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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 has faced significant influences from recent market developments and economic forecasts. Analysts noted that the US dollar has been volatile due to ongoing US-China trade tensions, particularly following remarks from President Trump that sparked uncertainty regarding future tariffs. The anticipated speech from Federal Reserve Chair Jerome Powell could play a critical role in shaping market sentiment; a hawkish tone could bolster the dollar by reducing expectations of future rate cuts.

Key factors influencing the US dollar include a leadership transition at the Federal Reserve, with an emphasis on a new chair who may examine the institution's broader roles. Market anticipation of upcoming inflation data, particularly the Consumer Price Index report, is also significant, as it may directly affect Federal Reserve interest rate decisions. Furthermore, a looming deadline for US-China tariff negotiations and increasing global trends toward dedollarization could impact the dollar's strength moving forward.

For the Nigerian naira, recent developments have reflected both challenges and cautious optimism. Recent IMF consultations recognized improvements in Nigeria's macroeconomic stability, while also pointing out ongoing issues such as high food prices and poverty that continue to pressure households. Notably, the suspension of petrol sales in naira by Dangote Refinery could exacerbate challenges, potentially forcing marketers to source petrol in dollars and thus weakening the naira.

In line with these developments, the USD to NGN rate has recently hit 90-day lows near 1460, which is notably 3.4% below its three-month average of 1512, indicating a period of relative stability within a 5.4% range. These movements correlate with oil price fluctuations, as the OIL to USD exchange rate is currently at 62.39, 7.2% below its three-month average, contributing to volatility in the USD-NGN pair. The African Development Bank has projected a 6% depreciation of the naira by mid-2026, emphasizing the impact of global market uncertainties.

Overall, market participants should remain vigilant and consider these factors when planning international transactions, as both political developments and macroeconomic indicators could lead to further fluctuations in the USD-NGN exchange rate.

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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NGN
90dLows
1d−0.1%
USD to NGN is at 90-day lows near 1460, 3.4% below its 3-month average of 1512, having traded in a quite stable 5.4% range from 1460 to 1539
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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
01 Oct 2025
1485.00
1.7% 2 Week
17 Jul 2025
1527.59
4.4% 3 Month
15 Oct 2024
1635.00
10.7% 1 Year
16 Oct 2020
381.00
283.1% 5 Year
18 Oct 2015
199.15
633% 10 Year
20 Oct 2005
130.86
1015.5% 20 Year
USD/NGN historic rates & change to 15-Oct-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