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
1383.0000 – 1457.0000
🌍 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 trading close to the 3-month average and near recent highs within its recent range. The pair is supported by risk-off sentiment which continues to pressure risk-sensitive currencies.
USD to EUR Exchange Rate Forecast & Outlook
USD/EUR is trading near 7-day lows around 0.8628, close to its 3-month average of 0.8549. The pair remains within a recent range and is supported by risk-off sentiment driven by geopolitical tensions and oil price concerns.
USD to JPY Exchange Rate Forecast & Outlook
Currently, USD/JPY is trading close to 7-day lows near 158.7, supported by safe-haven demand amid geopolitical tensions and high risk conditions. The pair is trading slightly above its 3-month average of 157,...
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 1372 from Wise. This is -0.65% compared to the mid-market rate 1,381.0.
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 Moneygram - Dollar to Naira comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Moneygram and other foreign exchange providers against the latest USD-NGN mid-rate and the possible savings of using various providers.
How do Moneygram 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 1372, -0.65% from the latest mid-market rate 1,381.0.
The next best is Western Union at 1353.36, -2% from the mid-rate.
Among the banks the Chase Bank rate is -74.9659 at -105.4% the Wells Fargo Bank rate is -83.2518 at -106% and the Citibank rate is -19.7267 at -101.4% compared to the mid-rate 1,381.0.
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 like Moneygram or platforms that offer rates closer to the mid-market rate.
