USD to NGN Market Data
US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
📊 Quick forecast view
⚪ Range-bound
1342.0000 – 1370.0000
🏦 Central bank policy divergence
⚪ Range-bound
90-day market context
Currency Forecasts related to USD/NGN
USD to NGN Exchange Rate Forecast & Outlook
USD/NGN is trading close to recent lows near 1370, holding near its 3-month average. The pair is supported by the central bank's FX interventions and liquidity measures, while risk-off sentiment pressure keeps it range-bound.
USD to EUR Exchange Rate Forecast & Outlook
Currently, USD/EUR is trading near its 7-day lows around 0.8740, close to the 90-day average, with the pair consolidating within its recent range. The dominant driver from structured analysis points to risk...
USD to JPY Exchange Rate Forecast & Outlook
Currently, USD/JPY is trading close to its 90-day average at 161.4, holding near the high end of its recent range. The pair is supported by US interest rate differentials but remains pressured by risk-off sentiment.
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 1360.79 from Wise. This is -0.65% compared to the mid-market rate 1,369.7.
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 1360.79, -0.65% from the latest mid-market rate 1,369.7.
The next best is Western Union at 1342.29, -2% from the mid-rate.
Among the banks the Chase Bank rate is -74.3449 at -105.4% the Wells Fargo Bank rate is -82.563 at -106% and the Citibank rate is -19.5573 at -101.4% compared to the mid-rate 1,369.7.
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.