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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:

The USD/NGN rate is likely to decrease as it trades significantly below its recent average and near 90-day lows. Weighing on the naira is a forecasted rise in inflation, impacting its outlook negatively.

Key drivers:

• Rate gap: The Federal Reserve's ongoing interest rate hikes strengthen the USD compared to the relatively stable policies of the Central Bank of Nigeria (CBN).

• Risk/commodities: Oil prices have been above average, supporting Nigerian revenue from exports, although Nigeria's reliance on oil makes the naira vulnerable to fluctuations.

• One macro factor: The IMF forecasts inflation in Nigeria could sharply rise, putting more pressure on the naira’s value in the coming months.

Range:

The USD/NGN is expected to drift lower, reflecting limited bullish momentum amid external pressures.

What could change it:

• Upside risk: Improved foreign investment and sustained oil price strength could bolster the naira.

• Downside risk: A significant increase in inflation would further weaken the naira's position against the USD.

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 =
1,340.8We compare provider deals to this wholesale mid-market rate. Read more
NGN
1d−0.4%▼
90dLows◒
USD to NGN is at 90-day lows near 1346, 5.4% below its 3-month average of 1423, having traded in a fairly volatile 8.5% range from 1346 to 1461
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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