables

The exchange rate of MCNEX is decreasing.
The exchange rate of 1 MCN to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.79%, reaching a high of 0.4300 NGN and a low of 0.1259 NGN . One month ago, the value of 1 MCN was ₦-- NGN , which represents a --% change from its current value. Over the last year, MCNEX has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 01:40 am today 24 hours ago 24h change
0.5 MCN
₦0.1951₦--
+2.79%
1 MCN
₦0.3901₦--
+2.79%
5 MCN
₦1.95₦--
+2.79%
10 MCN
₦3.9₦--
+2.79%
50 MCN
₦19.51₦--
+2.79%
100 MCN
₦39.01₦--
+2.79%
500 MCN
₦195.07₦--
+2.79%
1000 MCN
₦390.15₦--
+2.79%

MCN to NGN FAQ

How much is 1 MCNEX in NGN?
Right now, the price of 1 MCNEX (MCN) in Nigerian Naira (NGN) is ₦0.3901.
How much MCN can I buy for 1 NGN?
Based on the current exchange rate, you can get 2.56 MCN for 1 NGN.
How do I calculate or convert MCN to NGN?
You can use our MCN to NGN calculator at the top of this page to convert any amount of MCN to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 12.82 MCN, while 5 MCN will cost around 1.95NGN.
What is the highest price of MCN/NGN in history?
The all-time high price of 1 MCN in NGN is --. It remains to be seen if the value of 1 MCN/NGN will exceed the current all-time high.
What is the price trend of MCNEX in NGN?
Over the past 7 days, the exchange rate of MCNEX (MCN) has gone down by --.   Over the last month, the exchange rate of MCNEX (MCN) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of MCN to NGN?

There are many factors that affect the relationship between MCNEX 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 MCN/NGN. When there is positive news in the market about the widespread adoption of MCN or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MCN/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MCN/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 MCN/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 MCNEX 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 MCNEX currency pairs: MCN to US Dollar (USD), MCN to Euro (EUR), MCN to Pound Sterling (GBP), MCN to Canadian Dollar (CAD), MCN to Indian Rupee (INR), MCN to Pakistani Rupee (PKR), MCN to Brazilian Real (BRL), MCN to…
The price of MCNEX in the US is $0.0002742 USD. Additionally, MCNEX’s price is €0.0002363 EUR in the eurozone, £0.0002049 GBP in the UK, C$0.0003818 CAD in Canada, ₹0.02492 INR in India, ₨0.07684 PKR in Pakistan, R$0.001473 BRL in Brazil, and more.
The most popular MCNEX currency pair is the MCN to Nigerian Naira(NGN). The price of 1 MCNEX (MCN) in Nigerian Naira (NGN) is ₦0.3901.

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