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 = 0.000731 USD

1d+0.3%▲

Tracker

1 USD = 1,368.3 NGN

90-day market context

NGN to USD is at 30-day highs near 0.000732, just above its 3-month average, having traded in a very stable 2.2% range from 0.000724 to 0.000740

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Currency Forecasts related to NGN/USD

USD to NGN Exchange Rate Forecast & Outlook

Currently, USD/NGN is trading near 30-day lows at 1366, close to its 3-month average. The pair remains supported by risk-off sentiment and a risk-averse environment.

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EUR to USD Exchange Rate Forecast & Outlook

Currently, EUR/USD is trading close to 1.138, below its 3-month average of 1.155 and finding support around recent lows. Risk sentiment remains cautious, with safe-haven flows supporting USD.

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USD to GBP Exchange Rate Forecast & Outlook

Currently, USD/GBP is trading near 14-day highs around 0.7510, slightly above its 3-month average of 0.746, within a very stable range. The dominant driver remains risk sentiment, which favors safe-haven...

Read forecast

USD/NGN trades near 1366 with a mild bias to dip, staying within its recent range amid risk-off sentiment and oil prices above $100. Fluctuations depend on geopolitical tensions, oil trends, and CBN interventions.

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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 * :

NGN	USD
₦ 1	$ 0.0007
₦ 5	$ 0.0037
₦ 10	$ 0.0073
₦ 20	$ 0.0146
₦ 50	$ 0.0366
₦ 100	$ 0.0731
₦ 250	$ 0.1828
₦ 500	$ 0.3655
₦ 1,000	$ 0.7310
₦ 2,000	$ 1.4620
₦ 5,000	$ 3.6550
₦ 10,000	$ 7.3100
₦ 20,000	$ 14.62
₦ 50,000	$ 36.55
₦ 100,000	$ 73.10

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.