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 |
---|
14 Aug 2025 | 1533.14 | 0.2% ▲ | 2 Week |
30 May 2025 | 1588.26 | 3.2% ▼ | 3 Month |
28 Aug 2024 | 1591.26 | 3.4% ▼ | 1 Year |
29 Aug 2020 | 387.46 | 296.6% ▲ | 5 Year |
31 Aug 2015 | 199.11 | 671.8% ▲ | 10 Year |
02 Sep 2005 | 133.73 | 1049.2% ▲ | 20 Year |
USD/NGN historic rates & change to 28-Aug-2025
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
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 * :
*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 1525.71 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 1525.71.
The next best is Western Union at 1511.12.
Then WorldRemit at 1498.83, .
Among the banks the Chase Bank rate is -83.475 the Wells Fargo Bank rate is -92.6891 and the Citibank rate is -22.0474 compared to the mid-rate 1,535.7.
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.