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
🔴 Mild downside
1317.5330 – 1378.0000
🌍 Global risk sentiment
⚪ Range-bound
90-day market context
Currency Forecasts related to USD/NGN
USD to NGN Exchange Rate Forecast & Outlook
Currently, USD/NGN is holding near its recent range as the current drivers are not aligned clearly enough for a stronger directional call. Over the next few sessions, this balance may persist unless a clearer...
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Currently, USD/JPY is trading near 159.8, above its 90-day average of 157.1, within a recent range. The dominant driver of recent price action is risk sentiment, supported by safe-haven flows amidst...
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 1369.44 from Wise. This is -0.65% compared to the mid-market rate 1,378.4.
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 1369.44, -0.65% from the latest mid-market rate 1,378.4.
The next best is Western Union at 1350.83, -2% from the mid-rate.
Among the banks the Chase Bank rate is -74.824 at -105.4% the Wells Fargo Bank rate is -83.0944 at -106% and the Citibank rate is -19.688 at -101.4% compared to the mid-rate 1,378.4.
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.
