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    USD to NGN 2025 Forecasts

    Analysis of recent dollar → naira forecasts for 2025. We collate forecasts from respected FX analysts together with the latest US dollar to Nigerian naira performance and trends.

     

    Forecasts for USD to NGN

     

    Recent analyses of the USD to NGN exchange rate indicate a complex interplay of factors influencing currency dynamics in both the United States and Nigeria. The USD is currently experiencing modest gains; however, these gains are tempered by the release of weaker-than-expected US consumer sentiment data. Analysts suggest that this decline in consumer morale may raise fears of a potential recession in the US, which in turn could dampen the dollar's demand. Markets are also closely monitoring trade developments, especially announcements from US President Donald Trump regarding trade agreements, which could affect the dollar's strength. However, Trump's aggressive tariff policies have raised concerns that he may be deliberately trying to weaken the dollar to shift economic advantages in favor of the US.

    On the other hand, the Nigerian Naira (NGN) is navigating challenges attributable to structural issues within Nigeria's economy. A significant cash crunch stemming from a currency note changeover in early 2023 led to widespread protests and highlighted the fragility of the cash-based economy, where many citizens remain unbanked. With the new administration under President Tinubu expected to focus on regaining business confidence and stimulating rapid economic growth, any improvements in governance could positively influence the NGN.

    Currently, the USD to NGN rate stands at 1604, which is approximately 2.8% above its three-month average of 1560. This suggests that while the Naira faces downward pressure, it has been relatively stable within a 7.6% range over the past few months. Analysts note that the NGN's performance can also be impacted by global oil prices, given Nigeria's significant dependence on oil exports. With oil trading at 65.52, which is 4.5% below its three-month average, fluctuations in oil prices will continue to contribute to exchange rate volatility.

    In summary, the outlook for the USD to NGN exchange rate depends heavily on US economic signals, trade policy developments, and Nigeria's economic reforms. Market experts indicate that stakeholders should remain vigilant of these dynamics, as they could lead to significant shifts in the currency landscape in the near term.

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    USD to NGN Market Data

    US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.

     
    Sell USD   →   Buy NGN
    1 USD =
    1,606.4We compare provider deals to this wholesale mid-market rate. Read more
    NGN
    +0.1%
    USD to NGN at 1604 is 2.8% above its 3-month average of 1560, having traded in a relatively stable 7.6% range from 1496 to 1610
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    Compare & Save - US dollar to Nigerian naira

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Nigerian naira (NGN) rates from different sources before making a conversion.

    Use our USD to NGN calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Dollar to Naira currency rates and the possible savings of using various providers.

     
    DateUSD/NGNChangePeriod
    05 May 2025
    1606.06
    0.1% 2 Week
    18 Feb 2025
    1506.94
    6.6% 3 Month
    19 May 2024
    1495.00
    7.5% 1 Year
    20 May 2020
    388.50
    313.6% 5 Year
    22 May 2015
    199.13
    707% 10 Year
    24 May 2005
    132.64
    1111.5% 20 Year
    USD/NGN historic rates & change to 19-May-2025
     

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    Will the US dollar rise against the Nigerian naira?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add USD/NGN to your personalised Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more