Currency.Wiki
Updated 9 minutes ago
 JEP =
    NGN
 Jersey Pound =  Nigerian Nairas
Trending: £ exchange rates for the last 24 hours
  • JEP/USD 1.241500 -0.06693945
  • JEP/EUR 1.204846 0.01256978
  • JEP/JPY 195.101869 1.28084543
  • JEP/GBP 1.000000 0.00000000
  • JEP/CHF 1.127663 0.00952314
  • JEP/MXN 25.624409 0.38373054
  • JEP/INR 106.479142 -3.38316416
  • JEP/BRL 7.675204 0.48480340
  • JEP/CNY 9.088528 -0.09671994

JEP/NGN exchange rate analysis over the past 90 days

Jersey Pound to Nigerian Naira exchange rate: Over the last 90 days, the Jersey Pound weakened by -10.45% against the Nigerian Naira, declining from ₦2,119.1491 to ₦1,918.7307 per Jersey Pound. This trend reflects the evolving economic dynamics between the Jersey and the Nigeria. Factors contributing to this weakening may include:

  • Trade Imbalances: Disparities in trade and investment between Jersey and Nigeria.
  • Regulatory Decisions: Policies or regulations affecting currency exchange or trade balance between Jersey and Nigeria.
  • Economic Challenges: Factors such as GDP contraction, rising unemployment, or increased inflation in the Jersey or Nigeria.
  • Global Pressures: External economic or geopolitical events that may unfavorably impact the Jersey relative to the Nigeria.

The foreign exchange market operates continuously, with currency values being influenced by a myriad of global economic, political, and financial occurrences.

£

Jersey Pound Currency

Country: Jersey

Symbol: £

ISO Code: JEP

Bank: Treasury and Resources Department, States of Jersey

Interesting fact about Jersey Pound

The Jersey Pound (JEP) is the legal currency of Jersey, a British Crown Dependency. Introduced in 1834, it replaced various currencies used in Jersey. The pound is equivalent in value to the British Pound (GBP) and is issued by the States of Jersey. It holds great significance as the primary medium of exchange on the island and plays a vital role in the local economy and daily transactions.

Nigerian Naira Currency

Country: Nigeria

Symbol:

ISO Code: NGN

Bank: Central Bank of Nigeria

Interesting fact about Nigerian Naira

The Nigerian Naira (NGN) is the official currency of Nigeria. It was introduced in 1973 to replace the pound. The Naira has faced significant challenges due to inflation, exchange rate fluctuations, and economic instability. Its value and stability are crucial for Nigeria's economy as it affects imports, exports, and the overall purchasing power of its citizens.

Quick Conversion Guide

Frequently Asked Questions

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The Jersey Pound to Nigerian Naira exchange rate is influenced by a variety of factors including economic data, political events, central bank decisions, market sentiment, and global financial news.
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Today conversion rate from 1 JEP to NGN is ₦1918.73.
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Yes, our site provides historical charts that show the trends and fluctuations in the Jersey Pound to Nigerian Naira exchange rate over different time periods.
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While it's impossible to predict rates with certainty, staying informed about market trends and economic forecasts can help you make educated guesses.
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The exchange rate can fluctuate frequently due to the forex market's high volatility. It can change multiple times within a single day.