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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.

 

Recent forecasts indicate a range of factors affecting the USD to NGN exchange rate. Analysts report that the US dollar (USD) recently strengthened due to positive employment data, with the non-farm payroll increasing beyond expectations in June. This boost reinforces the USD's position as a safe-haven currency, benefitting from economic uncertainties and strengthening investor confidence.

As the Federal Reserve's interest rate policies continue to shape the USD's strength, higher rates attract more investments, making the dollar more appealing. Geopolitical events and inflation also impact the dollar's value, cementing its role in global transactions. In the short term, forecasts suggest potential stability in USD values due to upcoming holiday closures that might limit trading activity.

On the other hand, the Nigerian Naira (NGN) faces significant challenges. With inflation exceeding 23% and ongoing economic reforms aimed at stabilizing the currency, the Nigerian central bank is navigating complex financial terrain. The recent crackdown on currency practices such as "money spraying" aligns with efforts to maintain the NGN's value against stronger currencies like the USD. Moreover, the request for external borrowing by the Nigerian government signals active attempts to bolster the economy, which may influence the currency's performance.

The current exchange rate of around 1535 NGN to 1 USD is notably below the three-month average of 1578 NGN, indicating that the Naira has experienced some appreciation recently. This is supported by a reported rise in investor interest, presumably linked to high local bond yields. However, the NGN is still susceptible to external shocks, particularly due to its dependence on oil prices, which are currently trading higher at 68.80 USD, as they directly impact Nigeria's revenue and economic stability.

In summary, the USD is poised for stability amid positive economic data and higher interest expectations, while the NGN's performance hinges on ongoing reforms and oil market trends. Investors and businesses engaged in international transactions between these currencies are advised to closely monitor these developments as market conditions evolve.

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 =
1,531.5We compare provider deals to this wholesale mid-market rate. Read more
NGN
+0.1%
90d-lows
USD to NGN at 1535 is 2.7% below its 3-month average of 1578, having traded in a quite stable 5.1% range from 1532 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
20 Jun 2025
1550.11
1.2% 2 Week
05 Apr 2025
1532.01
0% 3 Month
04 Jul 2024
1517.50
0.9% 1 Year
05 Jul 2020
388.00
294.7% 5 Year
07 Jul 2015
199.07
669.3% 10 Year
09 Jul 2005
133.85
1044.2% 20 Year
USD/NGN historic rates & change to 04-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.

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