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Dear Maduro Letter to Nigerian Naira (DML to NGN)

DML to NGN Converter and calculator

DML/NGN: 1 DML = 0.005546 NGN. The price of converting 1 Dear Maduro Letter (DML) to Nigerian Naira (NGN) is 0.005546 NGN today.
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NGN
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides DML to NGN real-time exchange rates, making it easy to convert Dear Maduro Letter (DML) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 DML is currently valued at 0.005546 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 DML is currently valued at 0.005546 NGN, which means buying 5 DML would cost 0.02773 NGN. Similarly, ₦1 NGN can be converted to 180.32 DML, and ₦50 NGN can be converted to 901.61 DML, excluding any platform or gas fees.

Convert DML to NGN

Convert NGN to DML

Dear Maduro Letter
Nigerian Naira
1 DML
0.005546  NGN
Exchange 1 DML for 0.005546 NGN
2 DML
0.01109  NGN
Exchange 2 DML for 0.01109 NGN
5 DML
0.02773  NGN
Exchange 5 DML for 0.02773 NGN
10 DML
0.05546  NGN
Exchange 10 DML for 0.05546 NGN
20 DML
0.1109  NGN
Exchange 20 DML for 0.1109 NGN
50 DML
0.2773  NGN
Exchange 50 DML for 0.2773 NGN
100 DML
0.5546  NGN
Exchange 100 DML for 0.5546 NGN
200 DML
1.11  NGN
Exchange 200 DML for 1.11 NGN
500 DML
2.77  NGN
Exchange 500 DML for 2.77 NGN
1000 DML
5.55  NGN
Exchange 1000 DML for 5.55 NGN
5000 DML
27.73  NGN
Exchange 5000 DML for 27.73 NGN
10000 DML
55.46  NGN
Exchange 10000 DML for 55.46 NGN
In the table above, you'll find a comprehensive DML to NGN converter that shows the value of Dear Maduro Letter in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 DML to NGN, all the way up to 10000 DML, providing a clear view of their respective values.
Nigerian Naira
Dear Maduro Letter
1 NGN
180.32 DML
Exchange 1 NGN for 180.32 DML
10 NGN
1,803.23 DML
Exchange 10 NGN for 1,803.23 DML
50 NGN
9,016.15 DML
Exchange 50 NGN for 9,016.15 DML
100 NGN
18,032.3 DML
Exchange 100 NGN for 18,032.3 DML
200 NGN
36,064.59 DML
Exchange 200 NGN for 36,064.59 DML
500 NGN
90,161.48 DML
Exchange 500 NGN for 90,161.48 DML
1000 NGN
180,322.95 DML
Exchange 1000 NGN for 180,322.95 DML
2000 NGN
360,645.91 DML
Exchange 2000 NGN for 360,645.91 DML
5000 NGN
901,614.77 DML
Exchange 5000 NGN for 901,614.77 DML
10000 NGN
1,803,229.54 DML
Exchange 10000 NGN for 1,803,229.54 DML
50000 NGN
9,016,147.71 DML
Exchange 50000 NGN for 9,016,147.71 DML
100000 NGN
18,032,295.42 DML
Exchange 100000 NGN for 18,032,295.42 DML
In the table above, you'll find a comprehensive NGN to DML converter that shows the value of Nigerian Naira in Dear Maduro Letter across commonly used conversion amounts. The list covers conversions from 1 NGN to DML, all the way up to 100000 NGN, providing a clear view of their respective values.

DML to NGN chart

DML/NGN: 1 DML = 0.005546 NGN; 2026/01/13 21:43:41
In the past 1D, Dear Maduro Letter has changed 0.00% to NGN. Based on the trend and price charts, Dear Maduro Letter(DML) has changed 0.00% to NGN while Nigerian Naira(NGN) has changed % to DML in the last 24 hours.
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DML to NGN conversion data: Volatility and price changes of Dear Maduro Letter in NGN

The highest Dear Maduro Letter price in NGN over the past 7 days was -- NGN while the lowest Dear Maduro Letter price in NGN over the past 7 days was -- NGN. The relative change between the highs and lows in Dear Maduro Letter price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and DML 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
0.005546 NGN
-- NGN
-- NGN
-- NGN
Low
0.005546 NGN
-- NGN
-- NGN
-- NGN
Average
0 NGN
0 NGN
0 NGN
0 NGN
Volatility
%
%
%
%
Change
--
--
--
--

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

DML to NGN market statistics

DML/NGN:
₦0.005546
DML 24h volume:
₦132.43
DML market cap:
₦5,541,754.13
DML circulating supply:
999.31M DML

Current DML to NGN exchange rate

Dear Maduro Letter to Nigerian Naira is falling this week.
Dear Maduro Letter's current market price is ₦0.005546 per DML, with a total market cap of ₦5,541,754.13 NGN based on a circulating supply of 999,305,500 DML. The trading volume of Dear Maduro Letter has changed by --% (₦-- NGN) in the last 24 hours. Last trading day, DML's trading volume was ₦--.

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

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How to convert DML to NGN

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DML to NGN Conversion tables

The exchange rate of Dear Maduro Letter is decreasing.
The exchange rate of 1 DML to Nigerian Naira has changed by --% in the last 7 days. In the last 24 hours, the rate has fluctuated by 0.00%, reaching a high of 0.005546 NGN and a low of 0.005546 NGN . One month ago, the value of 1 DML was ₦-- NGN , which represents a --% change from its current value. Over the last year, Dear Maduro Letter has changed by
-
--NGN
, resulting in a change of --% in its value.
24 hours ago1 month ago1 year ago
Amount 21:43 today 24 hours ago 24h change
0.5 DML
₦0.002773₦--
0.00%
1 DML
₦0.005546₦--
0.00%
5 DML
₦0.02773₦--
0.00%
10 DML
₦0.05546₦--
0.00%
50 DML
₦0.2773₦--
0.00%
100 DML
₦0.5546₦--
0.00%
500 DML
₦2.77₦--
0.00%
1000 DML
₦5.55₦--
0.00%

DML to NGN FAQ

How much is 1 Dear Maduro Letter in NGN?
Right now, the price of 1 Dear Maduro Letter (DML) in Nigerian Naira (NGN) is ₦0.005546.
How much DML can I buy for 1 NGN?
Based on the current exchange rate, you can get 180.32 DML for 1 NGN.
How do I calculate or convert DML to NGN?
You can use our DML to NGN calculator at the top of this page to convert any amount of DML to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 901.61 DML, while 5 DML will cost around 0.02773NGN.
What is the highest price of DML/NGN in history?
The all-time high price of 1 DML in NGN is --. It remains to be seen if the value of 1 DML/NGN will exceed the current all-time high.
What is the price trend of Dear Maduro Letter in NGN?
Over the past 7 days, the exchange rate of Dear Maduro Letter (DML) has gone down by --.   Over the last month, the exchange rate of Dear Maduro Letter (DML) has gone down by -- against Nigerian Naira (NGN).

What factors influence the conversion rate of DML to NGN?

There are many factors that affect the relationship between Dear Maduro Letter 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 DML/NGN. When there is positive news in the market about the widespread adoption of DML or major technological breakthroughs, it tends to trigger market optimism and drive the rise of DML/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in DML/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 DML/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 Dear Maduro Letter 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 Dear Maduro Letter currency pairs: DML to US Dollar (USD), DML to Euro (EUR), DML to Pound Sterling (GBP), DML to Canadian Dollar (CAD), DML to Indian Rupee (INR), DML to Pakistani Rupee (PKR), DML to Brazilian Real (BRL), DML to…
The price of Dear Maduro Letter in the US is $0.₹0.00035183897 USD. Additionally, Dear Maduro Letter’s price is €0.{5}3345 EUR in the eurozone, £0.{5}2901 GBP in the UK, C$0.{5}5411 CAD in Canada, {5} INR in India, ₨0.001091 PKR in Pakistan, R$0.{4}2095 BRL in Brazil, and more.
The most popular Dear Maduro Letter currency pair is the DML to Nigerian Naira(NGN). The price of 1 Dear Maduro Letter (DML) in Nigerian Naira (NGN) is ₦0.005546.

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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.
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