NGN to USD Market Data
Nigerian naira (NGN) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
90-day market context
Currency Forecasts related to NGN/USD
USD to NGN Exchange Rate Forecast & Outlook
Currently, USD/NGN is trading close to 7-day highs near 1357, holding near its 3-month average of 1369. The pair is consolidating within its recent range, supported by CBN FX interventions and macroeconomic reforms.
EUR to USD Exchange Rate Forecast & Outlook
EUR/USD is trading close to its 3-month average around 1.1685, holding near the lower end of a recent range. Risk sentiment remains the dominant driver, supported by geopolitical tensions in Middle East...
USD to GBP Exchange Rate Forecast & Outlook
USD/GBP is trading close to the 90-day average, holding near recent highs within its range. The pair is supported by a narrowing US-UK yield spread, but risk-off sentiment is pressuring the US Dollar overall.
NGN to USD Conversion: What Is Your Money Worth?
To help you understand the real-world value of the current exchange rate, the table below shows how much Nigerian naira are worth in US dollar across a range of amounts.
This gives a quick view of what you’d get when converting different NGN amounts at today’s rate * :
*Converted at the current NGN-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
What is the best Send Money conversion rate for NGN to USD?
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Nigerian naira (NGN) to US dollar (USD) rates from different sources before making a conversion.
The above Naira to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest NGN-USD mid-rate and the possible savings of using various providers.
How do NGN-USD rates compare between providers?
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.