The WorldRemit USD to NGN rate is 1576.36. This is - below the mid-rate. Compare WorldRemit currency conversion rates - Reduce FX costs.
The WorldRemit USD to NGN exchange rate is 1576.36. This is - compared to the latest USD-NGN mid-market rate 1,615.1.
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.
Looking at our comparison table the best USD to NGN exchange rate is 1604.62 from Wise. The next best rate is 1589.28 from Western Union. Then WorldRemit with 1576.36.
Among the banks, the Chase Bank rate is -87.8436, the Wells Fargo Bank rate is -97.5343, and the Citibank rate is -23.2388 compared to the mid-rate 1,615.1.
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 WorldRemit or platforms that offer rates closer to the mid-market rate.
The WorldRemit Dollar to Naira comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by WorldRemit and other foreign exchange providers against the latest USD-NGN mid-rate (see Market Data below ) and the possible savings of using various providers.
WorldRemit is a popular online money transfer service that allows users to send money to over 130 countries worldwide. The platform is known for its easy-to-use interface and low fees, making it a great option for people looking to send money to friends and family overseas.
One of the standout features of WorldRemit is its flexibility when it comes to payment and delivery options. Users can choose to send money via bank transfer, mobile money, or cash pickup, and recipients can receive funds through a bank account, mobile wallet, or cash pick-up location. This makes it easy for users to find a payment and delivery method that works best for them and their recipients.
In addition, WorldRemit offers competitive exchange rates and low fees, which can help users save money on international transfers. The platform also provides real-time updates on the status of transfers, so users can easily track their funds and ensure they arrive at their intended destination.
Overall, WorldRemit is a reliable and user-friendly platform for sending money internationally. Its wide range of payment and delivery options, competitive rates, and real-time updates make it a top choice for many users.
For more details on WorldRemit exchange rates, service and what their users think read our guide WorldRemit Foreign Transfers Reviewed.
US dollar (USD) to Nigerian naira (NGN) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/NGN | Change | Period |
|---|---|---|---|
11 Apr 2025 | 1598.54 | 1.1% ▲ | 2 Week |
25 Jan 2025 | 1558.00 | 3.7% ▲ | 3 Month |
25 Apr 2024 | 1281.34 | 26.1% ▲ | 1 Year |
26 Apr 2020 | 388.02 | 316.3% ▲ | 5 Year |
28 Apr 2015 | 198.90 | 712.2% ▲ | 10 Year |
30 Apr 2005 | 132.29 | 1121.2% ▲ | 20 Year |
Here are some popular conversion amounts for USD to NGN (US dollar to Nigerian naira)*.
*Converted at the current USDNGN interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Recent forecasts from various analysts indicate that the USD to NGN exchange rate remains under significant pressure, with the dollar currently trading near 1610 NGN. This position marks a 4.1% increase above its three-month average of 1547 NGN and reflects a considerable volatility range, having fluctuated between 1496 and 1679 NGN. In the midst of mixed signals, the U.S. dollar has seen support amid hopes of a resolution to trade tensions with China, especially following recent tariff announcements. However, there are concerns regarding the potential impact of President Trump's policies on the dollar, as some market observers speculate that a weaker dollar may be intentional to stimulate U.S. interests.
Read our full review of recent USD to NGN forecasts.
There are several ways to save on exchange rates when converting US dollar to Nigerian naira:
Generally speaking, if you are buying Nigerian naira with US dollar, then it's better for the USD/NGN exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Nigeria — a practical currency and money guide to travel in Nigeria plus living and doing business with the Nigerian naira.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/NGN to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Nigeria (NGN) |
There is no definitive answer to this question since it can vary greatly depending on the individual's lifestyle and location within Nigeria. However, according to Numbeo's Cost of Living Index for 2018, Lagos, Nigeria's largest city, ranks as the 95th most expensive city in the world out of a total of 679 cities.
The expat life in Nigeria is generally good. There are many things to do and see, and the people are generally friendly and welcoming. However, there are some challenges, such as the high crime rate and the lack of infrastructure.
Read more at our Nigeria (NGN) country guide
News2025-03-27
Recent U.S. trade policies, including aggressive tariffs on auto imports, have introduced significant volatility in global currency markets, affecting major currencies such as the euro, British pound, and Japanese yen.
Further reading on the Nigerian naira (NGN) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
^ Scroll back up to ^
^
