Currency exchange rate Gold 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 Gold currency exchange rate against the Naira currency:
currency exchange rate history, background information, prediction and more about XAU/NGN
Chart of History of changes in the XAU/NGN exchange rate
XAU/NGN exchange rate on today
05 06, 2024
1 XAU = 2,993,520 NGN
▲ 1.34 %
This page provides information about the currency pair Gold/Naira, and more precisely about how much 1 Gold costs in Naira.
Data on the currency pair XAU/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 XAU/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 Gold/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 XAU/NGN exchange rate over the past 30 days
For the last 30 days (04 07, 2024 — 05 06, 2024) the Gold exchange rate against the Naira currency changed by 11.8% (2,677,575 NGN — 2,993,520 NGN)
Change in the XAU/NGN exchange rate over the past 90 days
For the last 90 days (02 07, 2024 — 05 06, 2024) the Gold exchange rate against the Naira currency changed by 12.47% (2,661,626 NGN — 2,993,520 NGN)
Change in the XAU/NGN exchange rate over the past 365 days
For the last 365 days (05 08, 2023 — 05 06, 2024) the Gold exchange rate against the Naira currency changed by 255.03% (843,169 NGN — 2,993,520 NGN)
Change in the XAU/NGN exchange rate for all time
For all the time our site has been running (04 10, 2020 — 05 06, 2024) the Gold exchange rate against the Naira currency changed by 4845723.76% (61.78 NGN — 2,993,520 NGN)
Gold/Naira price prediction
Gold/Naira price prediction for the next 30 days*
08/05 | 2,997,028 NGN | ▲ 0.12 % |
09/05 | 2,996,538 NGN | ▼ -0.02 % |
10/05 | 3,011,670 NGN | ▲ 0.5 % |
11/05 | 3,024,408 NGN | ▲ 0.42 % |
12/05 | 3,045,629 NGN | ▲ 0.7 % |
13/05 | 3,033,699 NGN | ▼ -0.39 % |
14/05 | 2,934,062 NGN | ▼ -3.28 % |
15/05 | 2,936,479 NGN | ▲ 0.08 % |
16/05 | 2,847,726 NGN | ▼ -3.02 % |
17/05 | 2,853,888 NGN | ▲ 0.22 % |
18/05 | 2,838,980 NGN | ▼ -0.52 % |
19/05 | 2,868,814 NGN | ▲ 1.05 % |
20/05 | 2,829,669 NGN | ▼ -1.36 % |
21/05 | 2,888,139 NGN | ▲ 2.07 % |
22/05 | 2,891,435 NGN | ▲ 0.11 % |
23/05 | 2,849,818 NGN | ▼ -1.44 % |
24/05 | 2,974,861 NGN | ▲ 4.39 % |
25/05 | 3,034,328 NGN | ▲ 2 % |
26/05 | 3,069,117 NGN | ▲ 1.15 % |
27/05 | 3,126,901 NGN | ▲ 1.88 % |
28/05 | 3,162,066 NGN | ▲ 1.12 % |
29/05 | 3,162,065 NGN | ▼ -0 % |
30/05 | 3,269,933 NGN | ▲ 3.41 % |
31/05 | 3,315,694 NGN | ▲ 1.4 % |
01/06 | 3,356,385 NGN | ▲ 1.23 % |
02/06 | 3,306,478 NGN | ▼ -1.49 % |
03/06 | 3,288,801 NGN | ▼ -0.53 % |
04/06 | 3,280,181 NGN | ▼ -0.26 % |
05/06 | 3,280,173 NGN | ▼ -0 % |
06/06 | 3,325,054 NGN | ▲ 1.37 % |
* — Price prediction of the Gold/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.
Gold/Naira price prediction for the next 3 months*
13/05 — 19/05 | 2,999,021 NGN | ▲ 0.18 % |
20/05 — 26/05 | 3,251,712 NGN | ▲ 8.43 % |
27/05 — 02/06 | 3,237,732 NGN | ▼ -0.43 % |
03/06 — 09/06 | 3,600,659 NGN | ▲ 11.21 % |
10/06 — 16/06 | 3,492,736 NGN | ▼ -3 % |
17/06 — 23/06 | 3,284,836 NGN | ▼ -5.95 % |
24/06 — 30/06 | 3,124,346 NGN | ▼ -4.89 % |
01/07 — 07/07 | 3,044,370 NGN | ▼ -2.56 % |
08/07 — 14/07 | 2,881,914 NGN | ▼ -5.34 % |
15/07 — 21/07 | 2,844,774 NGN | ▼ -1.29 % |
22/07 — 28/07 | 3,250,957 NGN | ▲ 14.28 % |
29/07 — 04/08 | 3,326,618 NGN | ▲ 2.33 % |
Gold/Naira price prediction for the next year*
06/2024 | 3,002,353 NGN | ▲ 0.3 % |
07/2024 | 3,031,402 NGN | ▲ 0.97 % |
08/2024 | 3,054,583 NGN | ▲ 0.76 % |
09/2024 | 3,037,252 NGN | ▼ -0.57 % |
10/2024 | 3,258,837 NGN | ▲ 7.3 % |
11/2024 | 3,284,899 NGN | ▲ 0.8 % |
12/2024 | 3,716,032 NGN | ▲ 13.12 % |
01/2025 | 5,359,211 NGN | ▲ 44.22 % |
02/2025 | 7,800,734 NGN | ▲ 45.56 % |
03/2025 | 7,187,405 NGN | ▼ -7.86 % |
04/2025 | 7,913,714 NGN | ▲ 10.11 % |
05/2025 | 7,874,058 NGN | ▼ -0.5 % |
Gold/Naira exchange rate statistics
For 30 days | |
---|---|
Minimum | 2,546,860 NGN |
Maximum | 3,018,397 NGN |
Weighted Average | 2,746,458 NGN |
For 90 days | |
Minimum | 2,546,860 NGN |
Maximum | 3,190,338 NGN |
Weighted Average | 2,867,388 NGN |
For 365 days | |
Minimum | 834,524 NGN |
Maximum | 3,190,338 NGN |
Weighted Average | 1,755,409 NGN |
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