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:
Date | NGN/USD | Period |
---|
09 Aug 2025 | 0.000653 | 2 Week |
25 May 2025 | 0.000630 | 3 Month |
23 Aug 2024 | 0.000635 | 1 Year |
24 Aug 2020 | 0.002592 | 5 Year |
26 Aug 2015 | 0.005031 | 10 Year |
28 Aug 2005 | 0.007593 | 20 Year |
NGN/USD historic rates
USD/NGN currently at 1536, slightly below the 3-month avg. Analysts note a mix of US dollar strength from safe-haven demand and pressures on the naira due to declining oil prices. With potential 6% naira depreciation ahead, monitor fluctuations closely for optimal transactions
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?
The best NGN to USD exchange rate is 0.0006 from WorldRemit. This is -7.8% compared to the mid-market rate 0.000651.
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?
Looking at the full
NGN to USD - Send Money comparison table the provider with the best NGN to USD exchange rate is WorldRemit at 0.0006, -7.8% from the latest mid-market rate 0.000651.
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.