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USD to NGN Transfers Compared

USD-NGN Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

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 Nigeria 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 Nigeria bank accounts or pay a Nigerian naira invoice.

 
   

USD to NGN Market Data

US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell USD   →   Buy NGN
1 USD = 1,534.0 NGN
+0.2%
30d-highs
USD to NGN is at 30-day highs near 1534, 1.6% below its 3-month average of 1559, having traded in a quite stable 5.4% range from 1527 to 1609
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Tracker

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:

DateUSD/NGNChangePeriod
18 Jul 2025
1530.97
0% 2 Week
03 May 2025
1603.71
4.6% 3 Month
01 Aug 2024
1661.07
7.9% 1 Year
02 Aug 2020
386.51
296% 5 Year
04 Aug 2015
198.95
669.3% 10 Year
06 Aug 2005
136.76
1019.1% 20 Year
USD/NGN historic rates & change to 01-Aug-2025
USD to NGN sees mixed signals as recent stability in the dollar meets Nigeria’s ongoing economic challenges. Currently trading near 1534, analysts highlight potential impacts of looming U.S. employment data and Nigeria's reforms on the Naira. Key factors like oil prices and inflation continue to shape the outlook

 

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 * :

USD NGN
$ 1 1.0000
$ 5 5.0000
$ 10 10.00
$ 20 20.00
$ 50 50.00
$ 100 100.00
$ 250 250.00
$ 500 500.00
$ 1,000 1,000
$ 2,000 2,000
$ 5,000 5,000
$ 10,000 10,000
$ 20,000 20,000
$ 50,000 50,000
$ 100,000 100,000
USD NGN
$ 0.0007 ₦ 1
$ 0.0033 ₦ 5
$ 0.0065 ₦ 10
$ 0.0130 ₦ 20
$ 0.0326 ₦ 50
$ 0.0652 ₦ 100
$ 0.1630 ₦ 250
$ 0.3260 ₦ 500
$ 0.6520 ₦ 1,000
$ 1.3040 ₦ 2,000
$ 3.2600 ₦ 5,000
$ 6.5200 ₦ 10,000
$ 13.04 ₦ 20,000
$ 32.60 ₦ 50,000
$ 65.20 ₦ 100,000

More amounts

*Converted at the current USD-NGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for USD to NGN?

The best USD to NGN exchange rate is 1524.01 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. 

How do USD-NGN rates compare between providers?

Looking at the full USD to NGN - Send Money comparison table the provider with the best USD to NGN exchange rate is Wise at 1524.01.

The next best is Western Union at 1509.44.

Then WorldRemit at 1497.16, .

Among the banks the Chase Bank rate is -83.3809 the Wells Fargo Bank rate is -92.5848 and the Citibank rate is -22.0217 compared to the mid-rate 1,534.0.

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.

 

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View a full list of exchange rates by selecting your Base (from) currency: