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MATES to NGN Converter and calculator

MATES/NGN: 1 MATES = 0.1582 NGN. The price of converting 1 MATES (MATES) to Nigerian Naira (NGN) is 0.1582 NGN today.
MATES
MATES
NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides MATES to NGN real-time exchange rates, making it easy to convert MATES (MATES) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 MATES is currently valued at 0.1582 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 MATES is currently valued at 0.1582 NGN, which means buying 5 MATES would cost 0.7911 NGN. Similarly, ₦1 NGN can be converted to 6.32 MATES, and ₦50 NGN can be converted to 31.6 MATES, excluding any platform or gas fees.

Convert MATES to NGN

Convert NGN to MATES

MATES
Nigerian Naira
1 MATES
0.1582  NGN
Exchange 1 MATES for 0.1582 NGN
2 MATES
0.3164  NGN
Exchange 2 MATES for 0.3164 NGN
5 MATES
0.7911  NGN
Exchange 5 MATES for 0.7911 NGN
10 MATES
1.58  NGN
Exchange 10 MATES for 1.58 NGN
20 MATES
3.16  NGN
Exchange 20 MATES for 3.16 NGN
50 MATES
7.91  NGN
Exchange 50 MATES for 7.91 NGN
100 MATES
15.82  NGN
Exchange 100 MATES for 15.82 NGN
200 MATES
31.64  NGN
Exchange 200 MATES for 31.64 NGN
500 MATES
79.11  NGN
Exchange 500 MATES for 79.11 NGN
1000 MATES
158.22  NGN
Exchange 1000 MATES for 158.22 NGN
5000 MATES
791.11  NGN
Exchange 5000 MATES for 791.11 NGN
10000 MATES
1,582.22  NGN
Exchange 10000 MATES for 1,582.22 NGN
In the table above, you'll find a comprehensive MATES to NGN converter that shows the value of MATES in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 MATES to NGN, all the way up to 10000 MATES, providing a clear view of their respective values.
Nigerian Naira
MATES
1 NGN
6.32 MATES
Exchange 1 NGN for 6.32 MATES
10 NGN
63.2 MATES
Exchange 10 NGN for 63.2 MATES
50 NGN
316.01 MATES
Exchange 50 NGN for 316.01 MATES
100 NGN
632.02 MATES
Exchange 100 NGN for 632.02 MATES
200 NGN
1,264.04 MATES
Exchange 200 NGN for 1,264.04 MATES
500 NGN
3,160.11 MATES
Exchange 500 NGN for 3,160.11 MATES
1000 NGN
6,320.22 MATES
Exchange 1000 NGN for 6,320.22 MATES
2000 NGN
12,640.45 MATES
Exchange 2000 NGN for 12,640.45 MATES
5000 NGN
31,601.12 MATES
Exchange 5000 NGN for 31,601.12 MATES
10000 NGN
63,202.23 MATES
Exchange 10000 NGN for 63,202.23 MATES
50000 NGN
316,011.17 MATES
Exchange 50000 NGN for 316,011.17 MATES
100000 NGN
632,022.33 MATES
Exchange 100000 NGN for 632,022.33 MATES
In the table above, you'll find a comprehensive NGN to MATES converter that shows the value of Nigerian Naira in MATES across commonly used conversion amounts. The list covers conversions from 1 NGN to MATES, all the way up to 100000 NGN, providing a clear view of their respective values.

MATES to NGN chart

MATES/NGN: 1 MATES = 0.1582 NGN; 2025/08/15 21:22:28
In the past 1D, MATES has changed +3.05% to NGN. Based on the trend and price charts, MATES(MATES) has changed +3.05% to NGN while Nigerian Naira(NGN) has changed % to MATES in the last 24 hours.
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MATES to NGN conversion data: Volatility and price changes of MATES in NGN

The highest MATES price in NGN over the past 7 days was 0.2059 NGN while the lowest MATES price in NGN over the past 7 days was 0.1439 NGN. The relative change between the highs and lows in MATES price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and MATES 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
0.1662 NGN
0.2059 NGN
0.2298 NGN
0.2777 NGN
Low
0.1521 NGN
0.1439 NGN
0.1160 NGN
0.1160 NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
+3.05%
-14.30%
-29.28%
-36.75%

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MATES information

MATES to NGN market statistics

MATES/NGN:
₦0.1582
MATES 24h volume:
₦7,496,668.76
MATES market cap:
--
MATES circulating supply:
0 MATES

Current MATES to NGN exchange rate

MATES to Nigerian Naira is falling this week.
MATES's current market price is ₦0.1582 per MATES, with a total market cap of ₦0 NGN based on a circulating supply of -- MATES. The trading volume of MATES has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, MATES's trading volume was ₦7,496,668.76.

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

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How to convert MATES to NGN

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MATES to NGN Conversion tables

The exchange rate of MATES is decreasing.
The exchange rate of 1 MATES to Nigerian Naira has changed by -14.30% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.05%, reaching a high of 0.1662 NGN and a low of 0.1521 NGN . One month ago, the value of 1 MATES was ₦0.2237 NGN , which represents a -29.28% change from its current value. Over the last year, MATES has changed by
+
0.1580NGN
, resulting in a change of -36.28% in its value.
24 hours ago1 month ago1 year ago
Amount 21:22 today 24 hours ago 24h change
0.5 MATES
₦0.07911₦0.07677
+3.05%
1 MATES
₦0.1582₦0.1535
+3.05%
5 MATES
₦0.7911₦0.7677
+3.05%
10 MATES
₦1.58₦1.54
+3.05%
50 MATES
₦7.91₦7.68
+3.05%
100 MATES
₦15.82₦15.35
+3.05%
500 MATES
₦79.11₦76.77
+3.05%
1000 MATES
₦158.22₦153.54
+3.05%

MATES to NGN FAQ

How much is 1 MATES in NGN?
Right now, the price of 1 MATES (MATES) in Nigerian Naira (NGN) is ₦0.1582.
How much MATES can I buy for 1 NGN?
Based on the current exchange rate, you can get 6.32 MATES for 1 NGN.
How do I calculate or convert MATES to NGN?
You can use our MATES to NGN calculator at the top of this page to convert any amount of MATES to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 31.6 MATES, while 5 MATES will cost around 0.7911NGN.
What is the highest price of MATES/NGN in history?
The all-time high price of 1 MATES in NGN is ₦19.54. It remains to be seen if the value of 1 MATES/NGN will exceed the current all-time high.
What is the price trend of MATES in NGN?
Over the past 7 days, the exchange rate of MATES (MATES) has gone down by 14.30%.   Over the last month, the exchange rate of MATES (MATES) has gone down by 29.28% against Nigerian Naira (NGN).

What factors influence the conversion rate of MATES to NGN?

There are many factors that affect the relationship between MATES 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 MATES/NGN. When there is positive news in the market about the widespread adoption of MATES or major technological breakthroughs, it tends to trigger market optimism and drive the rise of MATES/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in MATES/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 MATES/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 MATES 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 MATES currency pairs: MATES to US Dollar (USD), MATES to Euro (EUR), MATES to Pound Sterling (GBP), MATES to Canadian Dollar (CAD), MATES to Indian Rupee (INR), MATES to Pakistani Rupee (PKR), MATES to Brazilian Real (BRL), MATES to…
The price of MATES in the US is $0.0001031 USD. Additionally, MATES’s price is €0.{4}8810 EUR in the eurozone, £0.{4}7606 GBP in the UK, C$0.0001424 CAD in Canada, ₹0.009024 INR in India, ₨0.02910 PKR in Pakistan, R$0.0005568 BRL in Brazil, and more.
The most popular MATES currency pair is the MATES to Nigerian Naira(NGN). The price of 1 MATES (MATES) in Nigerian Naira (NGN) is ₦0.1582.

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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.