Rate direction
US dollar to Nigerian naira · USD/NGN trend
Review the recent market direction, current mid-market rate and significant movement alerts.
90-day market context
USD to NGN at 1364 is just below its 3-month average, having traded in a stable 1.9% range from 1356 to 1382
Quick USD/NGN forecast
Currency Forecasts related to USD/NGN
USD to NGN Exchange Rate Forecast & Outlook
Currently, USD/NGN is trading near 30-day lows at 1366, close to its 3-month average. The pair remains supported by risk-off sentiment and a risk-averse environment.
USD to NGN Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Nigerian naira across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
*Converted at the current USD-NGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the
best Send Money conversion rate for USD to NGN?
The best USD to NGN exchange rate is 1355.49 from Wise. This is -0.65% compared to the mid-market rate 1,364.4.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Nigerian naira (NGN) rates from different sources before making a conversion.
The above Dollar to Naira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-NGN mid-rate and the possible savings of using various providers.
How do USD-NGN rates compare between providers?
Looking at the full USD to NGN - Send Money comparison table the provider with the best USD to NGN exchange rate is Wise at 1355.49, -0.65% from the latest mid-market rate 1,364.4.
The next best is Western Union at 1337.07, -2% from the mid-rate.
Among the banks the Chase Bank rate is -78.1449 at -105.7% the Wells Fargo Bank rate is -82.238 at -106% and the Citibank rate is -19.4774 at -101.4% compared to the mid-rate 1,364.4.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.