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.
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USD to NGN Market Data
US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
USD to NGN is at 30-day lows near 1561, just 0.9% below its 3-month average of 1575, having traded in a relatively stable 6.6% range from 1511 to 1610
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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
23 May 2025
1589.80
1.7% ▼
2 Week
08 Mar 2025
1511.15
3.4% ▲
3 Month
06 Jun 2024
1496.22
4.4% ▲
1 Year
07 Jun 2020
387.93
302.8% ▲
5 Year
09 Jun 2015
199.18
684.5% ▲
10 Year
11 Jun 2005
133.17
1073.3% ▲
20 Year
USD/NGN historic rates & change to 06-Jun-2025
USD/NGN near 1561, hits 30-day lows as US jobless claims rise. Weak US job data could push Fed to cut rates, potentially weakening USD further vs NGN. Analysts watching Friday's non-farm payrolls for confirmation of labor mkt slowdown
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 Travel Money conversion rate for USD to NGN?
The best USD to NGN exchange rate is 1548.95 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.