Historical Exchange Rates
MAD to NGN Historical Exchange Rates
Review date-based historical exchange-rate data for Moroccan Dirham and Nigerian Naira. This page is designed for historical lookup, not current conversion.
Showing the 3M range. Providers may omit weekends, holidays or dates without published data.
Data source: Frankfurter | Rate date:
Historical Chart
MAD/NGN range data
1 MAD = 136.415533 NGN on
Monthly and annual reference summary
Calculated from available daily provider observations for 2026-10 and 2026.
| Date | Rate |
|---|---|
| 2026-09-29 | 1 MAD = 137.484471 NGN |
| 2026-09-30 | 1 MAD = 137.21754 NGN |
| 2026-10-01 | 1 MAD = 136.606748 NGN |
| 2026-10-02 | 1 MAD = 135.766788 NGN |
| 2026-10-05 | 1 MAD = 133.71035 NGN |
| 2026-10-06 | 1 MAD = 133.176643 NGN |
| 2026-10-07 | 1 MAD = 133.243509 NGN |
| 2026-10-08 | 1 MAD = 133.268843 NGN |
| 2026-10-09 | 1 MAD = 133.947681 NGN |
| 2026-10-12 | 1 MAD = 136.116256 NGN |
| 2026-10-13 | 1 MAD = 136.47229 NGN |
| 2026-10-14 | 1 MAD = 135.651483 NGN |
| 2026-10-15 | 1 MAD = 135.293639 NGN |
| 2026-10-16 | 1 MAD = 135.917286 NGN |
| 2026-10-19 | 1 MAD = 136.415533 NGN |
Historical trend summary
Observed changes in MAD/NGN
Across 64 provider observations from to , MAD/NGN finished below its first observation. The observed change was -6.99%.
The lowest observed rate was 1 MAD = 133.176643 NGN on . The highest was 1 MAD = 146.667022 NGN on . These statements describe the selected data only and are not a forecast.
Historical Context
Understanding MAD/NGN historical data
MAD/NGN records how many nigerian naira units one moroccan dirham represented at each provider publication. Both currencies are associated with Africa, but they remain separate monetary units with their own issuing and policy arrangements. The series can support dated price comparisons, cross-currency records and research into how the relationship changed over the selected period.
Observed movement can reflect relative inflation, economic activity, monetary-policy conditions, trade and demand for the two currencies. The monetary authorities responsible for each currency can operate under different policy frameworks. These are historical reference observations, not intraday transaction prices, forecasts or evidence that a single factor caused a particular change.
Exchange-rate information is provided for reference only and is not financial, trading or investment advice.
Source and calculation method
CurrencyHub preserves the requested date separately from the actual provider publication date. Monthly and annual averages are arithmetic means of available daily observations, and the month-end value is the final published observation in that calendar month. No missing weekend or holiday rate is invented or interpolated. Review the policy that applies to any accounting, tax or legal use.
Data interpretation note
These observations are reference rates for comparison and research, not bank execution prices. A requested weekend or holiday may have no publication because the provider follows its own release calendar; CurrencyHub identifies the actual published date instead of inventing or interpolating a value. Banks and payment services can use different processing dates, spreads and fees.