The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
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 = 0.000689 USD
1d0.0%⬦
NGN to USD at 0.000689 is just above its 3-month average, having traded in a very stable 3.6% range from 0.000673 to 0.000697
Is the NGN to USD Exchange Rate Likely to Improve?
Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Nigerian naira against the US dollar is to review how the NGN/USD rate has changed over time.
The table below shows the percentage change in the NGN to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
USD to NGN is currently at 1451, slightly below its 3-month avg. Analysts note a stable range (1435-1487) as the Fed's dovish stance due to falling inflation (3% to 2.7%) pressures the dollar. NGN shows resilience amid local reforms, but volatility risks remain
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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 * :
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: