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NGN to USD Transfers Compared

NGN-USD Rate Calculator

 
 
   
   
   
   
   
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to the United States can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to the United States bank accounts or pay a US dollar invoice.

 
   

NGN to USD Market Data

Nigerian naira (NGN) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell NGN   →   Buy USD
1 NGN = 0.000729 USD
1d0.0%⬦
Tracker
  1 USD = 1,371.1 NGN

90-day market context

NGN to USD at 0.000729 is just below its 3-month average, having traded in a quite stable 4.2% range from 0.000715 to 0.000745
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Currency Forecasts related to NGN/USD

USD to NGN Exchange Rate Forecast & Outlook

USD/NGN is currently trading near 1370, just above its 3-month average, within a stable range. The pair's range-bound behaviour is supported by cautious risk sentiment and consistent NGN support from CBN FX interventions.

Read forecast

EUR to USD Exchange Rate Forecast & Outlook

Currently, EUR/USD is trading near the 90-day average, finding support around 1.1625 within its recent range. The pair is supported by risk-off flows due to safe-haven demand driven by geopolitical tensions...

Read forecast

USD to GBP Exchange Rate Forecast & Outlook

Currently, USD/GBP is trading near its 90-day average, holding within a very stable range from 0.7335 to 0.7585. The pair remains supported by risk sentiment, with broader risk-off conditions keeping safe...

Read forecast

USDNGN remains around 1370 with a range of 1370-1398, supported by cautious global risk sentiment. Limited downside or upside expected in the short term as the pair consolidates. Transfers may stay stable, with minor fluctuations.

 

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 * :

NGN USD
₦ 1 $ 0.0007
₦ 5 $ 0.0036
₦ 10 $ 0.0073
₦ 20 $ 0.0146
₦ 50 $ 0.0365
₦ 100 $ 0.0729
₦ 250 $ 0.1823
₦ 500 $ 0.3645
₦ 1,000 $ 0.7290
₦ 2,000 $ 1.4580
₦ 5,000 $ 3.6450
₦ 10,000 $ 7.2900
₦ 20,000 $ 14.58
₦ 50,000 $ 36.45
₦ 100,000 $ 72.90
NGN USD

More amounts

*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.

 

View a full list of exchange rates by selecting your Base (from) currency: