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USD to NGN 2026 Forecasts

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.

 

The USD to NGN exchange rate currently shows a bearish bias.

Key drivers include the Federal Reserve's anticipation of several rate cuts by mid-2026, which may weaken the USD. Additionally, rising inflation in Nigeria projected to hit 37% next year could further pressure the Naira. Recent developments suggest the Naira may depreciate slightly to around N1,692.6 per USD by the end of 2026, highlighting ongoing economic challenges.

In the near term, the USD to NGN is expected to trade within a stable range around current levels, with limited volatility observed previously between N1,435 and N1,480. Any significant fluctuations in oil prices could impact the Naira, as it is closely tied to Nigeria's oil revenues.

An upside risk might be a strong rebound in global economic growth that supports the Naira, while a downside risk includes sharper-than-expected USD depreciation driven by further U.S. monetary easing measures.

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 =
1,446.2We compare provider deals to this wholesale mid-market rate. Read more
NGN
1d−0.8%▼
 
USD to NGN at 1446 is just 0.6% below its 3-month average of 1454, having traded in a very stable 3.1% range from 1435 to 1480
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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 Dec 2025
1457.71
0.8% ▼2 Week
03 Oct 2025
1471.58
1.7% ▼3 Month
01 Jan 2025
1549.18
6.6% ▼1 Year
02 Jan 2021
396.70
264.6% ▲5 Year
04 Jan 2016
199.40
625.3% ▲10 Year
06 Jan 2006
129.64
1015.5% ▲20 Year
USD/NGN historic rates & change to 01-Jan-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