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Posted by
Felix Okoli on Friday September 9, 2011 at 13:34:7:
The Naira is the local and official currency for the federal republic of Nigeria and if you are interested in getting details about other currencies relative to the naira, you would need to know the exchange rate.
It can be hard keeping abreast of the current exchange rates for two currencies so the best way to do this is by using an online exchange rate service provider and there are a lot of them but I prefer using Oanda's.
The most popular currencies which are frequently converted to Naira and vice versa are the Dollar, Euro and British Pounds.
If you want to know the approximate value of a foreign currency relative to the Nigerian Naira, one easy way to do so is by making use of online currency converter websites and a good example is at www.oanda.com/currency.converter
Using the Online currency converter to know exchange rate and valueThe image attached above was taken as at the date of this post using screen capture chrome plugin. What you need to do to start using the converter is by going to the web address provided then:
- On the left, select the currency you want to convert from such as US dollar or Euro
- Enter the quantity on the amount box below
- On the right select the country you want to convert to such as Nigerian naira
- Leave the amount box on the right blank as it will show the value automatically
Note: The website uses javascript so make sure you have not disabled javascrip on your browser if you want to use it.
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