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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.

     

    Forecasts for USD to NGN

     

    The USD to NGN exchange rate has experienced notable fluctuations recently, with the US dollar coming under pressure due to escalating tensions in US-China trade relations. Analysts note that new tariffs imposed by both the US and China have stoked recession fears, leading to increased selling of the US dollar. Consequently, the dollar is currently trading at approximately 1590 NGN, which is 3.2% above its three-month average of 1541 NGN and has shown volatility, moving within a 12.2% range from 1496 to 1679 NGN.

    Market experts suggest that upcoming data, particularly the US consumer price index, could introduce further volatility to USD exchange rates. If inflation shows signs of cooling, this may lay the groundwork for a potential interest rate cut by the Federal Reserve, traditionally viewed as a bearish sign for the dollar. However, a shift towards looser monetary policy could also temper recession fears, which might support the dollar in the medium term.

    The dynamics of the NGN are heavily influenced by domestic economic policies and the country’s dependency on oil revenues. Recent trends show that oil prices have dipped significantly, trading at 64.76 USD—11.9% below the three-month average of 73.47 USD. This drop in oil prices could hinder Nigeria's foreign exchange reserves and exacerbate challenges for the Naira, especially given its vulnerability to fluctuations in oil revenue due to the country’s informal economy.

    Additionally, the new Nigerian administration under President Bola Tinubu will need to restore business confidence rapidly to achieve its growth objectives. The recent cash crunch resulting from the currency changeover has led to significant economic hardships, with only 60% of households having bank access. This situation emphasizes the pressing need for effective fiscal policies that can bolster the NGN against external pressures.

    Overall, currency analysts are closely monitoring these developments, as they recognize that a combination of geopolitical factors, domestic challenges, and commodity price movements will play critical roles in determining the future trajectory of the USD to NGN exchange rate.

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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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    NGN
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    USD to NGN at 1590 is 3.2% above its 3-month average of 1541, having traded in a rather volatile 12.2% range from 1496 to 1679
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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.

     
    DateUSD/NGNChangePeriod
    04 Apr 2025
    1532.01
    4.6% 2 Week
    18 Jan 2025
    1558.67
    2.9% 3 Month
    18 Apr 2024
    1297.00
    23.6% 1 Year
    19 Apr 2020
    385.39
    316% 5 Year
    21 Apr 2015
    199.05
    705.4% 10 Year
    23 Apr 2005
    132.46
    1110.3% 20 Year
    USD/NGN historic rates & change to 18-Apr-2025
     

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    Will the US dollar rise against the Nigerian naira?

    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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    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