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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.

 

The recent indicators suggest a complex environment for the USD to NGN exchange rate. As of recently, the USD has been buoyed by a hawkish stance from the Federal Reserve, maintaining interest rates while addressing inflation concerns driven by tariffs. This has strengthened the US dollar, positioning it as a safe-haven during periods of geopolitical uncertainty, particularly with rising tensions involving the Israel-Iran conflict. Despite this strength, the USD experienced some fluctuations, indicating that geopolitical events and risk sentiment heavily influence its performance.

The USD/NGN exchange rate is currently near 1550, close to a seven-day high, and approximately 1.7% lower than its three-month average of 1577. This indicates a relatively stable trading range, fluctuating between 1523 and 1610. The strength of the dollar is critical, particularly as it affects emerging markets like Nigeria, where many transactions involve USD.

For the Nigerian Naira (NGN), recent economic reforms, including the removal of fuel subsidies and increased flexibility in the currency peg, have introduced volatility. Currently, inflation levels in Nigeria are exceeding 23%, which, compounded by high public debt, creates challenges for the currency. Additionally, the Nigerian government's efforts to bolster the NGN include cracking down on practices like 'money spraying' to strengthen currency value, as well as a request for significant external borrowing to support economic reforms.

Furthermore, Nigeria's economic health is tied to oil prices, which have recently seen a significant increase to $77.01 per barrel, representing a 14.3% rise above the three-month average. Such movements in oil prices typically correlate with fluctuations in the NGN, making it imperative for investors to monitor these trends closely.

Analysts suggest that the outlook for the USD/NGN exchange rate will likely depend on a combination of Federal Reserve policies impacting USD strength and Nigeria's economic performance in the face of high inflation and external borrowing requirements. Market participants should remain vigilant regarding both geopolitical developments and local economic indicators, as these will significantly inform the near-term currency outlook.

USD-NGN Rate Calculator

 
   
   
   
   
 
   
 
 

USD to NGN Market Data

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

 
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USD to NGN is at 7-day highs near 1550, 1.7% below its 3-month average of 1577, having traded in a quite stable 5.7% range from 1523 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.

 
 

Will the US dollar rise against the Nigerian naira?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US dollar vs Nigerian naira current value is to look the USD/NGN historic rate and change over a range of periods.

The following table looks at the change in the USD to NGN exchange rate over periods from the previous week back to the last 10 years.

DateUSD/NGNChangePeriod
06 Jun 2025
1559.08
0.7% 2 Week
22 Mar 2025
1526.27
1.4% 3 Month
20 Jun 2024
1489.00
4% 1 Year
21 Jun 2020
387.50
299.6% 5 Year
23 Jun 2015
198.83
678.8% 10 Year
25 Jun 2005
134.09
1054.7% 20 Year
USD/NGN historic rates & change to 20-Jun-2025

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.

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending

 

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