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USD to NGN Calculator

United States Dollar to Nigerian Naira - Convert Compare Save

USD to NGN mid-rate = 364.5

Right now the USD/NGN market mid-rate is 364.5 and represents ideally how many Nigerian Naira you can get for one United States Dollar.

Looking for NGN travel money? Then it is important to note that the Nigerian Naira is a closed currency. Which means that you will not be able to purchase the currency before departure and will need to buy it upon arrival. For more information and a full list of closed currencies read our guide: What is a closed currency?

A good solution for closed currencies is to use a pre-paid travel card to avoid carrying large amounts of cash and also minimise ATM fees - Compare Travel Cards

You can calculate equivalent United States Dollar to Nigerian Naira currency amounts (at mid-rate) below.

USD / NGN Converter


$USD


₦NGN
1 United States Dollar equals
364.5 Nigerian Naira

Compare how much you can save on
USD/NGN exchange rates for:

Foreign Transfers

 
 
3 Month USD to NGN Chart
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Sending to NGN we recommend: WorldRemit WorldRemit

United States Dollar

Nigerian Naira

1 USD 364.50 NGN
5 USD 1,822.50 NGN
10 USD 3,645.00 NGN
20 USD 7,290.00 NGN
50 USD 18,225.00 NGN
100 USD 36,450.00 NGN
250 USD 91,125.00 NGN
500 USD 182,250.00 NGN
1,000 USD 364,500.00 NGN
2,000 USD 729,000.00 NGN
5,000 USD 1,822,500.00 NGN
10,000 USD 3,645,000.00 NGN
50,000 USD 18,225,000.00 NGN
100,000 USD 36,450,000.00 NGN
See more

United States Dollar

Nigerian Naira

0.0027 USD 1 NGN
0.0137 USD 5 NGN
0.0274 USD 10 NGN
0.0549 USD 20 NGN
0.1372 USD 50 NGN
0.2743 USD 100 NGN
0.6858 USD 250 NGN
1.3715 USD 500 NGN
2.7430 USD 1,000 NGN
5.4860 USD 2,000 NGN
13.72 USD 5,000 NGN
27.43 USD 10,000 NGN
137.15 USD 50,000 NGN
274.30 USD 100,000 NGN
See more

NGN Country Guides
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United States Dollar to Nigerian Naira (USD-NGN) - 10 Year History

The below table shows the historic variation in the USD/NGN exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.

DateExchange RatePeriodChange
16 Dec 2018363.0000Latest
09 Dec 2018364.50001 Week-0.41%
16 Nov 2018364.00001 Month-0.27%
19 Jun 2018360.00006 Months+0.83%
16 Dec 2017361.02641 Year+0.55%
16 Dec 2016315.99652 Years+14.87%
17 Dec 2013158.95725 Years+128.36%
18 Dec 2008134.914810 Years+169.06%

Best Rates for USD/NGN Transfers and Travel Money

The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.


Why can't I just get the USD/NGN market rate I see on Google or in the Media?

The USD/NGN mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / NGN was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

The closer your final exchange rate is to the market USD/NGN midrate the better deal you are getting.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

The three things you need in order to get a good USD to NGN exchange rate

  1. Know the latest USD/NGN market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for United States Dollar and Nigerian Naira

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the USD vs NGN, you should pay attention to both United States Dollar and Nigerian Naira news and forecasts.

United States Dollar (USD) - Market news and forecasts

14-December-18: Against a basket of currencies, the US dollar struck an 18-month high in mid-December after negative political and economic developments weighed on rest-of-the-world currencies. At the time of writing, the dollar was showing trade-weighted appreciation of 6 percent for 2018 and was on course to gain in 10 of the year’s 12 months.

The dollar had strengthened to levels near $1.13 against the euro, which suffered due to disappointing eurozone economic data and Brexit-related uncertainties.

Brexit allowed the dollar to gain handsomely against the pound in 2018. On December-11, GBP/USD traded below 1.25 for the first time since early 2017.

The economic slowdown in China has also helped the dollar by creating safe haven flows into the US. The dollar has yet to reach the magic 7-yuan level but remains close to it, at levels near 6.9.

For 2019, JP Morgan and Morgan Stanley are both bearish the greenback. The banks remain skeptical over future Fed interest rate hikes and point to a possible US economic downturn in the second half of the year.

Scotiabank is forecasting EUR/USD at $1.30 by 2019 year-end, indicating a potential 13 percent decline in the dollar’s buying power.

Nigerian Naira (NGN) - Market news and forecasts

No recent Nigerian Naira market updates.


 

Currency News and Forecasts - United States Dollar

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