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’.
USD to NGN Market Data
US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the USD to NGN 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 US dollar against the Nigerian naira is to review how the USD/NGN rate has changed over time.
The table below shows the percentage change in the USD to NGN exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
USD/NGN
Change
Period
06 Jun 2025
1559.08
0.7% ▼
2 Week
22 Mar 2025
1526.27
1.4% ▲
3 Month
20 Jun 2024
1489.00
4% ▲
1 Year
21 Jun 2020
387.50
299.6% ▲
5 Year
23 Jun 2015
198.83
678.8% ▲
10 Year
25 Jun 2005
134.09
1054.7% ▲
20 Year
USD/NGN historic rates & change to 20-Jun-2025
USD/NGN is currently around 1550, influenced by the Fed's hawkish stance and rising geopolitical tensions. While the dollar holds near a seven-day high, NGN faces pressure from high inflation (23%) and external borrowing needs. Analysts suggest monitoring oil prices and Federal Reserve policies for future direction
@bestfxrates
USD to NGN 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 US dollar are worth in Nigerian naira across a range of amounts.
This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :
What is the
best Send Money conversion rate for USD to NGN?
The best USD to NGN exchange rate is 1540.03 from Wise.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
US dollar (USD) to Nigerian naira (NGN) rates from different sources before making a conversion.
The above
Dollar to Naira 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 USD-NGN mid-rate and the possible savings of using various 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.