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
Near-term bias: 🔴 Mild downside
Expected range: 1317.5330 – 1356.0000
Dominant driver: 🌍 Global risk sentiment
3-month trend: ⚪ 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 within its 8.9% range, supported by risk-off sentiment. The pair remains supported by current risk conditions but could face pressure if global risk appetite improves...
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USD to JPY Exchange Rate Forecast & Outlook
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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 1374.7 from Wise. This is -0.65% compared to the mid-market rate 1,383.7.
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 1374.7, -0.65% from the latest mid-market rate 1,383.7.
The next best is Western Union at 1356.02, -2% from the mid-rate.
Among the banks the Chase Bank rate is -75.115 at -105.4% the Wells Fargo Bank rate is -83.4171 at -106% and the Citibank rate is -19.7674 at -101.4% compared to the mid-rate 1,383.7.
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.
