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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 = 0.000726 USD
1d−0.1%▼
Tracker
  1 USD = 1,378.1 NGN

90-day market context

NGN to USD at 0.000724 is just above its 3-month average, having traded in a relatively stable 7.3% range from 0.000695 to 0.000746
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Currency Forecasts related to NGN/USD

USD to NGN Exchange Rate Forecast & Outlook

Currently, USD/NGN is trading close to the 3-month average and near recent highs within its recent range. The pair is supported by risk-off sentiment which continues to pressure risk-sensitive currencies.

Read forecast

EUR to USD Exchange Rate Forecast & Outlook

Currently, EUR/USD is trading close to its 90-day average, holding near the lower end of its recent range. The pair is pressured by risk-off sentiment, with safe-haven flows into USD supporting the dollar.

Read forecast

USD to GBP Exchange Rate Forecast & Outlook

Currently, USD/GBP is trading near the 90-day average, supported by the rate differential between US and UK policies. The pair remains within its recent range, with the US dollar holding near recent highs.

Read forecast

USD/NGN remains near 1383, with a mild downside bias amid global risk-off flows. Expect a range of 1383-1457. Ongoing risk aversion supports USD, which could weaken if market sentiment improves or deepen if tensions rise.

 

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 $ 0.0145
₦ 50 $ 0.0363
₦ 100 $ 0.0726
₦ 250 $ 0.1815
₦ 500 $ 0.3630
₦ 1,000 $ 0.7260
₦ 2,000 $ 1.4520
₦ 5,000 $ 3.6300
₦ 10,000 $ 7.2600
₦ 20,000 $ 14.52
₦ 50,000 $ 36.30
₦ 100,000 $ 72.60
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: