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10000 NGN to BAM - Nigerian Naira to Bosnia-Herzegovina Convertible Mark Exchange Rate

NGN - Nigerian NairaDown Arrow
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BAM - Bosnia-Herzegovina Convertible MarkDown Arrow
Exchange Rate

NGN 10000 = BAM 12.5

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1 NGN = 0.00125 BAM | 1 BAM = 800 NGN

Last Updated Feb 14, 5:30 IST

NGN 10000 =BAM 12.5

1 NGN = 0.00125 BAM
1 BAM = 800 NGN
Convert
Last Updated Feb 14, 5:30 IST
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Our converter applies the mid-market rate. It is solely for informational purposes. The Rate might differ while transferring money.

1 NGN to BAM Exchange Rate Last 5 Days
Date
Bosnia-Herzegovina Convertible Mark Price
Feb 13, 2025
0.0012493978610334895
Feb 12, 2025
0.0012517969249895538
Feb 11, 2025
0.0012604396068029828
Feb 10, 2025
0.0012629824852128135
Feb 9, 2025
0.0012626276105865892

NGN to BAM Exchange Rate Chart

online1 NGN = 0.00125 BAM

  • 1 Week
  • 1 Month
  • 1 Year
Currency Information
NGN - Nigerian Naira
Our currency rankings show that the most popular Nigerian Naira exchange rate is the NGN to BAM rate. The currency code for Nigerian Naira is NGN. The currency symbol is .
More Nigerian Naira inforight-arrow
BAM - Bosnia-Herzegovina Convertible Mark
Our currency rankings show that the most popular Bosnia-Herzegovina Convertible Mark exchange rate is the BAM to NGN rate. The currency code for Bosnia-Herzegovina Convertible Mark is BAM. The currency symbol is KM.
More Bosnia-Herzegovina Convertible Mark inforight-arrow
1 Nigerian Naira to Bosnia-Herzegovina Convertible Mark stats
Last 30 Days
Last 90 Days
High
0.001
0.001
Low
0.001
0.001
Average
0.001
0.001
Volatility
0.00%
0.00%

How much is 10000 NGN in Bosnia-Herzegovina Convertible Mark

The exchange value of 10000 NGN in Bosnia-Herzegovina Convertible Mark is 12.500 BAM as on Feb 14.

How to check the exchange rate of 10000 NGN to BAM with Paytm

You can check the exchange rate of 10000 Nigerian Naira to Bosnia-Herzegovina Convertible Mark by using the Paytm currency exchange rate calculator.

All you need to do to see the exchange 10000 NGN to BAM online is as follows:.

  • Navigate to the Paytm currency calculator page.
  • Enter the amount 10000 in the Amount section and
  • Select the currency NGN - Nigerian Naira in the "From" section
  • Select BAM - Bosnia-Herzegovina Convertible Mark in "To" section
  • Finally, click "Convert" to see the 10000 NGN to BAM conversion amount.

Methods to Convert (NGN) to Bosnia-Herzegovina Convertible Mark (BAM) Online

There are several online ways to convert NGN to BAM.

1. Online Banks

Most banks in India allow NGN to BAM conversion through their internet banking or mobile apps.

Steps to Convert NGN to BAM via Online Banking:

  1. Log in to your bank account.
  2. Select "Forex Services" or "Currency Exchange."
  3. Enter the NGN amount you want to convert.
  4. Check the exchange rate.
  5. Confirm and complete the transaction.

Pros:

  • Safe and secure.
  • Money gets credited directly to your account.
  • No hidden fees.

Cons:

  • Banks may offer lower exchange rates.
  • The process can take a few hours to a few days.

2. International Money Transfer Apps

Apps like Wise, PayPal, and Western Union allow NGN to BAM conversion quickly.

Steps to Convert NGN to BAM via international money transfer apps:

  1. Create an account in any app and log in.
  2. Enter the NGN amount you want to convert.
  3. Choose BAM as the receiving currency.
  4. Add the recipient‘s Indian bank details.
  5. Check the exchange rate and fees.
  6. Confirm and transfer.

Pros:

  • Better exchange rates than banks.
  • Fast transfers (few minutes to hours).
  • Small and transparent fees.

Cons:

  • Requires verification for large amounts.

3. Forex Cards

A Forex card is a prepaid card that holds multiple currencies, including NGN.

Steps to Convert NGN to BAM via Forex Card:

  1. Get a Forex card from a bank or travel agency.
  2. Load it with NGN before traveling.
  3. Use it at ATMs in India to withdraw BAM.
  4. The card automatically converts NGN to BAM at the time of withdrawal.

Pros:

  • Safer than carrying cash.
  • Good exchange rates.
  • Can be used multiple times.

Cons:

  • Some banks charge ATM withdrawal fees.
  • Limited to international travelers.

4. Cryptocurrency Exchanges

Some people use crypto exchanges to convert USD to INR through Bitcoin, Ethereum etc.

Steps to Convert NGN to BAM via Crypto:

  1. Buy Bitcoin (BTC) with NGN on a crypto exchange.
  2. Transfer the BTC to an Indian exchange.
  3. Sell it for BAM.
  4. Withdraw BAM to your bank account.

Pros:

  • Fast transactions.
  • Good for high amounts.
  • Some platforms offer zero fees.

Cons:

  • Cryptocurrency prices fluctuate.
  • May not be legal in all countries.

Places to Convert NGN to BAM Offline

There are several offline methods to exchange NGN to BAM. Let‘s explore them.

1. Banks

Banks offer currency exchange services at competitive rates. You need to visit a branch with your NGN cash and exchange it for BAM.

Steps to Exchange NGN to BAM at a Bank:

  1. Visit a bank branch that offers forex services.
  2. Carry your passport, visa, and ID proof (for foreigners).
  3. Fill out the currency exchange form.
  4. Hand over the NGN cash.
  5. Receive BAM in cash or your bank account.

Pros:

  • Safe and reliable.
  • Better exchange rates than airports.
  • Direct deposit option available.

Cons:

  • Limited working hours.
  • Requires documents for verification.

2. Currency Exchange Centers

Private money exchange centers, like Thomas Cook, Muthoot Forex, and Western Union, offer offline NGN to BAM conversion.

Steps to Exchange NGN to BAM at an Exchange Center:

  1. Visit a licensed money exchange center.
  2. Show your passport and ID proof.
  3. Provide the NGN cash for exchange.
  4. Receive BAM at the given exchange rate.

Pros:

  • Quick and easy.
  • Available in major cities and tourist areas.
  • Competitive exchange rates.

Cons:

  • Some centers charge extra service fees.
  • Not available in remote areas.

3. Airport Currency Exchange Counters

Airports have forex counters where travelers can exchange NGN to BAM.

Steps to Exchange NGN to BAM at an Airport:

  1. Locate the currency exchange counter at the airport.
  2. Show your passport and travel documents.
  3. Hand over NGN and receive BAM instantly.

Pros:

  • Convenient for travelers.
  • Open 24/7 in major airports.

Cons:

  • Higher exchange rates compared to banks.
  • Extra service fees.

4. Hotels and Travel Agencies

Some hotels and travel agencies offer currency exchange services for guests.

Steps to Exchange NGN to BAM at a Hotel or Travel Agency:

  1. Check if your hotel or travel agency provides forex services.
  2. Provide your passport and NGN cash.
  3. Receive BAM based on their exchange rate.

Pros:

  • Very convenient for travelers.
  • No need to visit a bank or forex center.

Cons:

  • Higher exchange rates.
  • Limited availability.

5. Local Money Changers

In busy markets and tourist spots, you may find local money changers who exchange NGN for BAM

Steps to Exchange NGN to BAM at a Local Money Changer:

  1. Find a trusted local money changer.
  2. Negotiate the exchange rate if possible.
  3. Provide NGN and receive BAM.

Pros:

  • Quick and easy.
  • Sometimes better rates than banks.

Cons:

  • Risk of fraud or counterfeit BAM.
  • No official receipt or record.

Documents Required for NGN to BAM Exchange

Most offline exchanges require identity proof. Here are the common documents needed:

Document TypeRequired For
PassportAll exchanges (mandatory for foreigners)

Always carry a valid ID when exchanging currency.

Tips to Get the Best Exchange Rate for converting NGN to BAM

  1. Compare Rates: Use online comparison tools to check the best NGN to BAM rates before converting.
  2. Avoid Weekends: Exchange rates are higher on weekends due to market closure.
  3. Use Low-Fee Platforms: Choose platforms like Wise or Forex cards to reduce extra charges.
  4. Avoid Airport Exchanges: Airport forex counters have the worst exchange rates.
  5. Convert Larger Amounts: Some platforms offer better rates for higher amounts.
  6. Negotiate: At local money changers, you may get a better rate if you negotiate.
  7. Check for Hidden Fees: Ask about service charges before exchanging.
  8. Verify the Notes: Always count your BAM and check for fake currency.
  9. Use Official Channels: Avoid unlicensed money changers to prevent scams.

Fees and Charges for converting NGN to BAM

MethodExchange RateTransfer FeeAvailabilitySpeed
Bank TransferLowLowLimited hours1-3 days
Any Third Party AppHighLow24/7Instant/Few minutes
Forex CardMediumLow24/7Instant
Crypto ExchangeHighLow24/7Few minutes
Exchange CentersGoodMediumWidely availableFew minutes
Airport CountersHighHigh24/7 at airportsFew minutes
Hotels/AgenciesVery HighMediumOnly for guestsFew minutes
Local Money ChangersVariesLowRisky but quickFew minutes

Benefits of NGN to BAM Conversion

Converting Nigerian Naira (NGN) to Bosnia-Herzegovina Convertible Mark (BAM) offers several advantages, depending on your financial needs and market conditions. Here are some key benefits:

1. Favorable Exchange Rates

NGN is a strong and widely traded currency. If the exchange rate is favorable, converting NGN to BAM can give you more value for your money.

2. Higher Purchasing Power in Bosnia and Herzegovina

Since 1 NGN equals a significantly higher amount in BAM, converting NGN to BAM increases your purchasing power, allowing you to afford more goods and services in Bosnia and Herzegovina.

3. Supports Travel and Expenses in Bosnia and Herzegovina

If you‘re an NRI, tourist, or returning from the Nigeria, converting NGN to BAM ensures you have local currency for daily expenses, shopping, and travel within Bosnia and Herzegovina.

4. Investment Opportunities

Converting NGN to BAM can help you invest in Bosnia and Herzegovina assets, such as real estate, stocks, mutual funds, and fixed deposits, which often offer higher returns compared to Nigeria markets.

5. Savings on Transaction Fees

Using a direct NGN to BAM conversion method (like Forex cards or money changers) helps avoid unnecessary fees and unfavorable exchange rates charged by international payment gateways or credit card companies.

6. Business and Trade Advantages

For businesses involved in international trade, converting NGN to BAM at the right time can help optimize costs, manage foreign exchange risks, and improve profit margins.

By choosing the right conversion method and timing, you can maximize the benefits of NGN to BAM exchange.

Frequently Asked Questions

FAQs

Can I convert NGN to BAM without a bank account?
Yes, you can use forex cards, international wallets, or cash exchanges.
How long does it take to convert NGN to BAM online?
It depends on the method: • Bank Transfers: 1-3 days • Wise & PayPal: A few minutes to hours • Crypto: A few minutes • Forex Cards: Instant at ATMs
Is it safe to convert NGN to BAM online?
Yes, but use trusted platforms like banks, Wise, or PayPal. Avoid unknown websites to prevent fraud.
Are there any hidden charges?
Always check for: • Transfer fees • Conversion charges • GST or other taxes • Bank charges (for wire transfers)
Can I exchange NGN to BAM without a passport?
Most licensed exchanges require a passport, especially for large amounts. Small amounts may be exchanged with an Aadhaar or PAN card.
How much NGN can I exchange at a time?
There is no strict limit, but heavy transactions may require extra documentation and approval from respective authorities.
Is it safe to exchange money at local money changers?
It can be risky. Always choose a trusted and licensed money changer to avoid scams.
Do banks offer the best exchange rates?
Banks usually offer better rates than airports and hotels, but money exchange centers might have even better deals.
What should I do if I receive fake BAM notes?
If you suspect fake notes, inform the exchange center immediately and report it to the local police if necessary.
What is the 10000 Nigerian Naira (NGN) worth against the Bosnia-Herzegovina Convertible Mark?
10000 NGN is worth 12.500 Bosnia-Herzegovina Convertible Mark today
What is the 25 Nigerian Naira (NGN) worth against the Bosnia-Herzegovina Convertible Mark?
25 NGN is worth 0.031 Bosnia-Herzegovina Convertible Mark today
What is the 1 Nigerian Naira (NGN) worth against the New Zealand Dollar?
1 NGN is worth 0.0011679233634676364 NZD today
What is the strongest currency in the world right now?
Despite being the most traded and powerful currency in the world, the US dollar may not be the most expensive. On the other hand, Kuwait's strong economy has made the Kuwaiti dinar (KWD) the world's most valuable currency. 1 KWD = $3.26.
What is the top 10 highest currency in the world?
Kuwaiti Dinar, Bahraini Dinar, Omani Rial, Jordanian Dinar, British Pound Sterling, Cayman Islands Dollar, European Euro, Swiss Franc, US Dollar, and Canadian Dollar are the top ten most valuable currencies in the world.
Which is the lowest currency in the world?
The Iranian Rial is the world's most affordable currency.

Source of the rates:apilayer.com

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