Currency exchange rate Nakfa against the Naira. Chart, history price and prediction on tomorrow, next month, 2024 year
On this page, you can always find detailed information about the Nakfa currency exchange rate against the Naira currency:
currency exchange rate history, background information, prediction and more about ERN/NGN
Chart of History of changes in the ERN/NGN exchange rate
ERN/NGN exchange rate on today
06 04, 2024
1 ERN = 5,795 NGN
▼ -0.56 %
This page provides information about the currency pair Nakfa/Naira, and more precisely about how much 1 Nakfa costs in Naira.
Data on the currency pair ERN/NGN are presented by the world's leading exchanges and Central banks of the countries that issue these currencies. We constantly update this data so that you get only the most up-to-date information about the currency pair ERN/NGN and make a balanced decision about buying and selling the currency you are interested in.
The page also provides information about the dynamics of the exchange rate of Nakfa/Naira, statistics and prediction of the exchange rate of these currencies in the near future from our experts.
How to make a forecast for currencies and cryptocurrencies?
There are several approaches to forecasting the exchange rate of currencies and cryptocurrencies:
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Fundamental analysis: This approach involves analyzing economic and financial data to determine the intrinsic value of a currency or cryptocurrency. This can include factors such as interest rates, inflation rates, economic growth, political stability, and fiscal policy. Based on this analysis, investors can make predictions about the future exchange rate.
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Technical analysis: This approach involves analyzing past market data, such as price and volume, to identify patterns and trends that can be used to predict future market movements. Technical analysis can be used to identify support and resistance levels, momentum indicators, and other factors that can influence the exchange rate.
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Sentiment analysis: This approach involves analyzing market sentiment and investor behavior to predict future market movements. Sentiment analysis can include monitoring social media, news articles, and other sources of market sentiment to gauge investor sentiment and predict market movements.
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Machine learning: This approach involves using statistical models and machine learning algorithms to analyze vast amounts of market data and make predictions about future market movements. Machine learning can be used to identify patterns and relationships in market data that might not be visible to the human eye.
In summary, there are several approaches to forecasting the exchange rate of currencies and cryptocurrencies, including fundamental analysis, technical analysis, sentiment analysis, and machine learning. Each approach has its strengths and weaknesses, and investors may use a combination of approaches to make more accurate predictions about future market movements.
Change in the ERN/NGN exchange rate over the past 30 days
For the last 30 days (05 06, 2024 — 06 04, 2024) the Nakfa exchange rate against the Naira currency changed by -6.97% (6,230 NGN — 5,795 NGN)
Change in the ERN/NGN exchange rate over the past 90 days
For the last 90 days (03 07, 2024 — 06 04, 2024) the Nakfa exchange rate against the Naira currency changed by -7.89% (6,292 NGN — 5,795 NGN)
Change in the ERN/NGN exchange rate over the past 365 days
For the last 365 days (06 06, 2023 — 06 04, 2024) the Nakfa exchange rate against the Naira currency changed by 599.2% (828.86 NGN — 5,795 NGN)
Change in the ERN/NGN exchange rate for all time
For all the time our site has been running (04 10, 2020 — 06 04, 2024) the Nakfa exchange rate against the Naira currency changed by 23586.73% (24.47 NGN — 5,795 NGN)
Nakfa/Naira price prediction
Nakfa/Naira price prediction for the next 30 days*
05/06 | 6,118 NGN | ▲ 5.57 % |
06/06 | 7,201 NGN | ▲ 17.7 % |
07/06 | 7,115 NGN | ▼ -1.19 % |
08/06 | 6,645 NGN | ▼ -6.6 % |
09/06 | 6,702 NGN | ▲ 0.85 % |
10/06 | 6,577 NGN | ▼ -1.87 % |
11/06 | 6,487 NGN | ▼ -1.37 % |
12/06 | 6,372 NGN | ▼ -1.78 % |
13/06 | 6,026 NGN | ▼ -5.42 % |
14/06 | 6,078 NGN | ▲ 0.86 % |
15/06 | 6,601 NGN | ▲ 8.6 % |
16/06 | 6,650 NGN | ▲ 0.75 % |
17/06 | 6,606 NGN | ▼ -0.67 % |
18/06 | 6,459 NGN | ▼ -2.22 % |
19/06 | 6,846 NGN | ▲ 5.98 % |
20/06 | 6,852 NGN | ▲ 0.09 % |
21/06 | 6,604 NGN | ▼ -3.62 % |
22/06 | 6,378 NGN | ▼ -3.42 % |
23/06 | 6,584 NGN | ▲ 3.23 % |
24/06 | 6,760 NGN | ▲ 2.67 % |
25/06 | 6,865 NGN | ▲ 1.56 % |
26/06 | 6,814 NGN | ▼ -0.74 % |
27/06 | 6,241 NGN | ▼ -8.41 % |
28/06 | 6,018 NGN | ▼ -3.58 % |
29/06 | 5,799 NGN | ▼ -3.63 % |
30/06 | 5,976 NGN | ▲ 3.04 % |
01/07 | 6,329 NGN | ▲ 5.92 % |
02/07 | 5,829 NGN | ▼ -7.91 % |
03/07 | 5,703 NGN | ▼ -2.15 % |
04/07 | 7,508 NGN | ▲ 31.65 % |
* — Price prediction of the Nakfa/Naira currency pair are compiled by our specialists based on statistical data, global trends and major business news. Price prediction for 30 days, 3 months, and a year are made by different experts and may have slight differences.
Nakfa/Naira price prediction for the next 3 months*
10/06 — 16/06 | 5,608 NGN | ▼ -3.23 % |
17/06 — 23/06 | 4,153 NGN | ▼ -25.95 % |
24/06 — 30/06 | 4,317 NGN | ▲ 3.95 % |
01/07 — 07/07 | 2,370 NGN | ▼ -45.09 % |
08/07 — 14/07 | 2,558 NGN | ▲ 7.89 % |
15/07 — 21/07 | 2,448 NGN | ▼ -4.29 % |
22/07 — 28/07 | 2,768 NGN | ▲ 13.1 % |
29/07 — 04/08 | 2,871 NGN | ▲ 3.69 % |
05/08 — 11/08 | 2,992 NGN | ▲ 4.24 % |
12/08 — 18/08 | 2,935 NGN | ▼ -1.93 % |
19/08 — 25/08 | 2,480 NGN | ▼ -15.5 % |
26/08 — 01/09 | 3,379 NGN | ▲ 36.28 % |
Nakfa/Naira price prediction for the next year*
07/2024 | 5,878 NGN | ▲ 1.42 % |
08/2024 | 4,310 NGN | ▼ -26.67 % |
09/2024 | 4,841 NGN | ▲ 12.32 % |
10/2024 | 4,985 NGN | ▲ 2.98 % |
11/2024 | 5,465 NGN | ▲ 9.62 % |
12/2024 | 8,005 NGN | ▲ 46.48 % |
12/2024 | 9,732 NGN | ▲ 21.58 % |
01/2025 | 19,218 NGN | ▲ 97.47 % |
03/2025 | 33,003 NGN | ▲ 71.73 % |
03/2025 | 20,367 NGN | ▼ -38.29 % |
04/2025 | 26,349 NGN | ▲ 29.37 % |
05/2025 | 34,582 NGN | ▲ 31.24 % |
Nakfa/Naira exchange rate statistics
For 30 days | |
---|---|
Minimum | 92.43 NGN |
Maximum | 8,183 NGN |
Weighted Average | 4,936 NGN |
For 90 days | |
Minimum | 76.73 NGN |
Maximum | 11,746 NGN |
Weighted Average | 5,510 NGN |
For 365 days | |
Minimum | 30.8 NGN |
Maximum | 11,746 NGN |
Weighted Average | 2,310 NGN |
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