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OVATO to NGN Converter and calculator

OVATO/NGN: 1 OVATO = 953.68 NGN. The price of converting 1 Ovato (OVATO) to Nigerian Naira (NGN) is 953.68 NGN today.
OVATO
OVATO
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides OVATO to NGN real-time exchange rates, making it easy to convert Ovato (OVATO) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 OVATO is currently valued at 953.68 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 OVATO is currently valued at 953.68 NGN, which means buying 5 OVATO would cost 4768.42 NGN. Similarly, ₦1 NGN can be converted to 0.001049 OVATO, and ₦50 NGN can be converted to 0.005243 OVATO, excluding any platform or gas fees.

Convert OVATO to NGN

Convert NGN to OVATO

Ovato
Nigerian Naira
2 OVATO
1,907.37  NGN
5 OVATO
4,768.42  NGN
10 OVATO
9,536.83  NGN
20 OVATO
19,073.66  NGN
50 OVATO
47,684.15  NGN
100 OVATO
95,368.3  NGN
200 OVATO
190,736.61  NGN
500 OVATO
476,841.52  NGN
1000 OVATO
953,683.05  NGN
5000 OVATO
4,768,415.24  NGN
10000 OVATO
9,536,830.48  NGN
In the table above, you'll find a comprehensive OVATO to NGN converter that shows the value of Ovato in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 OVATO to NGN, all the way up to 10000 OVATO, providing a clear view of their respective values.
Nigerian Naira
Ovato
100000 NGN
104.86 OVATO
In the table above, you'll find a comprehensive NGN to OVATO converter that shows the value of Nigerian Naira in Ovato across commonly used conversion amounts. The list covers conversions from 1 NGN to OVATO, all the way up to 100000 NGN, providing a clear view of their respective values.

OVATO to NGN chart

OVATO/NGN: 1 OVATO = 953.68 NGN; 2025/04/30 21:27:45
In the past 1D, Ovato has changed +0.08% to NGN. Based on the trend and price charts, Ovato(OVATO) has changed +0.08% to NGN while Nigerian Naira(NGN) has changed % to OVATO in the last 24 hours.
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OVATO to NGN conversion data: Volatility and price changes of Ovato in NGN

The highest Ovato price in NGN over the past 7 days was 966.97 NGN while the lowest Ovato price in NGN over the past 7 days was 923 NGN. The relative change between the highs and lows in Ovato price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and OVATO to NGN prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
963.41 NGN
966.97 NGN
1,178 NGN
1,178 NGN
Low
939.08 NGN
923 NGN
882.34 NGN
704.18 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+0.08%
+1.00%
+4.41%
+35.13%

Ovato information

OVATO to NGN market statistics

OVATO/NGN:
₦953.68
OVATO 24h volume:
₦111,135,204.3
OVATO market cap:
--
OVATO circulating supply:
0 OVATO

Current OVATO to NGN exchange rate

Ovato to Nigerian Naira is rising this week.
Ovato's current market price is ₦953.68 per OVATO, with a total market cap of ₦0 NGN based on a circulating supply of -- OVATO. The trading volume of Ovato has changed by +12.07% (₦11,970,383.81 NGN) in the last 24 hours. Last trading day, OVATO's trading volume was ₦99,164,820.49.

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

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How to convert OVATO to NGN

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Convert OVATO to NGN
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Buy OVATO (or USDT) for NGN (Nigerian Naira) offers
Bitget P2P trading does not currently support direct buying of OVATO with NGN. However, you can buy USDT in Bitget P2P trading first, and then buy OVATO with USDT via Bitget spot market.
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OVATO to NGN Conversion tables

The exchange rate of Ovato is increasing.
The exchange rate of 1 OVATO to Nigerian Naira has changed by +1.00% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.08%, reaching a high of 963.41 NGN and a low of 939.08 NGN . One month ago, the value of 1 OVATO was ₦913.41 NGN , which represents a +4.41% change from its current value. Over the last year, Ovato has changed by
+
672.79NGN
, resulting in a change of +239.52% in its value.
24 hours ago1 month ago1 year ago
Amount21:27 today24 hours ago24h change
0.5 OVATO₦476.84₦476.45
+0.08%
1 OVATO₦953.68₦952.9
+0.08%
5 OVATO₦4,768.42₦4,764.51
+0.08%
10 OVATO₦9,536.83₦9,529.02
+0.08%
50 OVATO₦47,684.15₦47,645.12
+0.08%
100 OVATO₦95,368.3₦95,290.25
+0.08%
500 OVATO₦476,841.52₦476,451.23
+0.08%
1000 OVATO₦953,683.05₦952,902.46
+0.08%

OVATO to NGN FAQ

How much is 1 Ovato in NGN?
Right now, the price of 1 Ovato (OVATO) in Nigerian Naira (NGN) is ₦953.68.
How much OVATO can I buy for 1 NGN?
Based on the current exchange rate, you can get 0.001049 OVATO for 1 NGN.
How do I calculate or convert OVATO to NGN?
You can use our OVATO to NGN calculator at the top of this page to convert any amount of OVATO to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.005243 OVATO, while 5 OVATO will cost around 4,768.42NGN.
What is the highest price of OVATO/NGN in history?
The all-time high price of 1 OVATO in NGN is ₦14,846.79. It remains to be seen if the value of 1 OVATO/NGN will exceed the current all-time high.
What is the price trend of Ovato in NGN?
Over the past 7 days, the exchange rate of Ovato (OVATO) has gone up by 1.00%.   Over the last month, the exchange rate of Ovato (OVATO) has gone up by 4.41% against Nigerian Naira (NGN).

What factors influence the conversion rate of OVATO to NGN?

There are many factors that affect the relationship between Ovato 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 OVATO/NGN. When there is positive news in the market about the widespread adoption of OVATO or major technological breakthroughs, it tends to trigger market optimism and drive the rise of OVATO/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in OVATO/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 OVATO/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 Ovato and adjust their investment strategies accordingly in the evolving market.

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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.