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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.

 

USD/NGN Outlook: Bearish, as the rate is below its recent average and near recent lows, influenced by ongoing tariff concerns.

Key drivers:

• Rate gap: The US Federal Reserve is expected to cut rates, which could weaken the dollar against the Nigerian central bank's more stable policy approach.

• Risk/commodities: OIL is currently trading higher than its average, which tends to support the naira due to Nigeria's reliance on oil exports.

• One macro factor: The Central Bank of Nigeria aims for exchange rate stability, which may keep the naira strong despite external pressures.

Range: The USD/NGN is likely to hold within its recent range, showing limited movement due to current conditions.

What could change it:

• Upside risk: A sudden spike in oil prices could strengthen the naira further, potentially pushing the USD/NGN rate down.

• Downside risk: Any escalation in tariff impacts or geopolitical tensions could pressure the dollar, resulting in a further decline in the USD/NGN 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.

 
Sell USD   →   Buy NGN
1 USD =
1,419.8We compare provider deals to this wholesale mid-market rate. Read more
NGN
1d0.0%⬦
90dLows◒
USD to NGN is at 90-day lows near 1419, 1.7% below its 3-month average of 1444, having traded in a very stable 3.1% range from 1419 to 1463
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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.

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