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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 USD to NGN exchange rate remains under pressure as the U.S. dollar grapples with uncertainty surrounding the Federal Reserve's independence. Recent forecasts indicate that political pressure from President Trump, who continues to urge the Fed to lower interest rates, could lead to a weaker dollar if the central bank adopts a dovish stance. Analysts suggest that Fed Chair Jerome Powell's upcoming speech will be crucial in determining the dollar’s immediate demand. Should Powell maintain a strong, independent position, it could bolster the USD in the short term.

The recent dynamics of the Nigerian naira also reflect significant economic developments. The Central Bank of Nigeria's efforts to implement reforms, including the removal of fuel subsidies and the devaluation of the naira, aim to stabilize the currency but have been met with challenges such as rising inflation, now exceeding 23%. The nation's total public debt stands at approximately $113.4 billion, and President Bola Tinubu's request for an additional $21.5 billion in external borrowing underscores the urgency of economic reforms.

Recent currency movements show the USD to NGN trading at 1531, notably 2.2% below its three-month average of 1566. This suggests a relatively stable trading range over recent months, with fluctuations limited to 5.3% between 1529 and 1610. The strengthening of the naira—appreciating over 7% against the dollar since November 2024—can be attributed to rising foreign investor interest attracted by high local bond yields and ongoing economic reforms.

Oil prices, essential for Nigeria's economy, are currently at 14-day lows near $68.51, which is 1.6% above the three-month average of $67.42. Given that Nigeria is heavily reliant on oil revenue, fluctuations in oil prices directly affect the naira's stability. Volatility in oil pricing, with a range of 31.1% from $60.14 to $78.85, highlights the potential for further impact on the naira as the global market adjusts to shifts in demand and geopolitical conditions.

In summary, the outlook for the USD to NGN exchange rate remains influenced by both U.S. monetary policy and Nigerian economic reforms, with anticipated volatility in oil prices adding another layer of complexity to the currency dynamics. Monitoring these factors will be crucial for businesses and individuals engaged in international transactions.

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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.

 
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USD to NGN at 1531 is 2.2% below its 3-month average of 1566, having traded in a quite stable 5.3% range from 1529 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
10 Jul 2025
1530.52
0.3% 2 Week
25 Apr 2025
1608.80
5.1% 3 Month
24 Jul 2024
1584.25
3.7% 1 Year
25 Jul 2020
387.50
293.9% 5 Year
27 Jul 2015
198.98
667% 10 Year
29 Jul 2005
135.00
1030.6% 20 Year
USD/NGN historic rates & change to 24-Jul-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.

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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