Bitget converter provides PHY to NGN real-time exchange rates, making it easy to convert DePHY Network (PHY) to Nigerian Naira (NGN). The conversion result is based on real-time data. The conversion result shows that 1 PHY is currently valued at 117.92 NGN. Since crypto prices can change rapidly, we recommend checking back for the conversion result.

1 PHY is currently valued at 117.92 NGN, which means buying 5 PHY would cost 589.59 NGN. Similarly, ₦1 NGN can be converted to 0.008481 PHY, and ₦50 NGN can be converted to 0.04240 PHY, excluding any platform or gas fees.

Convert PHY to NGN

Convert NGN to PHY

DePHY Network

Nigerian Naira

1 PHY

117.92 NGN

Exchange 1 PHY for 117.92 NGN

2 PHY

235.84 NGN

Exchange 2 PHY for 235.84 NGN

5 PHY

589.59 NGN

Exchange 5 PHY for 589.59 NGN

10 PHY

1,179.18 NGN

Exchange 10 PHY for 1,179.18 NGN

20 PHY

2,358.35 NGN

Exchange 20 PHY for 2,358.35 NGN

50 PHY

5,895.88 NGN

Exchange 50 PHY for 5,895.88 NGN

100 PHY

11,791.75 NGN

Exchange 100 PHY for 11,791.75 NGN

200 PHY

23,583.51 NGN

Exchange 200 PHY for 23,583.51 NGN

500 PHY

58,958.76 NGN

Exchange 500 PHY for 58,958.76 NGN

1000 PHY

117,917.53 NGN

Exchange 1000 PHY for 117,917.53 NGN

5000 PHY

589,587.65 NGN

Exchange 5000 PHY for 589,587.65 NGN

10000 PHY

1,179,175.3 NGN

Exchange 10000 PHY for 1,179,175.3 NGN

In the table above, you'll find a comprehensive PHY to NGN converter that shows the value of DePHY Network in Nigerian Naira across commonly used conversion amounts. The list covers conversions from 1 PHY to NGN, all the way up to 10000 PHY, providing a clear view of their respective values.

Nigerian Naira

DePHY Network

1 NGN

0.008481 PHY

Exchange 1 NGN for 0.008481 PHY

10 NGN

0.08481 PHY

Exchange 10 NGN for 0.08481 PHY

50 NGN

0.4240 PHY

Exchange 50 NGN for 0.4240 PHY

100 NGN

0.8481 PHY

Exchange 100 NGN for 0.8481 PHY

200 NGN

1.7 PHY

Exchange 200 NGN for 1.7 PHY

500 NGN

4.24 PHY

Exchange 500 NGN for 4.24 PHY

1000 NGN

8.48 PHY

Exchange 1000 NGN for 8.48 PHY

2000 NGN

16.96 PHY

Exchange 2000 NGN for 16.96 PHY

5000 NGN

42.4 PHY

Exchange 5000 NGN for 42.4 PHY

10000 NGN

84.81 PHY

Exchange 10000 NGN for 84.81 PHY

50000 NGN

424.03 PHY

Exchange 50000 NGN for 424.03 PHY

100000 NGN

848.05 PHY

Exchange 100000 NGN for 848.05 PHY

In the table above, you'll find a comprehensive NGN to PHY converter that shows the value of Nigerian Naira in DePHY Network across commonly used conversion amounts. The list covers conversions from 1 NGN to PHY, all the way up to 100000 NGN, providing a clear view of their respective values.

PHY to NGN chart

PHY/NGN: 1 PHY = 117.92 NGN; 2025/07/27 05:15:59

In the past 1D, DePHY Network has changed +4.72% to NGN. Based on the trend and price charts, DePHY Network(PHY) has changed +4.72% to NGN while Nigerian Naira(NGN) has changed % to PHY in the last 24 hours.

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PHY to NGN conversion data: Volatility and price changes of DePHY Network in NGN

The highest DePHY Network price in NGN over the past 7 days was 160.45 NGN while the lowest DePHY Network price in NGN over the past 7 days was 64.66 NGN. The relative change between the highs and lows in DePHY Network price in NGN over the last 7 days indicates a volatility of %. You can view additional volatility data and PHY 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	160.45 NGN	160.45 NGN	160.45 NGN	160.45 NGN
Low	64.66 NGN	64.66 NGN	64.66 NGN	64.66 NGN
Average	0 NGN	0 NGN	0 NGN	0 NGN
Volatility	%	%	%	%
Change	+4.72%	+4.72%	+4.19%	-5.30%

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DePHY Network information

PHY to NGN market statistics

PHY/NGN:

₦117.92

PHY 24h volume:

₦267,212,685,461.46

PHY market cap:

₦8,524,552,859.93

PHY circulating supply:

72.29M PHY

Current PHY to NGN exchange rate

DePHY Network to Nigerian Naira is rising this week.

DePHY Network's current market price is ₦117.92 per PHY, with a total market cap of ₦8,524,552,859.93 NGN based on a circulating supply of 72,292,500 PHY. The trading volume of DePHY Network has changed by 0.00% (₦0 NGN) in the last 24 hours. Last trading day, PHY's trading volume was ₦267,212,685,461.46.

More info about DePHY Network on Bitget

DePHY Network price DePHY Network Price Prediction What is DePHY Network (PHY)DePHY Network profit calculator

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 DePHY Network currency pair is the PHY to NGN, with for DePHY Network's currency code being PHY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for NGN.

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How to convert PHY to NGN

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1 PHY to NT$2.28 TWD

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1 PHY to ¥0.5532 CNY

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1 PHY to $0.07720 USD

PHY to EUR

1 PHY to €0.06572 EUR

PHY to CAD

1 PHY to C$0.1057 CAD

1 PHY to ₦117.92 NGN

1 PHY to ₩106.8 KRW

1 PHY to ¥11.4 JPY

1 PHY to £0.05747 GBP

PHY to BRL

1 PHY to R$0.4296 BRL

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1 SPA to ₦25.26 NGN

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1 REKT to ₦0.001599 NGN

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PHY to NGN Conversion tables

The exchange rate of DePHY Network is increasing.

The exchange rate of 1 PHY to Nigerian Naira has changed by +4.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +4.72%, reaching a high of 160.45 NGN and a low of 64.66 NGN . One month ago, the value of 1 PHY was ₦0 NGN , which represents a +4.19% change from its current value. Over the last year, DePHY Network has changed by

+₦

117.92NGN

, resulting in a change of 0.00% in its value.

24 hours ago1 month ago1 year ago

Amount	05:15 am today	24 hours ago	24h change
0.5 PHY	₦58.96	₦0	+4.72%
1 PHY	₦117.92	₦0	+4.72%
5 PHY	₦589.59	₦0	+4.72%
10 PHY	₦1,179.18	₦0	+4.72%
50 PHY	₦5,895.88	₦0	+4.72%
100 PHY	₦11,791.75	₦0	+4.72%
500 PHY	₦58,958.76	₦0	+4.72%
1000 PHY	₦117,917.53	₦0	+4.72%

PHY to NGN FAQ

How much is 1 DePHY Network in NGN?

Right now, the price of 1 DePHY Network (PHY) in Nigerian Naira (NGN) is ₦117.92.

How much PHY can I buy for 1 NGN?

Based on the current exchange rate, you can get 0.008481 PHY for 1 NGN.

How do I calculate or convert PHY to NGN?

You can use our PHY to NGN calculator at the top of this page to convert any amount of PHY to NGN. We've also included quick-reference tables for the most popular conversions. For example, 5 NGN is equivalent to 0.04240 PHY, while 5 PHY will cost around 589.59NGN.

What is the highest price of PHY/NGN in history?

The all-time high price of 1 PHY in NGN is ₦160.45. It remains to be seen if the value of 1 PHY/NGN will exceed the current all-time high.

What is the price trend of DePHY Network in NGN?

Over the past 7 days, the exchange rate of DePHY Network (PHY) has gone up by 4.72%. Over the last month, the exchange rate of DePHY Network (PHY) has gone up by 4.19% against Nigerian Naira (NGN).

What factors influence the conversion rate of PHY to NGN?

There are many factors that affect the relationship between DePHY Network 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 PHY/NGN. When there is positive news in the market about the widespread adoption of PHY or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PHY/NGN. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PHY/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 PHY/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 DePHY Network and adjust their investment strategies accordingly in the evolving market.

Popular exchange rates — Crypto-to-Fiat converter

	USD	EUR	CAD	PKR	INR	GBP	BRL
BTC	$118,242.76	€100,660.06	C$161,957.11	₨33,534,285.25	₹10,228,743.67	£88,019.91	R$657,973.66
ETH	$3,789.63	€3,226.11	C$5,190.66	₨1,074,759.65	₹327,826.9	£2,821	R$21,087.78
XRP	$3.21	€2.73	C$4.4	₨910.78	₹277.81	£2.39	R$17.87
SOL	$187.54	€159.65	C$256.87	₨53,187.15	₹16,223.33	£139.6	R$1,043.58
PI	$0.4421	€0.3764	C$0.6056	₨125.39	₹38.25	£0.3291	R$2.46
TRUMP	$10.26	€8.73	C$14.05	₨2,909.56	₹887.48	£7.64	R$57.09
DOGE	$0.2418	€0.2059	C$0.3312	₨68.59	₹20.92	£0.1800	R$1.35
SHIB	$0.{4}1412	€0.{4}1202	C$0.{4}1934	₨0.004005	₹0.001222	£0.{4}1051	R$0.{4}7858
PEPE	$0.{4}1264	€0.{4}1076	C$0.{4}1731	₨0.003585	₹0.001093	£0.{5}9409	R$0.{4}7034
XLM	$0.4474	€0.3809	C$0.6128	₨126.89	₹38.7	£0.3330	R$2.49
LUNA	$0.1744	€0.1485	C$0.2388	₨49.46	₹15.09	£0.1298	R$0.9704
XCN	$0.01625	€0.01384	C$0.02226	₨4.61	₹1.41	£0.01210	R$0.09045

Bitget crypto-to-fiat exchange data shows the popular DePHY Network currency pairs: PHY to US Dollar (USD), PHY to Euro (EUR), PHY to Pound Sterling (GBP), PHY to Canadian Dollar (CAD), PHY to Indian Rupee (INR), PHY to Pakistani Rupee (PKR), PHY to Brazilian Real (BRL), PHY to…
The price of DePHY Network in the US is $0.07720 USD. Additionally, DePHY Network’s price is €0.06572 EUR in the eurozone, £0.05747 GBP in the UK, C$0.1057 CAD in Canada, ₹6.68 INR in India, ₨21.9 PKR in Pakistan, R$0.4296 BRL in Brazil, and more.
The most popular DePHY Network currency pair is the PHY to Nigerian Naira(NGN). The price of 1 DePHY Network (PHY) in Nigerian Naira (NGN) is ₦117.92.

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