Rates USD Markets USD to NGN Foreign Transfers

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USD to NGN Transfers Compared

Compare live exchange rates, provider costs and current currency market data before you exchange.

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Compare USD to NGN rates

International money transfer rates Send 10,000 USD → Receive NGN

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.

US dollar to Nigerian naira · USD/NGN trend

Review the recent market direction, current mid-market rate and significant movement alerts.

Current mid-market rate

1 USD = 1,360.1 NGN

1D−0.1%▼

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Observed movement

90-day market context

USD to NGN is at 30-day lows near 1361, just 0.6% below its 3-month average of 1369, having traded in a stable 1.8% range from 1358 to 1382

Forecast snapshot

Quick USD/NGN forecast

Near-term bias🔴 Mild downside

Expected range1357.8150 – 1382.0000

Dominant driver🌍 Global risk sentiment

3-month trend⚪ Range-bound

View full USD/NGN forecast

USD/NGN trades around 1365 with mild downside risk, as global risk sentiment and oil volatility influence the pair. Over the next few months, declines could occur if geopolitical tensions ease or oil prices fall.

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USD to NGN Conversion: What Is Your Money Worth?

View common conversion amounts at today’s mid-market rate

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

USD	NGN
$ 0.0007	₦ 1
$ 0.0037	₦ 5
$ 0.0074	₦ 10
$ 0.0147	₦ 20
$ 0.0368	₦ 50
$ 0.0735	₦ 100
$ 0.1838	₦ 250
$ 0.3675	₦ 500
$ 0.7350	₦ 1,000
$ 1.4700	₦ 2,000
$ 3.6750	₦ 5,000
$ 7.3500	₦ 10,000
$ 14.70	₦ 20,000
$ 36.75	₦ 50,000
$ 73.50	₦ 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 1351.21 from Wise. This is -0.65% compared to the mid-market rate 1,360.1.

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 1351.21, -0.65% from the latest mid-market rate 1,360.1.

The next best is Western Union at 1332.85, -2% from the mid-rate.

Among the banks the Chase Bank rate is 1360.05 at -0% the Wells Fargo Bank rate is 1360.05 at -0% and the Citibank rate is 1360.05 at -0% compared to the mid-rate 1,360.1.

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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This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Best Exchange Rates Pty Ltd, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional. We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date. BER’s AI-generated rate analysis is developed using newsmon.ai.

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