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USD to NGN Rates - 2026 Forecast

Analysis of recent dollar → naira forecasts for 2026. We collate forecasts from respected FX analysts together with the latest US dollar to Nigerian naira performance and trends.

 

USD/NGN Outlook:

The USD/NGN exchange rate is likely to decrease as it currently trades below its recent average and is nearing recent lows. The rising oil prices are putting pressure on the Naira, exacerbating its decline.

Key drivers:

• Rate gap: The US Federal Reserve is generally more hawkish compared to the Central Bank of Nigeria, which is prioritizing currency stability.

• Risk/commodities: Oil is significantly above its recent average, raising global demand for USD as countries need to purchase oil in this currency.

• One macro factor: The Nigerian government continues its crude-for-naira policy, which is intended to stabilize the Naira amid high oil prices.

Range:

The USD/NGN is expected to drift within recent lows, testing its limits but lacking momentum to break higher.

What could change it:

• Upside risk: A significant increase in US job growth could boost USD demand further.

• Downside risk: A stabilization in oil prices or a strong recovery in the Naira could pressure USD/NGN lower.

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.

 
Sell USD   →   Buy NGN
1 USD =
1,382.9We compare provider deals to this wholesale mid-market rate. Read more
NGN
1d+0.3%▲
14dHighs◓
USD to NGN is at 14-day highs near 1383, 1.8% below its 3-month average of 1409, having traded in a fairly volatile 8.9% range from 1341 to 1461
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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
18 Feb 2026
1340.00
2.8% ▲2 Week
04 Dec 2025
1447.36
4.9% ▼3 Month
04 Mar 2025
1499.25
8.2% ▼1 Year
05 Mar 2021
381.00
261.4% ▲5 Year
06 Mar 2016
199.14
591.5% ▲10 Year
09 Mar 2006
129.10
966.6% ▲20 Year
USD/NGN historic rates & change to 04-Mar-2026

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