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TRAXX to NGN Converter and calculator

TRAXX/NGN: 1 TRAXX = 0.3192 NGN. The price of converting 1 Traxx (TRAXX) to Nigerian Naira (NGN) is 0.3192 NGN today.
TRAXX
TRAXX
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides TRAXX to NGN real-time exchange rates, making it easy to convert Traxx (TRAXX) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 TRAXX is currently valued at 0.3192 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 TRAXX is currently valued at 0.3192 NGN, which means buying 5 TRAXX would cost 1.6 NGN. Similarly, ₦1 NGN can be converted to 3.13 TRAXX, and ₦50 NGN can be converted to 15.66 TRAXX, excluding any platform or gas fees.

Convert TRAXX to NGN

Convert NGN to TRAXX

Traxx
Nigerian Naira
1 TRAXX
0.3192  NGN
Exchange 1 TRAXX for 0.3192 NGN
2 TRAXX
0.6385  NGN
Exchange 2 TRAXX for 0.6385 NGN
5 TRAXX
1.6  NGN
Exchange 5 TRAXX for 1.6 NGN
10 TRAXX
3.19  NGN
Exchange 10 TRAXX for 3.19 NGN
20 TRAXX
6.38  NGN
Exchange 20 TRAXX for 6.38 NGN
50 TRAXX
15.96  NGN
Exchange 50 TRAXX for 15.96 NGN
100 TRAXX
31.92  NGN
Exchange 100 TRAXX for 31.92 NGN
200 TRAXX
63.85  NGN
Exchange 200 TRAXX for 63.85 NGN
500 TRAXX
159.62  NGN
Exchange 500 TRAXX for 159.62 NGN
1000 TRAXX
319.24  NGN
Exchange 1000 TRAXX for 319.24 NGN
5000 TRAXX
1,596.19  NGN
Exchange 5000 TRAXX for 1,596.19 NGN
10000 TRAXX
3,192.38  NGN
Exchange 10000 TRAXX for 3,192.38 NGN
In the table above, you'll find a comprehensive TRAXX to NGN converter that shows the value of Traxx in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 TRAXX to NGN, all the way up to 10000 TRAXX, providing a clear view of their respective values.
Nigerian Naira
Traxx
1 NGN
3.13 TRAXX
Exchange 1 NGN for 3.13 TRAXX
10 NGN
31.32 TRAXX
Exchange 10 NGN for 31.32 TRAXX
50 NGN
156.62 TRAXX
Exchange 50 NGN for 156.62 TRAXX
100 NGN
313.25 TRAXX
Exchange 100 NGN for 313.25 TRAXX
200 NGN
626.49 TRAXX
Exchange 200 NGN for 626.49 TRAXX
500 NGN
1,566.23 TRAXX
Exchange 500 NGN for 1,566.23 TRAXX
1000 NGN
3,132.46 TRAXX
Exchange 1000 NGN for 3,132.46 TRAXX
2000 NGN
6,264.93 TRAXX
Exchange 2000 NGN for 6,264.93 TRAXX
5000 NGN
15,662.31 TRAXX
Exchange 5000 NGN for 15,662.31 TRAXX
10000 NGN
31,324.63 TRAXX
Exchange 10000 NGN for 31,324.63 TRAXX
50000 NGN
156,623.14 TRAXX
Exchange 50000 NGN for 156,623.14 TRAXX
100000 NGN
313,246.29 TRAXX
Exchange 100000 NGN for 313,246.29 TRAXX
In the table above, you'll find a comprehensive NGN to TRAXX converter that shows the value of Nigerian Naira in Traxx across commonly used conversion amounts. The list covers conversions from 1 NGN to TRAXX, all the way up to 100000 NGN, providing a clear view of their respective values.

TRAXX to NGN chart

TRAXX/NGN: 1 TRAXX = 0.3192 NGN; 2025/11/16 02:04:31
In the past 1D, Traxx has changed -0.81% to NGN. Based on the trend and price charts, Traxx(TRAXX) has changed -0.81% to NGN while Nigerian Naira(NGN) has changed % to TRAXX in the last 24 hours.
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TRAXX to NGN conversion data: Volatility and price changes of Traxx in NGN

The highest Traxx price in NGN over the past 7 days was 0.3633 NGN while the lowest Traxx price in NGN over the past 7 days was 0.3054 NGN. The relative change between the highs and lows in Traxx price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and TRAXX 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
0.3337 NGN
0.3633 NGN
0.5436 NGN
1.56 NGN
Low
0.3128 NGN
0.3054 NGN
0.03548 NGN
0.03548 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
-0.81%
+4.07%
-38.83%
-78.03%

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

TRAXX to NGN market statistics

TRAXX/NGN:
₦0.3192
TRAXX 24h volume:
₦3,810,754.66
TRAXX market cap:
₦14,316,394.47
TRAXX circulating supply:
44.85M TRAXX

Current TRAXX to NGN exchange rate

Traxx to Nigerian Naira is rising this week.
Traxx's current market price is ₦0.3192 per TRAXX, with a total market cap of ₦14,316,394.47 NGN based on a circulating supply of 44,845,572 TRAXX. The trading volume of Traxx has changed by +7.47% (₦264,853.96 NGN) in the last 24 hours. Last trading day, TRAXX's trading volume was ₦3,545,900.7.

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

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How to convert TRAXX to NGN

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TRAXX to NGN Conversion tables

The exchange rate of Traxx is decreasing.
The exchange rate of 1 TRAXX to Nigerian Naira has changed by +4.07% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.81%, reaching a high of 0.3337 NGN and a low of 0.3128 NGN . One month ago, the value of 1 TRAXX was ₦0.5259 NGN , which represents a -38.83% change from its current value. Over the last year, Traxx has changed by
-
2.82NGN
, resulting in a change of -89.65% in its value.
24 hours ago1 month ago1 year ago
Amount 02:04 am today 24 hours ago 24h change
0.5 TRAXX
₦0.1596₦0.1610
-0.81%
1 TRAXX
₦0.3192₦0.3219
-0.81%
5 TRAXX
₦1.6₦1.61
-0.81%
10 TRAXX
₦3.19₦3.22
-0.81%
50 TRAXX
₦15.96₦16.1
-0.81%
100 TRAXX
₦31.92₦32.19
-0.81%
500 TRAXX
₦159.62₦160.95
-0.81%
1000 TRAXX
₦319.24₦321.91
-0.81%

TRAXX to NGN FAQ

How much is 1 Traxx in NGN?
Right now, the price of 1 Traxx (TRAXX) in Nigerian Naira (NGN) is ₦0.3192.
How much TRAXX can I buy for 1 NGN?
Based on the current exchange rate, you can get 3.13 TRAXX for 1 NGN.
How do I calculate or convert TRAXX to NGN?
You can use our TRAXX to NGN calculator at the top of this page to convert any amount of TRAXX to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 15.66 TRAXX, while 5 TRAXX will cost around 1.6NGN.
What is the highest price of TRAXX/NGN in history?
The all-time high price of 1 TRAXX in NGN is ₦352.37. It remains to be seen if the value of 1 TRAXX/NGN will exceed the current all-time high.
What is the price trend of Traxx in NGN?
Over the past 7 days, the exchange rate of Traxx (TRAXX) has gone up by 4.07%.   Over the last month, the exchange rate of Traxx (TRAXX) has gone down by 38.83% against Nigerian Naira (NGN).

What factors influence the conversion rate of TRAXX to NGN?

There are many factors that affect the relationship between Traxx 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 TRAXX/NGN. When there is positive news in the market about the widespread adoption of TRAXX or major technological breakthroughs, it tends to trigger market optimism and drive the rise of TRAXX/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in TRAXX/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 TRAXX/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 Traxx 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 Traxx currency pairs: TRAXX to US Dollar (USD), TRAXX to Euro (EUR), TRAXX to Pound Sterling (GBP), TRAXX to Canadian Dollar (CAD), TRAXX to Indian Rupee (INR), TRAXX to Pakistani Rupee (PKR), TRAXX to Brazilian Real (BRL), TRAXX to…
The price of Traxx in the US is $0.0002215 USD. Additionally, Traxx’s price is €0.0001906 EUR in the eurozone, £0.0001683 GBP in the UK, C$0.0003108 CAD in Canada, ₹0.01965 INR in India, ₨0.06258 PKR in Pakistan, R$0.001173 BRL in Brazil, and more.
The most popular Traxx currency pair is the TRAXX to Nigerian Naira(NGN). The price of 1 Traxx (TRAXX) in Nigerian Naira (NGN) is ₦0.3192.

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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.