USD to NGN Market Data
US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
📊 Quick forecast view
🔴 Mild downside
1317.5330 – 1356.0000
🌍 Global risk sentiment
⚪ Range-bound
90-day market context
Currency Forecasts related to USD/NGN
USD to NGN Exchange Rate Forecast & Outlook
USD/NGN is trading close to recent lows within its 8.9% range, supported by risk-off sentiment. The pair remains supported by current risk conditions but could face pressure if global risk appetite improves...
USD to EUR Exchange Rate Forecast & Outlook
Currently, USD/EUR is trading close to recent highs, supported by risk-off sentiment and safe-haven flows. The pair is holding near the upper end of its three-month range, with the rate slightly above its 90-day average.
USD to JPY Exchange Rate Forecast & Outlook
USD/JPY is holding near recent highs, trading within its recent range just above the 90-day average. The pair’s decline reflects a risk-off environment, pressured by market volatility and fiscal worries in Japan.
USD to NGN Conversion: What Is Your Money Worth?
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 1375.52 from Wise. This is -0.65% compared to the mid-market rate 1,384.5.
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 1375.52, -0.65% from the latest mid-market rate 1,384.5.
The next best is Western Union at 1356.83, -2% from the mid-rate.
Among the banks the Chase Bank rate is -75.1606 at -105.4% the Wells Fargo Bank rate is -83.4677 at -106% and the Citibank rate is -19.7798 at -101.4% compared to the mid-rate 1,384.5.
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.
